Reports have emerged on Monday that residents of Kano State, Nigeria’s centre of commerce, are suffering from naira scarcity.
The issue has even reached that even Point of Sale (POS) operators, where residents find solace during emergencies, are at the moment lamenting over the resurging scarcity in the state.
According to Daily Trust, the development is already hitting businesses and threatening the survival of the people by the day.
Customers have since been complaining of absence of cash at ATMs and now POS operators who offer solace are also complaining of the lack of cash.
While banks had limited cash withdrawals in 2023 for over-the-counter transactions that fell below regulatory standards, the naira scarcity had affected many businesses and individuals.
