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.
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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?
Cash-strapped Nigerians besiege POS locations despite over 20% charges
Cash-strapped Nigerians are thronging point-of-sale shops despite over 20 percent charged on every withdrawal
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.
Naira redesign: N200 constitutes 9.2% of seven-year currency in circulation
In the seven years reviewed, the lowest number of N200 notes was recorded in 2015 when 401.63 million pieces were put into circulation. This year, N1000 and N500 have had the highest volumes in circulation, with 1.011 billion and 1.322 billion pieces, respectively.
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Anger spreads as CBN-induced cash crunch bites rural communities
Meanwhile President Muhammadu Buhari has asked the CBN to re-circulate old N200 notes till April 10 to enable Nigerians heave a sigh of relief. He said this during his broadcast on Thursday morning, noting that he was concerned about the impact of the monetary policy. He said those in possession of old N500 and N1000 notes could return them to the CBN by April 10.
Naira crisis worsens days after Buhari’s pledge
President Muhammadu Buhari has failed to deliver on his promise to resolve naira crisis after seven days.