Abstract
This research work examines the impact of cashless policy on the profitability of commercial banks in Nigeria. Thus it analyses critically to the very beginning, the introduction of cashless policy in banking business in Nigeria. The cashless system has become necessary to promote the use of electronic means of transaction towards making Nigeria a cashless economy in the nearest future, where clumsy and expensive-to handle coins and notes are replaced by efficient electronic payments system. It discusses how the new policy directs banks to cease cash-in-transit lodgement services hitherto rendered to merchant customers. The banks are to engage the services of the Central Bank of Nigeria (CBN) licensed cash-in-transit ( CIT) companies to aid cash movements to and from their banks at mutually agreed terms. The CBN has stipulated appropriate sanction against banks that flout the ban on cash-in-transit lodgement services. Thus research objectives, questions and hypothesis were formulated, questionnaire were distributed to fifty staff of fidelity bank Jos main market Plateau state. According to the data analyzed the findings shows that cashless policy has significant impact on commercial banks profitability, growth of commercial banks and development of the economy.
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This study assessed the use of computer in teaching and learning of Basic Technology in secondary schools in Orumba South L.G.A....
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What if the transportation section, stagnant, almost every section of any given economy will not perform well as expected. Te im...
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This study investigated the impact of external debt on economic growth in selected Sub-Sahara African Countries using time serie...
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Traditionally, buildings were designed based on the pre conditions given by the surrounding environment, along with available na...
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This study examines the Impact of Cashless Policy on the Performance of Nigeria Financial Institutions. This s...
Background of the study
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This research study is a comparative analysis of computerized accounting system and manual accounting system with reference to A...
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This study was carried out to examine the examine the impacts of acc...
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