Nigeria Banks to Cut Cash Transactions
The central bank maintains that the cashless policy will be extended to the Federal Capital Territory and five other states, despite calls by the House of Representatives for a 'gradual' phasing-in.
Naira
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Nigeria:
Cashless Policy Extends to FCT, Kano, Ogun July 1
Daily Trust, 29 June 2013
The Central Bank of Nigeria (CBN) has extended the cashless policy to Federal Capital Territory (FCT) Abuja, Abia, Anambra, Kano, Ogun and Rivers effective July 1, 2013. Read more »
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Nigeria:
Skye Bank Kicks Off Cashless Policy in Ogun
Premium Times, 30 June 2013
Skye Bank, at the weekend, kicked off phase two of the Central Bank of Nigeria, CBN, cashless policy in Ogun State. The Bank Regional Manager for the State, Femi Fatunmbi, made… Read more »
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Nigeria:
Cashless Policy Will Check Corruption - Amaechi
Leadership, 29 June 2013
Governor Rotimi Chibuike Amaechi of Rivers State has endorsed the cashless policy of the Central Bank of Nigeria (CBN) scheduled to take off in Rivers and five other states on… Read more »
InFocus
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The Central Bank of Nigeria has increased the number of point of sale terminals in Lagos to promote its cashless economy policy. Read more »
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The cashless economy initiative by the Central Bank which will minimise the risk of carrying huge amounts of cash by businesses and individuals, has started in Lagos. Read more »