After years of postponement, while sensitizing the populace, the cashless policy looks set to stay.
Some commercial banks in the country have begun issuing reminders to their customers ahead of 1st April 2020 takeoff of CBN's cashless policy.
The CBN has continued to give directives that deepen its cashless policy with its new rule for the use of Point of Sale (PoS) machine.
The Nigerian government has reviewed its policy on stamp duty charges, levied on electronic payment.
Elias Igbinakenzua said the charges on PoS transactions are cheaper and it’s a way to motivate Nigerians to embrace CBN's cashless policy.
The CBN has exempted all revenue-generating accounts of government agencies, and several others from charges on cash withdrawal and deposits.
Nigerians are not here for CBN's (@cenbank) tweet this morning trying to clarify the rather controversial cashless policy.
More reactions have continued to trail the Central Bank of Nigeria’s partial implementation of deposit and withdrawal charges for individuals and companies in Nigeria. #CashlessPolicy
The Lagos Chamber of Commerce and Industry (LCCI) has reacted to the CBN's cashless policy saying time frame is disruptive.
See what PwC Nigeria's (@PwC_Nigeria) Tax Lead, @taiwoyedele, said about Central Bank of Nigeria's (@cenbank) newly-implemented cashless policy.