October 21, 2019/CBN Further to our previous circular on “Implementation of the Cash-less Policy” please be informed that currently, the following are the existing exemptions until March 31, 2020 when it will be reviewed: a) Revenue generating accounts of the Federal, State and Local Governments b) Embassies, Diplomatic Missions, Multilateral […]
Money Market
Mastercard Launches Payment on Delivery Driving Real-Time Payments Adoption
October 21, 2019/Mastercard Mastercard on Sunday unveiled Payment on Delivery, a new solution allowing businesses to pay a supplier in real-time when receiving goods or services. The company is piloting the program with PNC Bank, which leverages the RTP® network from The Clearing House for real-time payments clearing and settlement […]
CBN Unveils 2018 Financial Stability Report
October 18, 2019/CBN Global output growth declined to 3.70 per cent in 2018 from 3.80 per cent achieved in 2017, largely underpinned by dwindling consumer demand, decline in oil prices and weak financial markets. Global inflation trended upward, owing mainly to the pass-through effect of currency depreciation, especially for most […]
