This picture taken on January 29, 2016 in Lagos shows 1000 naira banknotes, Nigeria’s currency. Nigeria’s central bank governor, Godwin Emefiele, on January 26 dismissed calls to devalue the naira in his monetary policy committee statement. Instead he chose to continue propping up the currency at 197-199 naira to the dollar and maintain foreign-exchange restrictions. As a result, the naira on the black market is hovering around a record low of 305, fuelling complaints from domestic and foreign businesses who can’t access dollars required for imports. / AFP / PIUS UTOMI EKPEI (Photo credit should read PIUS UTOMI EKPEI/AFP/Getty Images)

 Nigerians oppose the CBN’s desire to retain cash in banks

   Quadri Yahya  The Central Bank of Nigeria and the citizens are in a tug of war as the apex bank wishes to keep the cash in circulation in commercial vaults, but the populace, on the other hand, prefers to hold (and hoard) cash. The apex bank, last November, launched…

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