Before June 2014, Central Bank of Nigeria has said the cashless policy will be extended nationwide. This policy is presently in operation in some states like Lagos and huge success have been recorded in this states.
Payments are now made in these states through POS....
Eighteen months after the Central Bank of Nigeria commenced the cash-less policy in Lagos, electronic transactions have increased to 20 per cent from less than five per cent.
A report by the Financial Derivatives Company Limited, presented by Mr. Bismarck Rewane, stated, “In the first...
