As the country to witness a nationwide cash paucity a yet to be identified man has allegedly slumped and died at a bank in Agbor, Delta state after waiting for several hours to withdraw cash.The incident happened inside the banking hall on Thursday afternoon, February 2, 2023.Facebook user, Omole Mike, shared a photo of the deceased and wrote;"Just now, at about 1:30 pm. Somebody collapsed and died in the First bank of Nigeria, Agbor Branch. The Date is on 02-02-202...

In an unbelievable development, the Minister of Finance, Budget, and National Planning, Zainab Ahmad, has distanced her ministry from the planned move by the Central Bank of Nigeria ( CBN) to redesign the naira.It will be recalled that the CBN governor, Godwin Emefiele said two days that the naira note will be redesigned starting from next month. The minister commented on the policy in response to a question raised by Senator Opeyemi Bamidele (APC Ekiti Central) dur...

There’s a sense of relief in the air following the directive of the Central Bank of Nigeria (CBN) mandating commercial backs to commence in earnest issuance of naira notes of various denominations to customers.In a bid to cushion the effect of the cash crunch caused by its cashless policy, the CBN said it has evacuated banknotes from its vaults to commercial banks across the country with the hope of ending the devastating Naira scarcity.This was contained in a state...