The Central Bank of Nigeria (CBN) has said that it would sanction any merchant that failed to comply with its directives on cash-lite banking. Cash-lite banking refers to the process of carrying light cash around. It was adopted as a replacement for cashless banking, which CBN believe d has been […]

The Nigerian Stock Exchange (NSE) has said it would intensify efforts in the dematerialisation of share certificates in the stock market as a way of improving liquidity in the market. Dematerialisation is the conversion of share certifications from paper form into electronic form. While some investors have dematerialised their shares […]

The Central Bank on Monday kicked off its six region public sector enlightenment forum on the implementation of end-to-end electronic payment of all forms of government, taxes, salaries and pensions in the country. A statement by the bank on Tuesday said, “As part of efforts to ensure that its ambition […]