Saturday, 30th September 2023

Cashless policy

4 Jul
The Central Bank of Nigeria (CBN), yesterday, intensified campaign for stakeholders and institutions to embrace and adopt the e-Naira policy.Officials of the apex bank, led by Ondo State Acting Branch Controller, Samuel Giwa, visited the Federal University of Technology, Akure (FUTA), to intimate principal officers, members of staff and students of the institution on the need to key into the payment system.
18 Mar
Currently, the conventional banking system in Nigeria is facing fierce competition from financial technology companies popularly known as Fintech, majorly as a fallout of the shoddy implementation of the cashless policy of the CBN...
17 Mar
Catfish farmers have lamented low patronage due to the cash crunch across the country occasioned by the Central Bank of Nigeria (CBN) cashless policy and naira redesign.
20 Feb
Speaking strictly legally, all policies and programmes of government should be tailored towards the provisions of section 14 (2) (b) of the Constitution of the Federal Republic of Nigeria, 1999 which state that the security and welfare of the people shall be the primary purpose of government. In other words, all plans and actions of government at any point in time should be targeted towards achieving the common good.
20 Feb
The cashless policy coupled with the change in the naira note has presented a humongous challenge for individuals and businesses. People are trying to withdraw the new naira notes but being offered the old notes or even coins.
9 Feb
The National Security Adviser (NSA) Maj.-Gen. Mohammed Monguno (rtd), has said that the change of currency and cashless policy of the Central Bank of Nigeria (CBN), if not well thought out, may affect operations of troops in the field.
2 Apr 2022
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.


1 day ago
In a significant development nearly three decades after the tragic murder of legendary hip-hop artist Tupac Shakur, Las Vegas police have charged Duane "Keffe D" Davis with his murder. The rapper was fatally shot in a drive-by shooting in Las Vegas in 1996, and the identity of his killer has remained a mystery until now.…
1 day ago
A former senator who represented Kogi West in the 9th National Assembly, Smart Adeyemi, has rejected the advice of the Supreme Court to withdraw his petition.
1 day ago
The Chief of Defence Staff (CDS), Maj.-Gen. Christopher Musa, has said that the military will flush out bandits and terrorists from the country.
1 day ago
The Nigeria Customs Service, Federal Operations Unit (FOU) Zone A has arrested Mr Felix Maiva, a wanted wildlife smuggler who, according to the agency, has been on the run since 2021. Maiva's arrest is a fallout of intense investigation and surveillance that followed the discovery of a 20 foot container found to contain 4,752kg of…
1 day ago
As the United Nations General Assembly High-Level week proceeded last week, the idea of Africa as the next business frontier of the world resounded with glaring ardour. Even the very fact that New York where all of the world’s attention is turned to about this time every year is led by an African American is…
1 day ago
DUBAI, United Arab Emirates, 29 September 2023 -/African Media Agency(AMA)/- Bybit, the world’s third most visited crypto exchange, is thrilled to have invited fans to an unforgettable experience at the 2023 Formula One Japanese Grand Prix, following Max Verstappen’s podium win, and ORBR winning the Constructors’ World Championship for the sixth time in the team’s history. As…
1 day ago
DUBAI, United Arab Emirates, 29 September 2023 -/African Media Agency(AMA)/- Bybit, the world’s third most visited crypto exchange, is partnering with American University of Sharjah (AUS) to create an inter-college hackathon, empowering young people to develop new AI and crypto models.  Dubbed the “CryptoAI BUILDER Challenge,” this initiative represents a milestone in the partnership between AUS and…
1 day ago
The Nigerian Navy has arrested six impostors impersonating as Nigerian Navy personnel to engage in fraudulent activities.
1 day ago
The Delta Governorship Election Tribunal sitting in Asaba on Friday affirmed Gov. Sheriff Oborevwori of the Peoples Democratic Party (PDP) as the duly elected governor of Delta.
1 day ago
A Federal High Court in Kano has ordered the Kano State Government to pay the Incorporated Trustees of Eid Grand Shop Owners N30 billion as compensation for the unlawful demolition of their properties. The huge fine was to cover the unlawful demolition of the shops without following due processes laid down by law. The court…