{"id":102986,"date":"2023-12-03T21:24:02","date_gmt":"2023-12-03T20:24:02","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/naira-scarcity-hits-osun-as-bank-atms-fail-to-dispense-cash"},"modified":"2023-12-03T23:49:07","modified_gmt":"2023-12-03T22:49:07","slug":"naira-scarcity-hits-osun-as-bank-atms-fail-to-dispense-cash","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-scarcity-hits-osun-as-bank-atms-fail-to-dispense-cash","title":{"rendered":"Naira scarcity hits Osun as bank ATMs fail to dispense cash"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>Over the weekend, customers of some commercial banks in Osogbo, the Osun State capital, expressed dissatisfaction with the poor services provided by Automated Teller Machines (ATMs).<\/p>\n

Many ATMs of commercial banks were not dispensing cash, causing inconvenience for customers.<\/p>\n

Several banks visited were observed to be empty from Saturday through Sunday, with their ATMs devoid of customers.<\/p>\n

Some customers who shared their experiences with DAILY POST also recalled that the situation was no different from what occurred in the first quarter of 2023.<\/p>\n

Dele Ajayi lamented having an emergency issue to deal with, which he could not easily solve because no ATM machine dispensed cash.<\/p>\n

He stated, \u201cI had an emergency on Saturday, so I rushed to the nearest bank to use their ATM. To my surprise, none of the ATMs was dispensing.<\/p>\n

\u201cI am aware that the banks have capped daily withdrawal again, but my problem is, why are the ATMs not dispensing? I find it hard to understand why I have to carry about an ATM card and yet I can\u2019t use it when I want to.\u201d<\/p>\n

The issue was replicated in several banks visited, located at Gbongan-Ibadan road, Oke-Fia, Station Road, and Igbona axis of Osogbo, the state capital.<\/p>\n

Another customer, David Olayinka, said he had no other option than to resort to Point Of Sale (POS) agents.<\/p>\n

\u201cI was charged N150 for each N5000 I collected from the POS agent. I could not collect more than N5000 from a POS agent.<\/p>\n

\u201cI needed N50000, so I had to collect that sum from ten different POS agents because they too could not give me more than that amount. I also had to cough out N1500 as POS charges.<\/p>\n

\u201cIt was not funny, and I don\u2019t know if this is the way we will start the new year.\u201d<\/p>\n

POS agents have also decried the capping of withdrawals by commercial banks. Some agents revealed that these banks have slashed daily withdrawals and sought out alternative sources of cash from petrol attendants, commercial motorcyclists, and traders.<\/p>\n

\u201cMost of the banks have slashed their daily withdrawals. Some only allow N20,000, while some go as low as N5,000. This is the yuletide period, and it is now that business is supposed to boom, but imagine what we are experiencing.<\/p>\n

\u201cThe banks said they don\u2019t have cash, and that the Central Bank of Nigeria is mopping up cash. What for?\u201d Adedayo Azeez, a POS agent queried.<\/p>\n

For More News And Analysis About Nigeria<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. Over the weekend, customers of some commercial banks in Osogbo, the Osun State capital, expressed dissatisfaction with the poor services provided by Automated Teller Machines (ATMs). Many ATMs of commercial banks were not dispensing cash, causing inconvenience for customers. Several banks visited were observed to be empty from Saturday through Sunday, with […]<\/p>\n","protected":false},"author":84,"featured_media":102985,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[1570,2140,1623,254,516],"class_list":["post-102986","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-nigeria-2","tag-naira","tag-nigeria","tag-osun"],"yoast_head":"\nNaira scarcity hits Osun as bank ATMs fail to dispense cash - Nigeria<\/title>\n<meta name=\"description\" content=\"Over the weekend, customers of some commercial banks in Osogbo, the Osun State capital, expressed dissatisfaction with t ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-scarcity-hits-osun-as-bank-atms-fail-to-dispense-cash\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Naira scarcity hits Osun as bank ATMs fail to dispense cash\" \/>\n<meta property=\"og:description\" content=\"Over the weekend, customers of some commercial banks in Osogbo, the Osun State capital, expressed dissatisfaction with t ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-scarcity-hits-osun-as-bank-atms-fail-to-dispense-cash\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-03T20:24:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-03T22:49:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/12\/sm_1701627042.864571.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1728\" \/>\n\t<meta property=\"og:image:height\" content=\"1152\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-scarcity-hits-osun-as-bank-atms-fail-to-dispense-cash#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-scarcity-hits-osun-as-bank-atms-fail-to-dispense-cash\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Naira scarcity hits Osun as bank ATMs fail to dispense cash\",\"datePublished\":\"2023-12-03T20:24:02+00:00\",\"dateModified\":\"2023-12-03T22:49:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-scarcity-hits-osun-as-bank-atms-fail-to-dispense-cash\"},\"wordCount\":428,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-scarcity-hits-osun-as-bank-atms-fail-to-dispense-cash#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/12\/sm_1701627042.864571.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"naira\",\"Nigeria\",\"Osun\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-scarcity-hits-osun-as-bank-atms-fail-to-dispense-cash#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-scarcity-hits-osun-as-bank-atms-fail-to-dispense-cash\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-scarcity-hits-osun-as-bank-atms-fail-to-dispense-cash\",\"name\":\"Naira scarcity hits Osun as bank ATMs fail to dispense cash - 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