Nigeria:   Cashless Policy - CBN Exempts Embassies, Diplomatic Mission, Others

Vanguard, 27 March 2012

The Central Bank of Nigeria (CBN) on Tuesday exempted embassies, diplomatic missions, multilateral and aid donor agencies from penalties and charges on daily cash withdrawal and… Read more »

Nigeria:   N10,000 Note And CBN's Cashless Project

Vanguard, 12 March 2012

Nigerians have largely been agitated by CBN's advance notice of daily cash withdrawal/deposits limits of N150,000 and N1 million for individuals and corporate bodies respectively,… Read more »

Nigeria:   CBN Withdraws N150 Billion From Circulation

This Day, 12 March 2012

In continuation of its restrictive monetary policy stance, the Central Bank Nigeria (CBN) at the weekend withdrew a total of N150.1 billion from circulation, through sale of… Read more »

Nigeria:   Cash-Less Economy - Expert Predicts 25 Percent Rise in Money Supply

Daily Trust, 21 February 2012

The implementation of the cash-less banking initiative instituted by the Central Bank of Nigeria (CBN) will push Broad Money Supply (m2) further by 25 per cent, the Managing… Read more »

Nigeria:   CIBN Asks CBN to Intensify Campaign On Cashless Policy

Vanguard, 23 February 2012

The Chartered Institute of Bankers of Nigeria (CIBN) has called on the Central Bank of Nigeria (CBN) to intensify the public sensitisation campaign on its cashless policy. Read more »

Nigeria:   Cashless Economy - Let's Do Away With Ghana-Must-Go Syndrome - CBN

Leadership, 21 February 2012

The Central Bank of Nigeria (CBN) has called on Nigerians, particularly the policy makers in the country, to do away with carrying large amount of money around in order to achieve… Read more »

Nigeria:   Cashless Policy'll Greatly Reduce Risk of Transportation

This Day, 9 February 2012

The Central Bank of Nigeria's (CBN) initiative of a cashless economy will minimise associated risk of carrying huge cash for businesses and enhances economic growth for job… Read more »

Nigeria:   Cashless Economy to Push Deposits up to N18 Trillion - Expert

Daily Trust, 9 February 2012

With the introduction of cashless policy by the central Bank of Nigeria, an economist, Bismarck Rewane has predicted that deposits in banks could rise to N18.5 trillion as against… Read more »

Nigeria:   Cashless Economy Policy Will Save the Country N192 Billion - CBN

Vanguard, 6 October 2011

The Central Bank of Nigeria, CBN, said, yesterday, that the cost of processing, handling and managing cash, if not checked, will cost Nigeria about N192 billion by next year. Read more »

Nigeria:   How 'Mobile Money' Will Boost Nigerian Economy

Daily Trust, 3 October 2011

The Central Bank of Nigeria (CBN), in order to achieve its cashless policy for the country, recently licensed some operators to deliver the mobile money services in Nigeria. In… Read more »

Nigeria:   Cashless Economy - Oceanic Bank Tasks Auditors On Security

This Day, 19 September 2011

With few months to the proposed implementation of the Central Bank of Nigeria's (CBN's) policy which seek to reduce the dominance of cash in the economy, Oceanic Bank International… Read more »

Nigeria:   Cashless Economy - Banks' Antics, Customers' Agony

Leadership, 11 September 2011

Some banks recently raised their minimum account balances and also introduced different charges as part of measures to encourage the electronic system of payment in the country.… Read more »

Nigeria:   Cashless Economy - Entrepreneurs Seek More Information

The Moment, 9 September 2011

TRADERS and small business owners have called on the Central Bank of Nigeria (CBN) to provide more information on the cashless economy policy before its introduction. Read more »

Nigeria:   Country's Move to Cashless Society

Daily Trust, 6 September 2011

Nigerians urge the Central Bank of Nigeria to heighten its sensitization channels, in order to educate the population on the upcoming new cash policy, even as a few express… Read more »