December 20, 2024
Home Posts tagged Cashless policy
Banking Blogs Business Media Top Story

Banks yet to start cash payment, leaving customers stranded

By The Insight Team 237 0
Commercial banks in some satellite towns of the Federal Capital Territory (FCT) had yet to start cash payment, leaving customers stranded and frustrated in spite of the Supreme Court ruling. The News Agency of Nigeria (NAN) correspondent who monitored banks in Nyanya, Mararaba and Karu in Abuja on Tuesday, reports that none of the banks […]Continue Reading
cash squeeze
Banking Blogs Business Interviews Media Opinions Photos Top Story Zenith Bank, Cross Rivers, Nigeria, Banking, Economy

Cash squeeze: Kaduna residents turn to petrol stations

By The Insight Team 258 3
Kaduna residents have turned to petrol filling stations for salvation in their desperate search for cash to satisfy their pressing needs, reports the News Agency of Nigeria (NAN). This development is sequel to scarcity of cash in Automated Teller Machines (ATM) of most banks in the metropolis, just as PoS operators have closed shop for […]Continue Reading
Emefiele
Banking Blogs Business Media Opinions Top Story Zenith Bank, Cross Rivers, Nigeria, Banking, Economy

Is Nigeria prepared for Emefiele’s cashless policy?

By The Insight Team 275 2
Cashless monetary policy is the way to go, but Nigeria needs to deepen digital literacy as the starting point. By Daniel Adaji Key points: Internet penetration is barely above average Digital literary is also not impressive 36 per cent of Nigerians, over 50 million, are not literate Poor Nigerians cannot procure android mobile phones for […]Continue Reading
Osibanjo
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Cashless system helps in tracking election financing — Osinbajo

By The Insight Team 210 2
Vice President Yemi Osinbajo says a cashless policy, when effectively operated in Nigeria, can help stem the surge of illicit election financing by making it possible to track funds. Osinbajo’s spokesman, Laolu Akande, in a statement on Monday in Abuja, said the vice president received a delegation of the EU Election Observation Mission led by […]Continue Reading
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