Sunday , January 19 2025

Tag Archives: Cashless Economy

Are there Really Cashless Economies?

Are there Really Cashless Economies?

By Yvonne-Faith Elaigwu, Head of Operations and Governance, OnePipe ‘Cashless’ has probably become one of the most popular words in Nigeria in the last few months. While it can be defined in different ways, it has one universal meaning and is characterised by the exchange of funds for goods and …

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Is Nigeria Really a Cash Economy?

It is important to correctly distinguish between Nigeria as a cash economy (due to poor credit system) and Nigeria as a low cash economy in terms of physical cash or currency in circulation.

By Taiwo Oyedele In a strict sense, cash is used to describe notes and coins issued by the Central Bank, as distinct from cheques, bank deposits or credit. Let’s call it currency or “Hard Cash”. In a broader sense, cash is synonymous to money which includes currency and cash equivalents …

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SystemSpecs MD, John Obaro Makes Case for Digitization

The Managing Director of SystemSpecs, John Obaro, has enjoined government, regulators as well as other players in the private and public sectors of the Nigerian economy to leverage technology to tackle the menace of corruption and illicit flow of funds. Obaro made this disclosure as he shared thoughts during a …

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