The newly reintroduced cash-less policy of the Central Bank of Nigeria (CBN) has generated not only mixed feelings, but also misunderstanding of the concept.

First Bank of Nigeria Limited has been conferred with multiple awards cutting across the industry. The Bank, which is also commemorating its 125 years anniversary, has been widely commended for re-inventing itself and being nimble in its service delivery, whilst painstakingly adapting to the dynamic changes that have enveloped businesses, especially with the advent of…

A financial technology company, Xpress Payment Solutions Limited, has said that for the Central Bank of Nigeria (CBN) cash-less policy to be successful, Agent Banking initiative must play a big role.    Speaking in Lagos at the DigitalPay Expo, Managing Director, Xpress Payment Solution Limited, Oluwadare Owolabi, said the payment system vision (2020) has not…

Since the Central Bank of Nigeria’s (CBN) cashless policy became operational, many Nigerians no longer carry physical cash around. This trend has also been embraced by the church; where platforms such as Point of Sale (POS) Internet transfers have replaced payment of cash. What are the advantages and disadvantages of using POS and other online…

The key question about Patrick Dele Cole’s sermon (Tuesday, August 23, page 18) vilifying the policy to implement the ‘cashless’ monetary scheme in Nigeria is whether it was intended as a joke ...

“It is difficult to assess at present, the other key objective, namely, the contribution of the cashless policy to the achievement of the Nigerian Vision 2020.