By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
News.ngNews.ng
  • Home
  • World
  • Business
  • Entertainment
  • Politics
  • Sports
Search

Archives

  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022

Categories

  • Business
  • Celebrities
  • Education
  • Entertainment
  • Finance
  • News
  • Politics
  • Sports
  • Video
  • World
© 2022 News Network. All Rights Reserved.
Reading: Emefiele: Nigeria, CBN ready for cashless economy
Share
Notification Show More
Latest News
George Akume's political relevance soars as he becomes SGF, wife heads to House of Reps
George Akume’s political relevance soars as he becomes SGF, wife heads to House of Reps
Politics News
Help! Nigeria’s ‘celebrated witch’ in need of a car
Help! Nigeria’s ‘celebrated witch’ in need of a car
Entertainment
Toke Makinwa: Finding peace after betrayal, infidelity
Toke Makinwa: Finding peace after betrayal, infidelity
Entertainment News
BBNaija’s Hermes redefining relationship for young Nigerians
BBNaija’s Hermes redefining relationship for young Nigerians
Entertainment
Popular Nigerian chef turns ‘babies’ into delicacy
Popular Nigerian chef Hilda Baci turns ‘babies’ into delicacy
Entertainment
Aa
News.ngNews.ng
Aa
  • Home
  • World
  • Business
  • Entertainment
  • Politics
  • Sports
Search
  • Home
  • World
  • Business
  • Entertainment
  • Politics
  • Sports
Follow US
© 2022 News Network. CMG Ltd. All Rights Reserved.
FinanceNews

Emefiele: Nigeria, CBN ready for cashless economy

Goodness Adaoyiche
Last updated: 2022/11/30 at 9:01 AM
Goodness Adaoyiche
Share
1 Min Read
CBN: N200, N500, N1000 notes to be redesigned, circulated by Dec 15
SHARE

Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says the country is prepared to move towards a cashless economy like other countries in the world.

Addressing journalists in Abuja on Thursday, Emefiele noted that the CBN would restrict the volume of cash in circulation in a move to ensure a seamless switch to a cashless economy.

The CBN governor further disclosed that the apex bank would monitor large withdrawals of cash over the counter to check financial crimes.

According to Emefiele, with the redesign and issuance of the new N100, N200 and N500 notes, the CBN will insist that Nigeria goes cashless nationwide.

“The world has moved from predominantly cash to a cashless economy, and I think Nigeria and the Central Bank of Nigeria are prepared to move towards a cashless economy. And that is why following the redesign and issuance of this note, we will insist that cashless will be nationwide,” he said.

According to Emefiele, Nigerians who insist on withdrawing huge amounts of cash over the counter will fill out forms detailing the individual’s data, including their BVN or NIN, which will be submitted to the anti-graft agencies.

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
I have read and agree to the terms & conditions
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share this Article
Facebook Twitter Copy Link Print
Share
Previous Article I have been single for too long – Wizkid declares ”I have been single for too long” – Wizkid declares
Next Article El-Rufai: Tinubu will transform Nigeria like he did in Lagos El-Rufai: Tinubu will transform Nigeria like he did in Lagos

Latest News

George Akume's political relevance soars as he becomes SGF, wife heads to House of Reps
George Akume’s political relevance soars as he becomes SGF, wife heads to House of Reps
Help! Nigeria’s ‘celebrated witch’ in need of a car
Help! Nigeria’s ‘celebrated witch’ in need of a car
Toke Makinwa: Finding peace after betrayal, infidelity
Toke Makinwa: Finding peace after betrayal, infidelity
BBNaija’s Hermes redefining relationship for young Nigerians
BBNaija’s Hermes redefining relationship for young Nigerians
//

We influence millions of users and are the leading news network in Nigeria.

More About News.ng

  • About
  • Contact
  • Advertise
  • Ethics Policy
  • Careers

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

I have read and agree to the terms & conditions
News.ngNews.ng
Follow US

© 2022 News Network. All Rights Reserved.

Removed from reading list

Undo
Go to mobile version
Welcome Back!

Sign in to your account

Lost your password?