{"id":103423,"date":"2023-12-08T09:19:20","date_gmt":"2023-12-08T08:19:20","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/naira-scarcity-hits-abuja-as-atms-fail-to-dispense-cash"},"modified":"2023-12-08T12:31:41","modified_gmt":"2023-12-08T11:31:41","slug":"naira-scarcity-hits-abuja-as-atms-fail-to-dispense-cash","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-scarcity-hits-abuja-as-atms-fail-to-dispense-cash","title":{"rendered":"Naira scarcity hits Abuja as ATMs fail to dispense cash"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>Some parts of the Federal Capital Territory, FCT, are beginning to experience paucity of the Naira as Nigerians approach Christmas.<\/p>\n

No fewer than seven commercial banks in the AYA area of Abuja failed to dispense cash on Thursday.<\/p>\n

Who visited these ATMs on Thursday evening, reports that he could not withdraw, and it has been the case for about a week.<\/p>\n

Our correspondent, however, observed that Point of Sales, POS, operators lined up in their numbers in front of those banks to make brisk business.<\/p>\n

One of the POS operators, who identified himself as Samuel, lamented that the ATMs have not been dispensing cash as expected.<\/p>\n

He noted that cash was only available at certain hours of the day.<\/p>\n

\u201cSince we entered December these ATMs have not been dispensing as much.<\/p>\n

\u201cThere is naira scarcity and most likely it may be because we are approaching December, but only CBN can explain this new scarcity,\u201d he said.<\/p>\n

This is coming amid the Central Bank of Nigeria, CBN, directive that both the old and the redesigned Naira notes remain legal tender in Nigeria.<\/p>\n

The Supreme Court also in its judgment granted the prayers of the federal government to lift the December 31 extension deadline for the usage of N200, N500, and N1,000 notes.<\/p>\n

While responding to the judgement, the CBN had this to say: \u201cTo avoid doubt, the Supreme Court ordered that the old versions of N200, N500 and N1000 banknotes, alongside the redesigned versions, shall continue to be legal tender.<\/p>\n

\u201cAccordingly, in line with Section 20(5) of the CBN Act 2007, all banknotes issued by the Central Bank of Nigeria will remain legal tender indefinitely.\u201d<\/p>\n

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

Africa-Press – Nigeria. Some parts of the Federal Capital Territory, FCT, are beginning to experience paucity of the Naira as Nigerians approach Christmas. No fewer than seven commercial banks in the AYA area of Abuja failed to dispense cash on Thursday. Who visited these ATMs on Thursday evening, reports that he could not withdraw, and […]<\/p>\n","protected":false},"author":84,"featured_media":103422,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[347,1570,2140,4353,1623,254],"class_list":["post-103423","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-abuja","tag-africa-press","tag-africa-press-nigeria-2","tag-atms","tag-naira","tag-nigeria"],"yoast_head":"\nNaira scarcity hits Abuja as ATMs fail to dispense cash - Nigeria<\/title>\n<meta name=\"description\" content=\"Some parts of the Federal Capital Territory, FCT, are beginning to experience paucity of the Naira as Nigerians approach ...\" \/>\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-abuja-as-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 Abuja as ATMs fail to dispense cash\" \/>\n<meta property=\"og:description\" content=\"Some parts of the Federal Capital Territory, FCT, are beginning to experience paucity of the Naira as Nigerians approach ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-scarcity-hits-abuja-as-atms-fail-to-dispense-cash\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-08T08:19:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-08T11:31:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/12\/sm_1702018685.606088.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1050\" \/>\n\t<meta property=\"og:image:height\" content=\"591\" \/>\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=\"1 minute\" \/>\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-abuja-as-atms-fail-to-dispense-cash#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-scarcity-hits-abuja-as-atms-fail-to-dispense-cash\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Naira scarcity hits Abuja as ATMs fail to dispense cash\",\"datePublished\":\"2023-12-08T08:19:20+00:00\",\"dateModified\":\"2023-12-08T11:31:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-scarcity-hits-abuja-as-atms-fail-to-dispense-cash\"},\"wordCount\":293,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-scarcity-hits-abuja-as-atms-fail-to-dispense-cash#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/12\/sm_1702018685.606088.jpg\",\"keywords\":[\"Abuja\",\"Africa Press\",\"Africa Press-Nigeria\",\"ATMs\",\"naira\",\"Nigeria\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-scarcity-hits-abuja-as-atms-fail-to-dispense-cash#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-scarcity-hits-abuja-as-atms-fail-to-dispense-cash\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-scarcity-hits-abuja-as-atms-fail-to-dispense-cash\",\"name\":\"Naira scarcity hits Abuja as ATMs fail to dispense cash - 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