Naira Scarcity Hits Abuja As ATMs Fail To Dispense Cash

As the Christmas season approaches, some areas within the Federal Capital Territory (FCT) are encountering a shortage of available Naira currency.

In Abuja’s AYA area, at least seven commercial banks failed to dispense cash on Thursday, according to observations made by a correspondent.

This situation of cash unavailability at ATMs has persisted for about a week, hindering withdrawals.

Interestingly, the scene showcased numerous Point of Sales (POS) operators conducting business in front of these banks. Samuel, one of the POS operators, expressed dismay over the ATMs’ consistent inability to dispense cash, mentioning that cash availability is limited to specific hours of the day.

In his words;

“Since we entered December these ATMs have not been dispensing as much.

“There is naira scarcity and most likely it may be because we are approaching December, but only CBN can explain this new scarcity,”