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Cashless policy

Moghalu Cautions CBN’s Emefiele Against Criminalising Cash

The former Deputy Governor of the Central Bank of Nigeria (CBN), Kingsley Moghalu, has warned the financial regulator not to criminalise cash transactions in Nigeria. Moghalu, in a post on his Twitter page on Thursday, 23 March 2023, said the purpose of

March 23, 2023

Currency

NFIU Bans Cash Withdrawal From Govt Accounts

The Nigerian Financial Intelligence Unit (NFIU) has banned cash withdrawals from accounts belonging to the Federal Government, all its agencies, states and local governments. The agency also announced new guidelines for compliance by all financial institutions, non-financial institutions, public officials, and foreign

January 6, 2023

Currency

CBN’s New Cash Withdrawal Limit Pushing Cashless Policy Too Hard, Says Dr Mbamalu

The Central Bank of Nigeria’s new cash withdrawal limits for daily and weekly transactions is unsustainable but will speed up cashless policy adoption by Nigerians. Dr Marcel Mbamalu, CEO of Newstide Publications Limited, publishers of Prime Business Africa, expressed this view on

December 7, 2022

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Cashless policy

Moghalu Cautions CBN’s Emefiele Against Criminalising Cash

NFIU Bans Cash Withdrawal From Govt Accounts

CBN’s New Cash Withdrawal Limit Pushing Cashless Policy Too Hard, Says Dr Mbamalu

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