Cash-less Nigeria Policy

Central Bank of Nigeria Framework
Summary

Pioneering policy introducing cash handling charges above set thresholds to drive electronic payments adoption, piloted in Lagos before national rollout. Foundation of subsequent cash withdrawal limit regimes.

Applicability

Banks and bank customers nationwide.

Open Source Document ↗
Document Details
Date Issued
01 Jan 2012
Date Effective
01 Jan 2012
Compliance Deadline
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