The scarcity of cash has continued to bite harder across many states and the Federal Capital Territory (FCT). The cash crunch has forced less technology-savvy market women and men to switch to mobile and online payment services that are now being adopted by many small businesses in the nation’s capital.
Banana and groundnut sellers, vegetable vendors, and neighborhood grocery stores are among those that have adopted the use of POS (point of sale) after the ban on old notes by the government swept away over N2.5 trillion of Nigeria’s total currency in circulation as of February.
