CBN’s swap policy shows cash is king in Nigeria
Nigeria is moving toward a full-fledged cashless society with the Central Bank of Nigeria’s introduction of the cash swap policy.
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Nigeria is moving toward a full-fledged cashless society with the Central Bank of Nigeria’s introduction of the cash swap policy.
The Independence National Electoral Commission (INEC) has reduced the number of polling units ahead of the general elections which will begin on February 25.
A report by the Nigeria Extractive Industries Transparency Initiative (NEITI) revealed that the amount spent by the country on subsidies between 2005 and 2021, would have constructed three refineries with the capacity to refine 450,000 barrels of crude per day each.
About 4 of every 10 Nigerians are multidimensionally poor and experience deprivation in at least one of the Living standard-related deprivations that the National MPI 2022 captures for each household.
Nigeria is a country blessed with many resources. A young vibrant population, abundant mineral resources (which are either not fully explored or whose potentials are exploited by only a few in power). Besides, the country’s diaspora population has swag when it comes to impact. Or how do you beat the remittances of US$25 billion which according to PwC, represented 6.1% of GDP in 2018?