{"id":99591,"date":"2023-11-02T20:21:43","date_gmt":"2023-11-02T19:21:43","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/cbn-denies-reports-of-scarcity-of-cash"},"modified":"2023-11-02T22:39:36","modified_gmt":"2023-11-02T21:39:36","slug":"cbn-denies-reports-of-scarcity-of-cash","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/cbn-denies-reports-of-scarcity-of-cash","title":{"rendered":"CBN denies reports of scarcity of cash"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Nigeria. <\/strong><\/span>The Central Bank of Nigeria (CBN) has denied reports of an alleged scarcity of cash at banks, automated teller machines, points of sale, and bureaux de change in some major cities across the country.<\/p>\n<p>CBN\u2019s Director of Corporate Communications, Isa AbdulMumin, denied the report in a statement on Thursday.<\/p>\n<p>AbdulMumin said the seeming cash scarcity in some locations is due to high volume withdrawals from the CBN branches by deposit money banks and panic withdrawals by customers from the ATMs.<\/p>\n<p>\u201cWhile we note the concerns of Nigerians on the availability of cash for financial transactions, we wish to assure the public that there is sufficient stock of currency notes for economic activities in the country.<\/p>\n<p>\u201cThe branches of the CBN across the country are also working to ensure the seamless circulation of cash in their respective states of operation,\u201d he said.<\/p>\n<p>He, therefore, urged members of the public to guard against panic withdrawals as there is sufficient stock to facilitate economic activities.<\/p>\n<p>\u201cNigerians are also advised to embrace alternative modes of payment, which would reduce pressure on using physical cash,\u201d he said.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/nigeria\">Nigeria<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Nigeria. The Central Bank of Nigeria (CBN) has denied reports of an alleged scarcity of cash at banks, automated teller machines, points of sale, and bureaux de change in some major cities across the country. CBN\u2019s Director of Corporate Communications, Isa AbdulMumin, denied the report in a statement on Thursday. AbdulMumin said the [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":99589,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[1570,2140,503,254],"class_list":["post-99591","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-cbn","tag-nigeria"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>CBN denies reports of scarcity of cash - Nigeria<\/title>\n<meta name=\"description\" content=\"The Central Bank of Nigeria (CBN) has denied reports of an alleged scarcity of cash at banks, automated teller machines, ...\" \/>\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\/cbn-denies-reports-of-scarcity-of-cash\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBN denies reports of scarcity of cash\" \/>\n<meta property=\"og:description\" content=\"The Central Bank of Nigeria (CBN) has denied reports of an alleged scarcity of cash at banks, automated teller machines, ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/cbn-denies-reports-of-scarcity-of-cash\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-02T19:21:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-02T21:39:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/11\/sm_1698944771.391591.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\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\/cbn-denies-reports-of-scarcity-of-cash#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/cbn-denies-reports-of-scarcity-of-cash\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"CBN denies reports of scarcity of cash\",\"datePublished\":\"2023-11-02T19:21:43+00:00\",\"dateModified\":\"2023-11-02T21:39:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/cbn-denies-reports-of-scarcity-of-cash\"},\"wordCount\":202,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/cbn-denies-reports-of-scarcity-of-cash#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/11\/sm_1698944771.391591.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"CBN\",\"Nigeria\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/cbn-denies-reports-of-scarcity-of-cash#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/cbn-denies-reports-of-scarcity-of-cash\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/cbn-denies-reports-of-scarcity-of-cash\",\"name\":\"CBN denies reports of scarcity of cash - 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