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Cashless policy

2 Apr
A Federal High Court sitting in Lagos has struck out a suit challenging the implementation of Cashless Policy by the Central Bank of Nigeria (CBN).
21 Jul 2021
Experts in the technology industry have stated that the lack of trust in the use of digital platforms could undermine the benefits of the Central Bank of Nigeria (CBN) cashless policy.
30 Sep 2019
Transactions through electronic payment (e-payment) channels that would facilitate the country’s planned cashless policy hit a cumulative value of N284 trillion in the first half...
30 Sep 2019
The Central Bank of Nigeria (CBN) has re-introduced charges on the deposit and withdrawals of sums above N500, 000 to promote a cashless economy.
27 Sep 2019
The Central Bank of Nigeria (CBN) has maintained that the implementation of the cashless policy will not impoverish small businesses and Nigerians as it is being insinuated in some quarters.
22 Sep 2019
Dr Aminu Usman, Head, Economics Department, Kaduna State University, has urged the Central Bank of Nigeria (CBN) to carry out robust campaigns to sensitise Nigerians to understand the need for bank charges on deposits and withdrawals.
21 Sep 2019
The Central Bank of Nigeria (CBN), yesterday, maintained all its key monetary rates, which determine interest rate regime in the country, by retaining the Monetary Policy Rate...
20 Sep 2019
The House of Representatives yesterday ordered the Central Bank of Nigeria (CBN) to suspend the cashless policy on bank deposits, the implementation of which began on Wednesday this week.
16 Apr 2019
When Mr. Sanusi Lamido Sanusi, Central Bank Governor, launched the cashless policy in 2012 it was received with mixed feelings. It was a good idea, many people thought, but was Nigeria ripe and ready for it? In Nigeria there are always people who think we are not ready or ripe for anything that people elsewhere…
1 Sep 2017
Electronic payment operators have blamed the absence of robust infrastructure network and low level of awareness for the slow adoption of e-payment as a lifestyle.This is against the backdrop of the need to expand electronic based channels of transactions in the country.

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