CBN Urge Nigerians to Embrace Alternative Payment Channels

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The Central Bank of Nigeria, CBN, has urged Nigerians to embrace alternative payment channels like the eNaira and internet banking.

CBN Director, Corporate Communications Department, Osita Nwanusobi, explained that the new naira policy is not in any way targeted at any individual as being insinuated in the public domain.

Nwanisobi noted that the aim is to make the country’s monetary policy decisions more efficacious, stating that Nigerians could observe a downward trend in inflation, and the exchange rates have been relatively stable.

The Director assured that the Nigerian payment system infrastructure is robust enough to handle the surge in transaction volumes across all channels.

Written by: Helen Obih

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The Independent National Electoral Commission, INEC, has said that election will not hold in 240 polling units across 28 states and the Federal Capital Territory. INEC Chairman, Mahmood Yakubu, stated this during a meeting with political parties on Monday. Yakubu noted that no voter indicated interest to transfer to those units, during the last Continuous Voter Registration due to insecurity. The Chairman added that the Commission would make a comprehensive […]

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