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POS dealers ATM make brisk businesses in Borno and Yobe state due to scarcity of naira notes

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POS dealers ATM make brisk businesses in Borno and Yobe state due to scarcity of naira notes

By: Bodunrin Kayode

Naira sale has become big business in the capital of Borno and Yobe states as Point Of Sale (POS) agents are making brisk business beyond the normal charges from customers.

Even the Automated Teller Machines ATM which are supposed to give customers their cash as at when needed have restricted them badly to just N2000 in some cases even as our findings indicate that they drive big amounts of new cash in their private cars back to the bedrooms of those big time business men and politicians for fear of loosing their accounts to willing bank managers.

For those in Damaturu, a smaller town and capital of Yobe State, the scarcity of old naira notes still persists as it does in maiduguri but our investigations indicate that residents are trying to survive the tensed atmosphere this has quagmire has created.

The scarcity of naira notes has caused very long queues in most of the major towns around the two states such that there are worries that some people may never have respite even after the deadline issued by the central bank of Nigeria.

It’s the same sing song in Potiskum where a security source name withheld told this reporter that the policy should have been implemented long ago and not just when the election is at the corner.

“imagine you implement a policy that you think will cripple the political class who horde billions of this same naira for the election. Do you think some of them step into the bank? The answer is no. These bankers drive the cash back into their bedrooms. So who is loosing now? It’s the common man who has to buy naira at exorbitant prices.”he pointed.

Investigation conducted by this reporter indicates that because most of the council areas of these two states do not have branches of banks, there is an acute scarcity of even the old naira notes in the hinterland 200 to 300km outside the city of maiduguri and Damaturu.

A source who also prefers anonymity in Gamboru Ngala told this reporter that some residents in the border town that have relatives in Cameroon have resolved to buy most of their needs in foreign cfa currency which is available in their area as the bite of the scarcity of the naira persists.

She went on “We become lucky only when the POS agents travel to maiduguri and bring cash for us. Even that, they charge us 300 naira for every new N1000 we ask them to change for us. Some take half of the money in the name of selling new notes to us.

” This is our sad plight because we do not have banks here, not even micro finance banks to benefit from the enormous border trade going on with the gradual advent of peace in the place.

A drive round maiduguri within the period under review indicates that some of the banks deliberately refused to pay the old money to some customers and even POS agents on the counter since Monday and that is after the central bank of Nigeria had given a directive that they should dispense cash to them.

Service providers stranded

A tailor who called himself Bomboy complained that since Monday he has been working yet people were not coming to take their clothes and pay up even old notes for services.

He said those who want to pay him are met with stiff agency charges such as 1,500 taken from their salaries for every 5000.

“So if her salary is just N15,000 monthly you can imagine how she will feel loosing up to 4,500 from her pay if she wants to withdraw the cash for keeps so she can use accordingly.” said Bomboy.

At kasua fara which is part of konduga council area of Borno, charges rose from N100 for each N5000 withdrawal to about N500 which is ten percent of the money one desires to withdraw.

In the second largest town of Bama, the report was not different right up to Pulka and Gwoza, lack of money was a recurring decimal.

The POS sellers alleged that even though it is illegal to buy the naira, they have no choice but to buy behind the counter from some willing banks to go and sell for the customers who can afford to pay for the excess charges.

Paralysis of commercial activities

The scarcity has badly affected the buying and selling going on within the city because of the fear of losses they will incur if they get to the POS which is the only leeway to escape the mammoth crowd at the banks.

Some residents who spoke to this reporter noted that going out to the Atm centres of some banks is a waste of time because after two hours of waiting you realize that it can only dispense between 3 and 5,000.

“what if my wife is sick and we need to buy drugs worth more than 5000? Do that is how I will be restricted because they now dish out only 5000 in some ATM centres averagely which is bad for business.

Meanwhile, in these the CBN has set up committees that have been going round the states to enforce compliance. In Borno the committee is headed by Mohammed Tumala, a director of statistics in the CBN.

