Long queues at banks in Kano metropolis is disappearing gradually following the injection of more banknotes by the Central Bank of Nigeria (CBN) into commercial banks.

It’s 9pm on a Monday evening and Tunde is desperately looking for cash in Lagos, Nigeria. After queuing for 3 hours at a bank ATM, he approaches a local Point-of-Sale (PoS) agent who charges him N1,500 to withdraw N10,000. He accepts the unfair price with a mix of anger and resignation. He has no cash to get to work the next day and public buses do not accept electronic payments. Tunde’s struggle exemplifies the current fate of everyday Nigerians due to the Central Bank of Nigeria’s recent cash policies.

Lagos State Governor, Mr Babajide Sanwo-Olu, on Monday, directed residents of the State to go ahead and have transactions with the old Naira notes, saying Lagosians should feel free to use the old notes for commercial purposes.

The lingering struggle for cash has caused a sharp decline in business activities leading to steep reduction in output, with new orders and employment scaling down.

Angry youths, yesterday, threw the ancient town of Sagumu, Ogun State into chaos, in protest against naira scarcity. The protest, which began in front of the palace of the Akarigbo of Remoland, Oba Babatunde Ajayi...

Commercial sex workers in the Federal Capital Territory (FCT), yesterday, decried low patronage in their business due to the scarcity of naira notes.