The Central Bank of Nigeria has directed all deposit money banks to stop the cashing of third-party cheques above N150,000 over the counter in all the states starting from June 1, 2013. The apex bank in a circular on Monday said it had been observed that the policy had succeeded […]
Tag: Cash-less
Lagos records 76% cash-less business transactions –Survey
A total of 76 per cent of business transactions in Lagos is done using cash-less facilities provided by the Central Bank of Nigeria, a survey by the Lagos Chamber of Commerce and Industry has revealed. The survey, which was contained in the Cash-less Lagos Report made available to our correspondent […]
Cash-less: US grants banks N80m for data recovery
The United States Trade and Development Agency has provided a grant of N80m ($510,000) for the establishment of a Disaster Recovery Centre to fortify and protect e-payment transactions in the country. The Head Shared Services, CBN, Mr. Chidi Umeano, who made this known in Lagos, said the grant would be […]
