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  2. Cash-less Nigeria - Wikipedia

    en.wikipedia.org/wiki/Cash-less_Nigeria

    Cash-less Nigeria is a policy established in the year 2012 by the Central Bank of Nigeria to curb excesses in the handling of cash in the Nigerian federation. It prescribed a cash handling charges on daily withdrawal above five hundred thousand Naira (N500,000.00) for individuals and three million Naira for corporate bodies (N3, 000,000.00).

  3. MasterCard CEO Ajay Banga Applauds Cashless Nigeria Policy

    www.aol.com/news/2013-01-14-mastercard-ceo-ajay...

    Stanbic IBTC Bank has taken the Cashless Nigeria drive to new heights by discontinuing the sale of Personal Travel Allowance and Business Travel allowance in their branches. Customers are required ...

  4. Category:Payment systems - Wikipedia

    en.wikipedia.org/wiki/Category:Payment_systems

    C. Caper AI; Cash on delivery; Cash-less Nigeria; Cashless catering; Central Electronic System of Payments; Central securities depository; Certified funds; Certified Payment-Card Industry Security Implementer

  5. Central Bank of Nigeria - Wikipedia

    en.wikipedia.org/wiki/Central_Bank_of_Nigeria

    The Central Bank of Nigeria (CBN) is the central bank and apex monetary authority of Nigeria established by the CBN Act of 1958 and commenced operations on 1 July 1959. [3] The major regulatory objectives of the bank as stated in the CBN Act are to: maintain the external reserves of the country; promote monetary stability and a sound financial environment, and act as a banker of last resort ...

  6. Cashless society - Wikipedia

    en.wikipedia.org/wiki/Cashless_society

    The concept of cash-free bank branches began in Sweden between 2000 and 2005, with a cashless branch being a step towards an upcoming closure of that branch. From around 2008, Swedish banks began giving special hardware to their customers that could be used to process financial transactions (like digital payments of invoices) from home.

  7. Nigerian Security Printing and Minting Company Limited

    en.wikipedia.org/wiki/Nigerian_Security_Printing...

    It is located in both Abuja and Lagos and is majority-owned by the government of Nigeria. [1] In addition to printing the banknotes and the postal orders of Nigeria, it has struck some of the coins of Nigeria. It also prints stamps. The Central Bank of Nigeria (CBN) is the sole issuer of legal tender money throughout the Federation. It controls ...

  8. National Social Investment Program - Wikipedia

    en.wikipedia.org/wiki/National_Social_Investment...

    Nigeria's Conditional Cash Transfer program provides targeted cash transfers to the most vulnerable households with the long-term goal of lifting millions out of poverty. A monthly stipend of N5,000 ($13.89) is given to households in poverty-stricken communities along with an additional N5,000 for families designated as priorities or extreme cases.

  9. Contactless payment - Wikipedia

    en.wikipedia.org/wiki/Contactless_payment

    EMV contactless symbol used on compatible payment terminals. EMV stands for "Europay, Mastercard, and Visa", the three companies that created the standard.Contactless payment systems are credit cards and debit cards, key fobs, smart cards, or other devices, including smartphones and other mobile devices, that use radio-frequency identification (RFID) or near-field communication (NFC) for ...

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