Naira scarcity hits bank ATMs in Nigeria as xmas draws nearer

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Over the weekend, customers of some commercial banks in Osogbo, the Osun State capital, expressed dissatisfaction with the poor services provided by Automated Teller Machines (ATMs).

Findings  indicate that many ATMs of commercial banks were not dispensing cash, causing inconvenience for customers.

Several banks visited were observed to be empty from Saturday through Sunday, with their ATMs devoid of customers.


Some customers who shared their experiences recalled that the situation was no different from what occurred in the first quarter of 2023.

Dele Ajayi lamented having an emergency issue to deal with, which he could not easily solve because no ATM machine dispensed cash.

He stated, “I had an emergency on Saturday, so I rushed to the nearest bank to use their ATM. To my surprise, none of the ATMs was dispensing.

“I am aware that the banks have capped daily withdrawal again, but my problem is, why are the ATMs not dispensing? I find it hard to understand why I have to carry about an ATM card and yet I can’t use it when I want to.”