Download Tag: CASHLESS POLICY

CHAPTER ONE INTRODUCTION 1.1 Background of the study The importance of managing the economy effectively cannot be over emphasized. ICT has the power to change, transform lives, influence economic activities and the society. The banking sector is not an exception of this whole change and transformation. Just as the entrance of God’s word gives life, the entrance of information technology into the banking industry gives life and definition to banking ...

CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY The introduction of electronic banking, online transactions and mobile banking in Nigeria has paved way for a new era of development where the use and demand for physical cash is gradually declining. These recent evolution of technology in the Nigerian financial institutions posses interesting questions for economist, financial institutions, business analyst and the government regarding the current economical status, logistics, and availability ...

CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY The introduction of electronic banking, online transactions and mobile banking in Nigeria has paved way for a new era of development where the use and demand for physical cash is gradually declining. These recent evolution of technology in the Nigerian financial institutions posses interesting questions for economist, financial institutions, business analyst and the government regarding the current economical status, logistics, and availability ...

CHAPTER ONE INTRODUCTION 1.1   BACKGROUND TO THE STUDY Mixed reactions have continued to trail the cashless policy introduced by the Central Bank of Nigeria (CBN) in January 2012. The implementation of the policy commenced in Lagos in 2012 but it was extended to the Federal Capital Territory (FCT), Rivers, Kano, Ogun, Anambra and Abia states in July 2013. While some die-hard cynics describe the policy as just another economic jargon ...

CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY The introduction of electronic banking, online transactions and mobile banking in Nigeria has paved way for a new era of development where the use and demand for physical cash is gradually declining. These recent evolution of technology in the Nigerian financial institutions posses interesting questions for economist, financial institutions, business analyst and the government regarding the current economical status, logistics, and availability ...

ABSTRACT This study examines the effect of cashless policy on the Nigerian economic growth. Nigeria has continued to evolve in different realms. The economy is being reformed, the institutions are being reshaped and legislations are being re-examined so as to reposition the nation to take its rightful position in the international community. As a way of fast-tracking the Nigerian economy so as to he among the first 20 world economies ...

CHAPTER ONE INTRODUCTION 1.1      Background to the Study As at today, Nigeria occupies the unenviable position of number one country in Africa with largest number of people with no access to financial services. According to data compiled by Micro Finance Information Exchange (MIX) last year, Nigeria and the Democratic Republic of Congo were found to have the largest gaps between populations living in poverty and those with no access to ...

ABSTRACT This study titled” Central Bank of Nigeria Cashless Policy and Nigeria Economy (A study of CBN Enugu) intends to drive development and modernization our payment system in line with Nigeria’s vision 2020. The study also intends to investigate whether the efficient and modern payment system is positively correlated with economic development. The study also intends to ensure that the key for economic growth is conducive. The study also intends to investigate ...