The Business NG - September 18, 2024Add to Favorites

The Business NG - September 18, 2024Add to Favorites

Få ubegrenset med Magzter GOLD

Les The Business NG og 9,000+ andre magasiner og aviser med bare ett abonnement  Se katalog

1 Måned $9.99

1 År$99.99

$8/måned

(OR)

Abonner kun på The Business NG

1 år $49.99

Spare 51%

Kjøp denne utgaven $0.99

Gave The Business NG

7-Day No Questions Asked Refund7-Day No Questions
Asked Refund Policy

 ⓘ

Digital Subscription.Instant Access.

Digitalt abonnement
Umiddelbar tilgang

Verified Secure Payment

Verifisert sikker
Betaling

I denne utgaven

Cash Crisis: Banks Ration Cash, ATMs Dispense Little, Customers Groan

The cash crisis in Nigeria has taken a toll on bank customers, who are struggling to access their money. Despite the presence of Automated Teller Machines (ATMs), customers are finding it difficult to withdraw cash, as banks continue to ration cash and ATMs dispense little.

The situation has led to frustration among customers, who are forced to rely on alternative means such as Point of Sale (PoS) operators, who charge exorbitant fees. The cash crunch has also led to a decrease in economic activities, as businesses struggle to access cash to operate.

Experts have attributed the cash crisis to several factors, including the high cost of running ATMs, the acquisition and merging of major banks, and the shift to digital banking. However, the situation remains a challenge for customers, who are calling on banks to address the issue.

The Central Bank of Nigeria (CBN) has initiated measures to promote a cashless economy, but the progress has been slow. The government needs to accelerate efforts to harness the benefits of a cashless society, enhance economic growth, and reduce financial risks.

The Business NG Newspaper Description:

UtgiverTuns Media & Comm Enterprise

KategoriNewspaper

SpråkEnglish

FrekvensSemi-Weekly

The BusinessNG, a leading business news publication across Nigeria and WestAfrica With a strong team of 30 staff members and a weekly print circulation of over 10,000 copies, we are poised for growth and report all political relating to business news at all level

  • cancel anytimeKanseller når som helst [ Ingen binding ]
  • digital onlyKun digitalt
MAGZTER I PRESSEN:Se alt