Saturday, 2nd July 2022
Breaking News:

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.


3 mins ago
Popular comedian and skit maker, Lawrence Osarenkhoe, popularly known as Official MC Casino, has been inducted into the prestigious Kings and Kingdom Africa Hall of fame as an Ambassador of cultural ethics, values and morals, ahead of his working visit to Europe. The Founder and Chief Executive officer, Alfa Global Impact Initiative, Comrade Ameh David…
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The seven companies are: Niger Insurance, C&I Leasing, African Alliance Insurance, Coronation Insurance, Ekocorp, Premier Paints and Mutual Benefits Assurance. The suspension, which takes effect from yesterday, July 1, 2022, implies that there would be no price movement on the shares because the company’s investors would no longer trade on their stocks. A circular issued…
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A cabin crew strike at EasyJet and Ryanair saw 15 flights to and from Spain cancelled and 175 others delayed Saturday, as staff at the Irish airline announced 12 more days of stoppages. The strike at the two low-cost airlines over pay and working conditions began as European schools started breaking up for the summer,…
30 mins ago
Interpol arrested a 28-year-old Nigerian national who is believed to be part of a cybercrime ring involved in phishing scams, internet scams and money laundering to the tune of R192 million (about ₦4,782,378,061). The man is accused of swindling dozens of US citizens out of millions of dollars from South Africa, via email and text…
59 mins ago
Authorities in Uzbekistan said Saturday that they had arrested "organisers of mass riots" who wanted to seize administrative buildings in an autonomous republic that witnessed rare protests over constitutional reform proposals. The Friday demonstration in the Republic of Karakalpakstan brought thousands onto the streets of the regional capital and followed the publication of draft amendments…