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Naira scarcity persists despite apex court verdict

Acute shortage of cash lingers despite the Supreme Court’s order on the legal tender status of the old naira notes. So far, the CBN has yet to issue any fresh statement inducing some uncertainty on whether or not individuals and businesses can use the old notes for transactions. Meanwhile, Nigeria’s Foreign Portfolio Investment transactions ended 2022 with a surplus of 12.3 billion naira, as against a deficit of 24.7 billion naira recorded in 2021. Damilola Akinbami, Senior Manager of Client and Industries at Deloitte joins CNBC Africa for more.
Mon, 13 Mar 2023 11:45:52 GMT
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