Cashless policy takes off with N284 trillion e-payment deals
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...
Benefits of CBN’s cashless policy
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.
Cashless policy: Don cautions on what could negate financial inclusion
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.
CBN says no going back on cashless policy
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...
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…
Experts harp on infrastructure network, awareness for cashless policy
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.