By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Ecobank Nigeria is supporting the cashlite initiative of the Central Bank of Nigeria (CBN) with card 4 prizes promo. The Bank in a Statement made available to InvestAdvocate in Lagos Nigeria said the promo is part of efforts in supporting the use of alternative payment […]
Tag: Cashless
CBN, stakeholders meet on cash-less policy
The Central Bank of Nigeria has advised banks and Bureau de Change operators on the need to sensitise their customers to the cash-less policy. According to the News Agency of Nigeria, a Deputy Governor in CBN, Mr. Tunde Lemo, told the audience at a stakeholders meeting recently to update their […]
Cashing of third-party cheques above N150,000 stops today
The cash-less policy of the Central Bank of Nigeria enters a new phase today (Monday) as the maximum ceiling of N150,000 placed on conversion of third-party cheques to cash by individuals takes off. The implication is that any cheque above N150,000 originating from a third party must be lodged into […]