He told this reporter that the CBN is really serious about monitoring the whole exercise and would stick to the deadline which is why they are on ground to ensure enforcement by commercial banks.

He Saud that Borno Yobe has been taken care of because over N8. 4 billion was distributed to Borno as at last week while over N4 billion has been disbursed to Yobe alone.

He said that his team has been to many areas of the state and have disbursed directly to POS and other organized groups in need of the new notes.

The team leader said that they have been working with security agencies. Icpc, efcc and other relevant groups supporting the implementation of the policy by the CBN.

Reaction from Kano

Another anonymous source in kano said that it was true that some people were making brisk businesses from the currency business.

“But it is to our own disadvantage because our kids are the people I am thinking of. How will their generation live their lives? The masses are suffering and things are not getting better in anyway.

” There is no scarcity in kano except that people are buying the notes and keeping them in their homes as surety for the dry day.

” A lot of people have turned the crave for new naira notes into business and that is the only time it becomes scarce. Imagine someone withdrawing a million while others do not have anything.

” The POS agents are equally not helping matters because they exploit people a lot, by selling the currency at cut throat prices.

” At least eighty percent of the currency in circulation is outside the banking system. Just 20 percent is within the system and that is not good for our economy.

“The cashless policy must succeed because we cannot continue to be a cash based society.

” That is why we are welcoming E naira because it will also make sure we are boarded from the cash system. It would be of great advantage to the country as such it should be embraced if we mean business with our economy.

Reaction from the Govt house

Except for those with verifiable constraints such as lacking supplies from the CBN, the State Governor, Professor Babagana Zulum has directed that any bank which refuses to dispense new naira notes via ATMs and banking halls should have its land revoked.

Zulum issued the directive over the weekend after visiting branches of banks to assess problems being faced by residents in trying to access new naira notes via long queues at ATMs amid acute scarcity and hopelessness.

“Any bank in Borno State that is not willing to ensure their ATMs are fully dispensing new naira notes cash to ease the suffering of our people, we will withdraw their land title immediately. We will only spare Banks with genuine constraints that are verifiable” Zulum said.

Before that declaration, Zulum expressed unhappiness when he saw hundreds of people queued at a bank’s branch, with only one out of 10 ATMs dispensing cash.

“As you can see here, only less privileged people are queued up. I didn’t see rich people here. Many people are said to been here since 3:00 am, some could not even eat anything. The new naira notes and even the old ones are not available and that is adversely affecting commercial activities in the state and people are suffering

“We just released salaries of about 5 billion naira and the banks don’t have money, some of the ATMs are not working. We don’t have any problem with the CBN policy or the withdrawal limit, they said individuals can only withdraw N20,000, but why can’t everyone have access to that N20,000?” he said.

“Yesterday I was in Gubio with a population of over 70,000 people but it was impossible to source N100,000 in the entire local government, neither of the new note nor the old notes. A ram that is worth N100,000 is now being sold for N35,000 because people are desperate for cash, and some wicked rich people are going to rural areas to exploit poor people. ” Said Zulum

The Governor urged the Central Bank of Nigeria (CBN) to ensure the availability of new notes at commercial banks for people to access their money.

“Right now in Borno State, I have visited more than ten ATMs and there’s no cash” Zulum said.

POS dealers ATM make brisk businesses in Borno and Yobe state due to scarcity of naira notes

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NIMC Intensifies Ward-Level NIN Enrolment, Urges Nigerians to Register

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NIMC Intensifies Ward-Level NIN Enrolment, Urges Nigerians to Register

By: Michael Mike

The National Identity Management Commission (NIMC) has reaffirmed its commitment to expanding Nigeria’s digital identity database as its nationwide ward-level enrolment drive for the National Identification Number (NIN) gains momentum across the federation.

The exercise, which began on February 16, 2026, is designed to bring registration services closer to the grassroots by decentralising enrolment to ward levels in all states and the Federal Capital Territory. According to the Commission, the initiative is already recording steady progress, with officials deployed to designated centres to capture new registrants.

