Cash-Less Nigeria Project Overview

Implementation Modalities of the Cash-Less Nigeria Project The Cash-Less Nigeria Policy was heralded with the setting of Cash Withdrawal and Lodgement Limits The Central Bank of Nigeria (CBN) introduced the policy with a pilot run in Lagos The policy was meant to reduce the volume of physical cash transactions in the economy ➤ Pilot run in Lagos commenced from April 1, 2012 with a daily cumulative limit of N500,000 and N3,000,000 on cash withdrawals and lodgments by individuals and corporate customers respectively without attracting any processing fees NIB

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