Cash Scarcity Returns: POS operators find means to salvage the situation

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Temi Ajibola

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Jun 22, 2023
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As Nigerians countdown to Christmas, the cash scarcity that happened earlier in the year has resurfaced and may affect the festive plans.

The shortage of the naira has been reportedly linked by the Central Bank of Nigeria (CBN) to some individuals holding onto the currency because of difficulties faced during the naira redesign project. However, the root of the problem since the beginning of the year is the indecision of the naira redesign policy and this was confirmed by the CBN president, Yemi Cardoso.

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