Tag: Cashless Policy
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Cashless policy: CBN begs Nigerians to embrace e-naira transactions
The Central Bank of Nigeria (CBN) on Thursday called on Nigerians to embrace the nation’s digital payment channel (eNaira) to enhance its cashless policy.
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No deadline for going cashless – CBN
The Central Bank of Nigeria (CBN) has disclosed there is no deadline for Nigeria to go cashless and that options are just being presented to widen payment platforms and make them available for Nigerians.
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Just In: NLC Suspends proposed nationwide strike over Naira scarcity
The Nigeria Labour Congress (NLC), has suspended its strike scheduled to commence tomorrow, Wednesday, March 29, 2023, over Naira scarcity rocking the country. The suspension of the nationwide strike over naira scarcity was made known on Tuesday at the end of its National Executive Council meeting. Recall that the pressure group earlier disclosed that it…
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Strike over cash crunch: We’re discussing with organised labour – Ngige
…says we’ve apprehended the situation The minister of labour and employment, Chris Ngige, has said that the federal government has started a conciliatory move with the Nigeria Labour Congress (NLC) over organised pabour’s threat to embark on an industrial strike to register their anger over cash crunch. TheNewsGuru.com, (TNG) recalls that the NLC had…
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Relief for Nigerians as banks confirm receiving enough cash, load ATMs
The Central Bank of Nigeria has released more old notes to Deposit Money Banks as the apex bank steps up efforts to flood the economy with more cash after a prolonged cash crunch that has made life difficult for millions of Nigerians and residents. TheNewsGuru.com, (TNG) recalls the apex bank had last Thursday begun the…
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Despite cashless policy: Nigeria’s inflation rate rises further to 21.91% in February 2023
Despite the imposed cashless policy by CBN, Nigeria’s inflation rate climbed to a new 17-year high of 21.91% in February 2023, representing a 0.09% point increase when compared to the 21.82% recorded in the previous month. This is according to the recently released Consumer Price Index (CPI) report by the National Bureau of Statistics (NBS).…
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LAGOS BUS-TRAIN CRASH: “If not for this cashless policy, my daughter would not have followed that bus”-Father of deceased cries out
Femi Aina, father of Oreoluwa, deceased of Thursday accident when a Lagos State Government staff bus collided with a train in the PWD area of the state, has said “if not for this cashless nonsense policy” his daughter, a National Youth Service Corps member (NYSC), would not have followed the bus. In his words: “If…
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Cash swap: 10 states to file contempt charges against FG, CBN
…Kogi, Zamfara, Ekiti, Ondo, Sokoto and others Ten states have concluded plans to file contempt charges against the Federal Government (FG) and the Central Bank of Nigeria (CBN) over their non-compliance with the March 3 judgement of the Supreme Court on the extension of the validity of the old naira notes. TheNewsGuru.com, (TNG) recalls…
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Naira redesign: It’s a soothing relief to all Nigerians-Adegboruwa, SAN hails SC verdict
…Buhari should immediately effect order A senior lawyer Ebun-Olu Adegboruwa, SAN has hailed the Supreme Court over its verdict on nullifying the ban on use of the old N200, N500 and N1000 banknotes. Olu-Adegboruwa reacted immediately after the court verdict declaring that the judgement is a courageous confirmation of the sanctity of the rule of…
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Just In:Supreme Court declares N200, N500, N1000 legal tender till Dec 2023
Finally, the Supreme Court, on Friday, nullified the ban on use of the old N200, N500 and N1000 banknotes as legal tenders. The apex court, in a unanimous decision by a seven-member panel of Justices, held that the old banknotes should remain valid legal tenders until December 31. It held that the old Naira notes…