How CBN’s cashless policy crashed Nigeria’s GDP in Q1
Nigeria’s N200 trillion economy was in dire straits due to banks’ temporarily shut-down to stranded Nigerians.
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Cash outside banking system hits 88%, CBN fumes
Nigerians encountered challenges with the apex bank policy, with failed transactions, poor network and lack of cash dotting the country’s landscape between January and March.
Note to Tinubu: Monetary, fiscal authorities working at cross purposes
A typical example of the monetary and the fiscal policies misalignment is the recent Central Bank of Nigeria (CBN) cashless policy which was planned without consultations with the Ministry of Finance.
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Nigeria loses N20tn to Emefiele’s tactless naira policy
The CBN has failed to implement the referenced Supreme Court judgment which nullified the policy and declared it as an affront on the 1999 Constitution.
Nigerians groan as poor implementation mars CBN’s cashless policy(1)
Nigeria’s cashless policy has since cause a lot of ‘discomfort’ despite the touted advantages by the apex bank.
Cash redesign policy fails to halt naira free fall
Contrary to the views expressed by some financial experts that the Central Bank of Nigeria (CBN)’s naira redesign policy will strengthen the currency, it has turned out to weaken it against the dollar.
Cash crunch likely to influence vote-buying during 2023 elections
With the current cash shortages amid an election, what is the fate of the election, given the history of vote-buying in previous elections?
Volume of e-payment transactions reflects Nigeria’s cashless policy progress
The volume of e-payment transactions in the last 10 years show that Nigeria has made progress on the cashless policy.
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.