As Christmas is celebrated, and barely a week to 2024, Nigerians are currently distressed over another phase of cash crunch in the country as banks cut down on cash transactions. Many Nigerians, who are in desperate need of cash in preparation for the festive season have resorted to POS operators, who have increased their charges.
Despite the assurance from the Central Bank of Nigeria (CBN) that sufficient cash was in circulation across the country, Nigerians are still experiencing difficulties in withdrawing cash at the ATMs and in the banking halls.