In a statement issued on Tuesday by the spokesman of the Commission, Dr. Kayode Adegoke, NIMC underscored the critical role of the NIN in accessing essential government and financial services, describing it as the backbone of Nigeria’s identity management system. The Commission stressed that possession of the NIN remains mandatory for participation in a growing number of public and private sector services.

“The ward-level enrolment is part of our strategy to ensure inclusive identity coverage and to eliminate barriers that may prevent citizens and legal residents from registering,” the Commission said.

NIMC called on Nigerians who are yet to enrol to seize the opportunity presented by the decentralised exercise by visiting designated centres within their wards. The agency advised prospective registrants to verify the nearest enrolment locations through its official website, cooperate with enrolment officers, and provide accurate and verifiable information during the process.

To curb misinformation, the Commission urged the public to rely strictly on its verified communication channels, including its website (www.nimc.gov.ng) and official social media platforms on X (@nimc_ng), Instagram (@nimc_ng), Facebook (National Identity Management Commission – NIMC), and LinkedIn.

The agency also highlighted additional digital services available to the public. Applicants can initiate pre-enrolment through the online portal at penrol.nimc.gov.ng, while individuals seeking data corrections or updates can use the self-service modification platform at selfservicemodification.nimc.gov.ng. For secure digital verification, Nigerians were encouraged to download the NIN Authentication (NINAuth) App from the iOS App Store or Google Play Store.

NIMC further provided its customer care helpline, 0800-061-6462, for inquiries and assistance.

Reaffirming its mandate, the Commission stated that it remains focused on delivering “assured identity” to all Nigerians and legal residents, noting that a comprehensive and reliable identity database is essential for national planning, security coordination, and efficient service delivery.

NIMC Intensifies Ward-Level NIN Enrolment, Urges Nigerians to Register

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Nigeria–China Partnership Strengthens as Officials Champion Culture, Women’s Empowerment and Economic Cooperation

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Nigeria–China Partnership Strengthens as Officials Champion Culture, Women’s Empowerment and Economic Cooperation

By: Michael Mike

Nigeria and China have reaffirmed their strategic diplomatic and cultural partnership, with top government officials, diplomats and international development partners using the 2026 Chinese New Year and Lantern Festival celebration in Abuja to call for deeper collaboration in culture, education, tourism and women’s economic empowerment.

The event, held at the China Cultural Centre brought together high-level delegates from the Federal Government of Nigeria, the diplomatic corps and cultural stakeholders from China. The celebration also marked the 55th anniversary of diplomatic relations between both countries, as well as global efforts to promote people-to-people diplomacy under cultural exchange platforms.

Speaking at the event, the Ambassador of China to Nigeria, Yu Dunhai, described the Lantern Festival as a global symbol of unity, hope and renewal. He said the festival’s growing international recognition following its inscription on the UNESCO Intangible Cultural Heritage list reflects the global relevance of Chinese culture.

The ambassador, who was represented by the Cultural Counselor of Chinese Embassy and Director, Chinese Cultural Centre in Nigeria, Yang Jianxing, emphasized that cultural diplomacy remains a strong pillar of China–Nigeria relations, noting that over five decades, both nations have deepened cooperation in trade, infrastructure development, education and technology transfer.

He stressed that cultural exchange promotes mutual understanding beyond formal diplomacy. “Civilizations are enriched by exchange and mutual learning,” he said, highlighting shared cultural values such as respect for family, community cohesion and social harmony.

On his part, the Nigeria’s Permanent Secretary, Federal Ministry of Art, Culture, Tourism and Creative Economy, Dr. Mukhtar Muhammad, described the celebration as a symbolic fusion of two great civilizations and a platform for advancing gender-inclusive development.

Muhammad emphasized that combining the Women’s Carnival with the Lantern Festival was intentional, reflecting the strategic role of women in shaping cultural identity and economic progress.

