Naira Scarcity » NAIJATRENDS

Banks Release Code for Cardless ATM Cash Withdrawal As Naira Scarcity Continues

Posted on March 10, 2023 by rejoice

As Nigerians grapple with the scarcity of Naira notes, commercial banks have released codes for cardless ATM cash withdrawals. The feature allows account holders to make withdrawals at ATMs with the aid of their registered phone numbers. Banks customers can now make withdrawals from ATMs without needing a card. The banks that have released these features include Fidelity, United Bank of Africa, Access Bank, First City Monument Bank, First Bank, and Guaranty Trust Holding. Others…

Naira Scarcity: LASU Staff Slumps, Dies While Queuing In Bank To Withdraw N5,000

Posted on February 22, 2023 by rejoice

A staff of the Lagos State University (LASU) Ojo, Mr Ademola Adesola, slumped and died wh!le queuing in a bank within the school to withdraw N5,000 new notes. The Head of the Publicity and Public Relations Unit of the university, Mr Jeariogbe Olaniyi, who confirmed the incident to the Nigerian Tribune on Tuesday, February 21, 2023, said the Grade Level 13 officer drove himself to the school in the morning. According to Mr Olaniyi, around…

Unrest looms as banks, PoS operators, traders reject old naira notes

Posted on February 14, 2023 by rejoice

Shock and anger took over Ondo State on Monday as banks across the State refused to accept the old Naira notes from residents. The residents, most of whom are traders, had neatly arranged the money they made all through the weekend in anticipation of depositing it in banks, but they met a brick wall. With the information filtering gaining ground across the State, operators of Point-of-Sale (PoS) terminals and business owners began to reject the…