Day of Decision: Nigerians to know fate as currency scarcity bites harder

Nigeria’s President Muhammadu Buhari is set to take a decision Friday as Africa’s biggest economy battles a cash crunch on a day that the Central Bank of Nigeria is expected to phase out the use of old notes.

Mr Buhari is holding an emergency meeting of the National Council of State to discuss crucial issues affecting the country such as the currency crisis and fuel scarcity. The meeting will also review the preparations for the general election.

The president acknowledged “hardship” in the country last week but urged citizens to give him seven days to resolve the cash crunch that has crippled businesses, caused suffering and triggered protests across the country.