He noted that women in both Nigeria and China continue to drive innovation, preserve cultural heritage and contribute significantly to national development.

“As lanterns light up the night sky, our women light the path to social and economic progress,” he said, pledging that the Federal Government would continue implementing policies aimed at expanding opportunities for women in the creative and digital economy.

He added that Nigeria would work toward improving women’s visibility in global cultural and economic spaces through stronger tourism promotion, creative industry investment and international cultural collaborations.

Representatives of the UNESCO Office in Nigeria, Dr. Jean-Paul Ngome Abiaga,

also spoke at the event, describing culture and education as powerful tools for sustainable development and international cooperation.

He emphasized that the celebration’s timing — coming just days before International Women’s Day — reinforced global commitments to gender equality.

He commended progress made in women’s empowerment in both countries, highlighting China’s achievements in expanding women’s access to higher education, entrepreneurship and technology-driven industries, noting that women now represent a significant share of university enrolment and workforce participation in China.

In Nigeria, UNESCO praised ongoing initiatives such as national women empowerment programmes and advocacy campaigns promoting girls’ education and economic inclusion. The organization reiterated that investing in women’s education and skills development remains essential to achieving long-term economic stability and social progress.

Speakers at the celebration urged both nations to translate cultural goodwill into stronger economic partnerships. They highlighted opportunities in tourism development, creative economy expansion, digital skills training and youth entrepreneurship.

Officials said cultural exchange programmes have already contributed to growing mutual appreciation of music, film, fashion and culinary traditions between both societies.

Participants noted that Nigerian and Chinese women are increasingly participating in cross-border cooperation projects, with many contributing to business, technology and community development initiatives in both countries.

Nigeria–China Partnership Strengthens as Officials Champion Culture, Women’s Empowerment and Economic Cooperation

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Gombe, UNICEF move to combat nutrition commodity theft

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Gombe, UNICEF move to combat nutrition commodity theft

The Gombe State government in collaboration with UNICEF, has inaugurated a taskforce to tackle misuse, abuse, and theft of nutrition commodities aimed at addressing malnutrition in the state.

Speaking at the inauguration on Tuesday, Deputy Governor Mr Manassah Jatau, urged taskforce members to adhere strictly to their terms of reference, stressing the importance of safeguarding the health of the population.

He explained that the taskforce’s mandate included identifying, monitoring, and sanctioning anyone diverting, hoarding, destroying, or misusing nutrition commodities intended for malnourished children and other vulnerable groups.

Jatau noted that malnutrition remained a major challenge in northern Nigeria, particularly the North West and North East zones, emphasising that protecting nutrition supplies ensured better returns on government and partner investments.

He outlined the taskforce’s responsibilities, including monthly monitoring of health facilities and storage sites, investigating diversion cases, recommending sanctions, and developing guidelines for transparency and accountability in handling nutrition commodities.

Dr Nuzhat Rafique, Chief of UNICEF Bauchi Field Office, expressed concern over the diversion of life-saving nutrition commodities to the market, depriving malnourished children of critical protection and care.

She highlighted that nutrition supplies were essential for children suffering from Severe Acute Malnutrition (SAM) and warned that the number of chronically malnourished children was increasing in the state.

Rafique urged the taskforce to diligently prevent diversion or abuse of all nutrition and medical supplies, ensuring aid reached the children who needed it most.

Chairman of the taskforce, Mr Salisu Baba-Alkali, Commissioner of Budget and Economic Planning, assured that the committee would deliver on its mandate, reflecting the government’s strong political will and commitment.

The News Agency of Nigeria (NAN) reports that the taskforce underscores Gombe State’s institutional effort to protect life-saving nutrition commodities from misuse, diversion, and theft across health facilities and storage centres.

The initiative is aimed at ensuring that the supplies reach malnourished children and other vulnerable populations as intended by the government and its development partners.

Gombe, UNICEF move to combat nutrition commodity theft

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