{"id":85356,"date":"2023-03-31T12:18:11","date_gmt":"2023-03-31T11:18:11","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/naira-scarcity-long-queues-persist-in-imo"},"modified":"2023-03-31T13:42:26","modified_gmt":"2023-03-31T12:42:26","slug":"naira-scarcity-long-queues-persist-in-imo","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-scarcity-long-queues-persist-in-imo","title":{"rendered":"Naira scarcity: Long queues persist in Imo"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>Days after the Central Bank of Nigeria said it has released old notes to Deposit Money Banks, scarcity of naira notes still bites harder in Imo State.<\/p>\n

Some of the residents said that they were still unable to access either the old or the new notes from banks.<\/p>\n

At the Ekeukwu Owerri Market, a plantain seller, Mrs. Ngozi Ibeawuchi said: \u201cI don\u2019t know how to describe this policy because it affects both the buyers and the sellers.<\/p>\n

\u201cIt has made life miserable for everyone. I have run out of stock but I can\u2019t access funds to purchase my goods.\u201d<\/p>\n

Mrs. Blessing Ekeh, a yam seller at Relief market, complained that her business had been struggling despite the release of the old notes.<\/p>\n

\u201cSometimes, when someone transfers money to my account, I don\u2019t get a notification, and my account isn\u2019t credited. With the onset of the naira problem, I have suffered losses.<\/p>\n

\u201cTherefore, I made the decision to only accept cash, and this has a negative impact on sales. But, I have continued to only accept transfers from customers I know well,\u201d she said.<\/p>\n

An elderly, woman, Mrs. Margret Ego, who also sells pepper, tomatoes, Ogbono, and soup thickener, pleaded with the Federal Government to put more efforts towards resolving the naira crisis.<\/p>\n

When asked how the naira shortage had affected her business, the woman responded that sales had dropped drastically.<\/p>\n

Meanwhile, many customers were seen in large numbers at the entrance of some commercial banks visited around Bank Road, Douglas Road, Wetheral Road, and other areas.<\/p>\n

Zenith Bank, Access Bank, and a few other banks in Bank Road Owerri were handing out old notes.<\/p>\n

But in contrast to the CBN directive, some of the banks in Owerri, the capital of Imo State, said they had no cash available.<\/p>\n

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

Africa-Press – Nigeria. Days after the Central Bank of Nigeria said it has released old notes to Deposit Money Banks, scarcity of naira notes still bites harder in Imo State. Some of the residents said that they were still unable to access either the old or the new notes from banks. At the Ekeukwu Owerri […]<\/p>\n","protected":false},"author":84,"featured_media":85354,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[1570,2140,1018,9717,254],"class_list":["post-85356","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-imo","tag-naira-scarcity","tag-nigeria"],"yoast_head":"\nNaira scarcity: Long queues persist in Imo - Nigeria<\/title>\n<meta name=\"description\" content=\"Days after the Central Bank of Nigeria said it has released old notes to Deposit Money Banks, scarcity of naira notes st ...\" \/>\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-long-queues-persist-in-imo\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Naira scarcity: Long queues persist in Imo\" \/>\n<meta property=\"og:description\" content=\"Days after the Central Bank of Nigeria said it has released old notes to Deposit Money Banks, scarcity of naira notes st ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-scarcity-long-queues-persist-in-imo\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-31T11:18:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-03-31T12:42:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/03\/postQueueImg_1680248903.72.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1320\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\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-long-queues-persist-in-imo#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-scarcity-long-queues-persist-in-imo\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Naira scarcity: Long queues persist in Imo\",\"datePublished\":\"2023-03-31T11:18:11+00:00\",\"dateModified\":\"2023-03-31T12:42:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-scarcity-long-queues-persist-in-imo\"},\"wordCount\":321,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-scarcity-long-queues-persist-in-imo#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/03\/postQueueImg_1680248903.72.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"Imo\",\"naira scarcity\",\"Nigeria\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-scarcity-long-queues-persist-in-imo#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-scarcity-long-queues-persist-in-imo\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-scarcity-long-queues-persist-in-imo\",\"name\":\"Naira scarcity: Long queues persist in Imo - 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