Cash Crunch

March 23, (THEWILL) - In a bid to improve cash availability, the Central Bank of Nigeria (CBN) has released N52 billion in cash to commercial banks in the country. The apex bank also directed the banks to open all...

March 23, (THEWILL) - The Central Bank of Nigeria (CBN) has released the old Naira notes to deposit money banks, to ease the current cash crunch across the country. The development followed the March 3 judgement of the supreme...

March 22, (THEWILL) - The leadership of the Nigeria Labour Congress (NLC), on Wednesday, directed all workers to picket all the offices of the Central Bank of Nigeria (CBN) nationwide, with effect from next week, over the current...

March 15, (THEWILL) - Former CEO, National Bureau of Statistics (NBS) and Statistician-General of Nigeria, Dr Yemi Kale, has predicted that Nigeria’s nominal Gross Domestic Product (GDP) in first quarter (Q1) of 2023 will drop by as much...

March 11, (THEWILL) - Bayelsa State Government has said it understands the pains of residents of the state following the implementation of the Central Bank of Nigeria (CBN) naira redesign policy, urging residents to be calm and not engage...

March 11, (THEWILL) - The current cash dearth that had ravaged Nigeria for over a month appears to have heightened tension in Owerri, the Imo State capital. Residents have, by this development, been thrown into untold hardship over the...

February 17, (THEWILL) - Violent protests erupted in parts of Port Harcourt, Rivers State capital on Friday morning, over the scarcity of Naira notes. Mostly hit by the protest were Ikwerre Road and Diobu axis of the state capital, especially...

February 17, (THEWILL) - Protests over the scarcity of Naira notes erupted in some parts of Lagos State Friday morning. In the Ojota, Ketu and Mile 12 areas of the State, irate youths blocked the Ikorodu expressway and stopped...

February 17, (THEWILL) - Kaduna State governor, Nasir El-Rufai, has declared the old N200, N500 and N1000 notes legal tenders, and directed residents in the state to continue to use them, despite President Muhammadu Buhari’s directive that the...

February 16, (THEWILL) - Edo residents have hailed the intervention of the Governor Godwin Obaseki-led administration to ameliorate the hardship faced accessing the redesigned naira notes. Government officials led the staff of the Central Bank of Nigeria (CBN) to major...