Archives Tag: Cashless Society
Cashless Society: POS Transaction to Hit N24 Billion Per Month
April 19, 2022
Point of Sales, (POS) transaction has grown significantly from N38 million per month in 2012 to N24 billion monthly in June 2014 the Central Bank of Nigeria, CBN, has announced. The CBN stated this in a report published on the monitoring of e-payment transactions since the introduction of the cashless policy in the country. … Continue reading Cashless Society: POS Transaction to Hit N24 Billion Per Month
CBN Cashless Policy Commences Nationwide
April 19, 2022
The CBN’s cashless monetary policy enforcement is set to begin nationwide in July 2014. The pilot program started in Lagos in July 2012, and subsequently in other states; Rivers, Anambra, Kano, Abia, Ogun and the FCT in July 2013. The cashless monetary policy enacted during the tenure of Mallam Sanusi Lamido affects all accounts- corporate or … Continue reading CBN Cashless Policy Commences Nationwide
