Tag: scarcity

Foreign flights fully booked despite naira scarcity
Aviation

Foreign flights fully booked despite naira scarcity

In a surprising turn of events, foreign flights from Nigeria are experiencing unprecedented demand and are reportedly fully booked, despite the prevailing scarcity of the naira and economic challenges facing the country. Most airlines serving the Lagos-London, Lagos-USA, and Lagos-Paris routes were fully booked for the festive season despite the high cost of tickets which keeps increasing. […]

CBN fails to tackle spraying as cash scarcity bites harder
News

CBN fails to tackle spraying as cash scarcity bites harder

The traditional and cultural practice of spraying(spending) cash during parties in Nigeria has become increasingly challenging to control. A lot of Nigerians can still buy their way into getting enough cash especially in new notes to spray at these events despite the ban by the apex bank. A business man based in the FCT, Adekunle […]

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