Point of sale (PoS) operators in Calabar have increased their charges by 100 per cent for all transactions following the scarcity of naira notes.
The immediate past CBN governor, Godwin Emefiele, had, in a bid to further promote the cashless policy in the country, implemented the cash deposits limit.
The naira on Tuesday appreciated against the dollar as it exchanged at N745.19 at the Investors and Exporters window.
Mr Yakusak said that increasing the country’s export capacity necessitated the NEPC to organise the conference on non-oil exports.
A spot exchange rate of N845 to the dollar was the highest rate recorded within the day’s trading before it settled at N791.42.
The naira depreciated by 5.75 per cent when compared with N664.04 for which it exchanged for the dollar on Wednesday.
Residents of the Federal Capital Territory (FCT) have used the occasion of Easter to thank God for surviving the cash crunch caused by the naira redesign policy.
Mr Arikpo urged Nigerians to find ways to manage stress with or without government’s help.
“The people are no longer buying catfish, fishes are just in the water consuming feeds and increasing our cost of operation.”
Commuters in Bauchi have lamented difficulties experienced in paying transport fares, as motorists now reject e-payment insisting on cash.
