As the Central Bank of Nigeria’s Naira redesign policy bites harder, the scarcity of new notes continues to disrupt business activities in markets, restaurants, banks, and major sales outlets across Nigeria.
In the midst of the operational challenges being faced by small businesses especially in rural areas, a PREMIUM TIMES’ survey showed that Point of Sale (PoS) transaction charges jumped 400 per cent in most cities across the country last week.
The impact of the CBN policy and its attendant chaos have frustrated efforts by many Nigerians operating in the nation’s cash-dependent informal economy to do business, make payments, and enjoy certain services.
