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A growing culture of apathy among the banking public appears to be taking a dangerous toll on cash deposits across the commercial banks in the country, worsening the lenders’ liquidity challenges in recent time ....
With the fiasco that attended the naira redesign policy and the apparent return to normalcy in the banking system, a new crisis is rearing its head which seems to prolong the cash crisis. Three weeks after the Central Bank of Nigeria, CBN, had directed bank to pay out all currency denominations, crowd and queues have remained, although cash is now relatively available. ....