Trader: How KongaPay saved my life amid Naira scarcity - ITREALMS

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A petty trader, Mrs. Bolade Inuwa, has narrated how she was spared huge embarrassments and inconveniencies in the wake of the recent policy pronouncement on the redesign of select denominations of the national currency – the Naira, specifically referencing how KongaPay, a mobile money wallet operated by Nigeria’s leading e-commerce giant, the Konga Group, came to her rescue.

Nigerians from all walks of life have had to contend with severe difficulties in the wake of the announcement by the Central Bank of Nigeria (CBN) which initially pegged January 31, 2023 as the deadline for the return of old series of 200, 500 and 1000 Naira notes. Amid concerns raised in various quarters, the CBN had stuck to its guns, insisting there are no plans to shift the deadline, prompting some businesses to stop receiving the old series of affected denominations even ahead of the deadline for their return.

CBN: We didn't anticipate scarcity on redesigned Naira - ITREALMS

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The Central Bank of Nigeria (CBN), on Thursday, admitted that the ongoing scarcity associated with the naira redesign and cash withdrawal policy was not anticipated.

This came amid numerous protests and attacks on banks by angry Nigerians due to the inability to access cash for their regular transactions.

Scarcity of aviation fuel hits Arik, cancels flights

ITRealms:

The scarcity of aviation fuel has forced Arik Air to cancel flights in the last 48 hours across the country, reports ITRealms.

Passengers, who were not pre-informed of the cancellation flooded various airports across the country, especially in Lagos, Owerri, Port Harcourt and Abuja, with some returning home angrily.

ITRealms gathered that Arik passengers suffered yet another setback at the weekend as they witnessed other airlines landing and taking off without their experience tickets being useful at those moments.

For instance, at the Sam Mbakwe International Airport Owerri, passengers since Saturday morning were greeted with the announcement that their flights have been delayed by an hour before it was finally cancelled for the day.

This shows that there was no Arik flight from Owerri on Saturday, and when they were advised to head to Port Harcourt, it was later gathered by correspondent that even the Port Harcourt flights were cancelled due to non-availability of aviation fuel with a promise that there must be a flight Sunday, July 17, 2016.

ITRealms further gathered that on Sunday, those who on assembled at Port Harcourt International Airport from various surrounding airports were stunned to be informed barely an hour to the supposed afternoon flight from Port Harcourt that it has been cancelled, which forced some Arik passengers to take to the nearby motor park as some of them have to be at the office Monday morning.

As the news gained momentum at the airport, some Arik passengers left but were later informed that the initially cancellation was a ploy to reduce tension and discourage the teeming already disappointed passengers and a flight eventually took off from Port Harcourt.

Equally, Air Peace had some 30 minutes delay before taking off from Owerri on Saturday, which was later attributed to scarcity of aviation fuel.

In a Short Messaging Service (SMS) by Air Peace, “We apologize for your delayed flight which was due to scarcity of Jet A1 fuel,” part of the text message read.

+Remmy 

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