Tag: Scarcity
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Scarcity hits small Naira denominations as CBN fails to print in 1 year – Investigation
…There’s no scarcity of small Naira denominations, CBN has always made provision, spokesperson affirms Investigations have revealed that the Central Bank of Nigeria (CBN) did not print the small Naira denominations for about a year, thus causing the scarcity of the notes in the economy. Sources at the CBN hinted that for a year now,…
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Foreign Exchange reserves hit $25.5bn as forex scarcity continues
Latest data on the website of the Central Bank of Nigeria, CBN confirms that Nigeria’s foreign exchange reserves have risen to over three-month high of $25bn. The reserves according to the CBN rose to $25.2bn on December 19. Since September, the reserves have gradually dipped low. According to the CBN the reserves recodrded a similar…