Central Bank of Nigeria to extend cashless policy nationwide

Friday, February 28, 2014

The Central Bank of Nigeria (CBN) Acting Governor, Dr. Sarah Alade, Wednesday said the bankers’ committee will not rescind on the plan to extend the cashless policy to other states in the country from July 1.

She insisted that since almost all Nigerian adults, even in the rural areas can boast of mobile phones, cashless policy would be at the reach of everyone.

Alade stated this in Yenagoa while unveiling new security policies to protect bank customers and the business community against electronic fraud, adding that the new strategy would fortify the nation’s economic and financial policies.

Source: This Day Live (link opens in a new window)

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financial inclusion, governance, mobile finance, mobile money