Tag Archives: Naira Crisis

For weeks, there has been chaos in Nigeria’s micro and macroeconomic sectors as commercial banks, business owners and Nigerians continued to count their revenue losses owing to the untamed naira crisis. The pain of Naira scarcity has been on the lips of many Nigerians, including corporate, small-scale businesses, petty traders, …

The Association of Senior Staff of Banks, Insurance and Financial Institutions, an umbrella body of banking sector workers, disclosed that banks lost N5 billion following attacks on assets by protesters over naira scarcity. The group’s president, Oluwole Olusoji, made this disclosure in Lagos on Thursday. He added that protesters had …