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All posts tagged "CBN Cashless policy"

  • CBN Moves to Appease Nigerians on N5000 Note, Says Can Reject Note at Banks

    The Central Bank of Nigeria (CBN) has reviewed its tactics and has begun soft-pedaling on the issue of the N5000 note. Speaking to journalists about the brash way the news of  the policy was unfolded to Nigerians,...

    • Posted September 10, 2012
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  • Senate May Approve N5,000 Note Project

    The Nigerian senate may go ahead to approve the Central Bank’s plan to introduce the N5,000 note as well as phase out some smaller denominations into coins. The indication was given by Senator Eyinnaya Abaribe (PDP, Abia South) via...

    • Posted August 30, 2012
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  • CBN to Postpone Nationwide Deployment of Cashless Policy

    The Central Bank of Nigeria (CBN) has concluded plans to postpone the nationwide deployment of its cashless policy which was originally scheduled to begin on January 1, 2013. Instead the apex financial institution has decided to stagger...

    • Posted July 30, 2012
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  • CBN provides Concessions on Cashless Lagos, Increases Transaction Limits and Cuts Charges

    The Central Bank of Nigeria (CBN) appears to be partially retracing its steps on the controversial Cashless Nigeria project which is slated to kick off in Lagos in two weeks. The CBN has divulged that the transaction...

    • Posted March 16, 2012
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  • CASHLESS SOCIETY: Lessons From Subsidy Removal Strike

    For some months now, the CBN has been trying to sensitize Nigerians about the benefits of a cashless society. The programme was supposed to have kicked off on the 1st of January in Lagos. However, Goodluck’s subsidy...

    • Posted January 23, 2012
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  • CBN Announces Incentives to Nigerians on Cashless Policy

    The Central Bank has announced plans to incentivize Nigerians to embrace e-payment methods. The apex bank disclosed in a statement released Friday, that customers will not incur any service charges for using Point of Sales (POS) terminals....

    • Posted January 23, 2012
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