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Showing posts with label CASHLESS POLICY. Show all posts
Showing posts with label CASHLESS POLICY. Show all posts

Tuesday, March 20, 2012

CASHLESS POLICY: CBN buckles, shifts kick-off date

2:11 AM Emma Blogs

CASHLESS POLICY: CBN buckles, shifts kick-off date

 

On March 20, 2012 · 
By Babajide Komolafe & Favour Nnabugwu
LAGOS— The Central Bank of Nigeria (CBN) said yesterday that it has postponed nationwide implementation of the cashless policy till January 1, 2013 and also granted partial exemption to ministries, parastatals and agencies  (MDAs) only for the purposes of revenue collection.
This was  part of the amendments to the cashless policy announced in a statement issued yesterday and signed by the Head Corporate Communications, CBN, Alhaji Abdullai Mohammed. The statement was  entitled, “REVIEW OF INDUSTRY POLICY ON RETAIL CASH COLLECTION AND LODGEMENT.”
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