• Advert Rate
Wednesday, February 1, 2023
  • Login
TVC News
  • NEWS
    • Politics
      • World News
    • Business
    • Sport
    • Entertainment
    • Health
  • Election 2023
  • Journalist Hangout
  • Issue With Jide
  • Trending Video
  • More
    • Advert Rate
    • Contact Us
    • Privacy Policy
    • Cookies Policy
No Result
View All Result
  • NEWS
    • Politics
      • World News
    • Business
    • Sport
    • Entertainment
    • Health
  • Election 2023
  • Journalist Hangout
  • Issue With Jide
  • Trending Video
  • More
    • Advert Rate
    • Contact Us
    • Privacy Policy
    • Cookies Policy
No Result
View All Result
TVC News
No Result
View All Result

Senate to debate Central Bank’s Cashless Policy at Plenary

Senate to Debate Cashless Policy at Plenary

Senate Plenary

The Nigerian Senate has scheduled next Tuesday to debate a motion on the new policy of the Central Bank of Nigeria which limits weekly cash withdrawal to N100,000.

 

 

Advertisement

This was after a failed attempt by Senator representing the FCT, Phillip Aduda, seeking to address some concerns that have trailed the new policy that seeks to limit cash withdrawal by any individual to N100,000 and Corporate bodies to N500,000 per week from January 9, 2023.

 

Recall that the Nigerian Senate had in an earlier debate resolved to invite the Governor of the Apex Bank Godwin Emiefele to respond to questions and concerns raised so far concerning its new policies.

Advertisement

 

The Central Bank of Nigeria had as part of the Cashless Policy introduced newly redesigned Naira notes which will become legal tender on the 15th of December and has also rolled out a series of measures aimed at accelerating the implementation of the Policy.

The measures as announced through a Circular signed by the Bank’s Director of Banking Supervision include A daily POS/ATM withdrawal limit of 20000 Naira, a Weekly withdrawal Limit of 100000 Naira for Individuals, 500000 Naira for Corporate organisations and the lowering of the Denominations of notes available through the Automated Teller Machines.

Advertisement

The measures have as expected been generating mixed reactions from different quarters and the decision of the Senate to debate it at plenary is a measure of how crucial the policy is.

While Economists like Samson Aboyeji of Honeytweet Academy in Southampton the United Kingdom has applauded the Policy as the way to go and a very good move by the Federal Government.

Advertisement

He also added that it will help in reducing insecurity, eradicate Crime and also create Millions of employment with the nations’ move towards a cashless and Digital Economy.

He added that it will also ensure that the cost of printing new notes regularly will be considerably reduced.

Though Others like the association of POS Operators are up in arms against the Policy.

Advertisement

 

 

Advertisement
Next Post

Sanwo-Olu commiserates with Gafaru Buraimoh family

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Health

FG embarks on cervical self-test awareness campaign to prevent disease

FG embarks on cervical self-test awareness campaign to prevent disease

by tvcnews
January 23, 2023
0

  The government of the United States is backing the federal government's interest in having women and girls have cervical...

FG establishes Wellness Centre For Civil Servants

FG establishes Wellness Centre For Civil Servants

by tvcnews
January 23, 2023
0

  The federal government has established a Wellness Center for Federal Civil Servants in an effort to reduce preventable medical...

Government not doing enough in deploying health services-Consultant

Government not doing enough in deploying health services-Consultant

by tvcnews
January 23, 2023
0

  A Public Health Consultant, Tuyi Mebawondu says Nigeria's policy cannot be based on luck. He stated this on the...

Kogi emerges best performing state in Primary healthcare delivery

Kogi emerges best performing state in World bank’s Anrin Project

by tvcnewsng
January 23, 2023
0

Kogi State has emerged the Best Performing State in the World Bank-supported Accelerating Nutrition Results in Nigeria (ANRiN) project, outshining...

Ekiti first lady charges health workers, women on free cervical cancer screening

by tvcnewsng
January 23, 2023
0

Wife of the Ekiti State governor, Olayemi Oyebanji, has urged health workers in the 10 designated health facilities in Ekiti...

TRENDING

TINUBU HAS RENEWED OUR HOPE IN DEVELOPMENT, NIGERIA - CROSS RIVER APC
Latest News

Tinubu has Renewed Our Hope in Development – Cross River APC

by TVCN
February 1, 2023
0

The Cross Rivers chapter of the All Progressives Congress has commended the party's Presidential Campaign Council for listening to the...

Read more
NOA Partners NURTW To Sensitise Citizens On Naira Redesign
Latest News

NOA Partners NURTW To Sensitise Citizens On Naira Redesign

by tvcnews
February 1, 2023
0

Following the shift in deadline for the total withdrawal of 200, 500 and 1000 old naira notes, the national orientation...

Read more
WOMEN IN POLITICS IN NIGERIA, THE MI8SSING PERSPECTIVES AND MEDIA ACCESS - LUBA KASSOVA
Latest News

Women in Politics and Access to Media in Nigeria – Luba Kassova

by TVCN
February 1, 2023
0

In less than a month’s time, Nigeria – the world’s sixth most populous country, whose parliament currently consists of 96%...

Read more
Load More
Nigeria News

We bring you all the latest and breaking news happening in Nigeria. You will also find interesting headline topics from news from around the world on different topical issues in Politics, Health, Business, Entertainment, Environment, Sports, and more.

Follow Us

  • HOME
  • Privacy & Policy
  • ADVERT RATE
  • Contact

© 2022 TVC Communications - Owner of TVC News

No Result
View All Result
  • NEWS
    • Politics
      • World News
    • Business
    • Sport
    • Entertainment
    • Health
  • Election 2023
  • Journalist Hangout
  • Issue With Jide
  • Trending Video
  • More
    • Advert Rate
    • Contact Us
    • Privacy Policy
    • Cookies Policy

© 2022 TVC Communications - Owner of TVC News

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In