The impact of CBN cashless policy on operation of banks in Nigeria - case study of UBA, Nigeria Department: Banking and Finance By: samadchuks Project ID: 4655 Rating: (5.0) votes: 1Rate this project12345 Price:₦3000 Get the Complete MaterialAbstractRecently in Nigeria issues on the CBN cashless policy have constituted the themes and subject matters of many workshops, conferences and symposia. Banking today is undergoing a radical transformation. The symptoms are obvious news products, new players, new channels. E-payment involves every financial transaction that is done without the physical cash. This covers both card payments and mobile payments. They have also made headlines on pages of the national dailies and periodicals and have become subjects of discussions in learned circles. The considerations range from the constitutionality of the policy its economic advantage/disadvantage and criticisms. The robust interest which the policy has generated is hardly surprising considering the enormous implications its applicability will have on the lines of ordinary Nigerian’s and the business environment. A cashless policy is an environment in which money is spent without being physically carried from one person to the other. The first issue in the cashless policy is the issue of an electronic purse. This is electronic information that is transmitted to a device that reveals the information about how much a person has stored in the bank and how much he can spend. An attempt is made in this paper to critically appraise to pros and cons of the cashless policy within the context of socio-economic realities in Nigeria, with a view to determining its workability as intended by the apex bank. The paper also contains some considered recommendations for reforms. It was recommended that the management of the banks could perform their duties effectively by having a good and clear understanding of the environmental factors....Preview Download Preview +Other Banking and Finance project topics and materials you might be interested in»The role of central bank of Nigeria (CBN) in the development of Nigeria financial sector»Appraisal of the economic implication of electronic banking in Nigerian banks (A case study of diamond bank)»The impact of strategic planning on banks performance in Nigeria (A case study of united bank for Africa plc)»Evaluation of the impact of liquidity management on banks performance in Nigeria ( A case study of UBA )»The roles of central bank of Nigeria in the prevention of bank failure or liquidation (A case study of central bank of Nigeria 2005-2009)»The role of financial institutions in promoting banking habit and saving capital formation in Nigeria»The effect of electronic banking on fraud reduction in bank (A case study of access bank plc)»The effectiveness of monetary policy measures in controlling inflation in Nigeria»Problems and challenges facing finance houses in the Nigerian economy ( A case study of mortgage bank owerri )»The role of deposit money bank in Nigeria in economy development in Nigeria - a case study of Access Bank Plc»Motivation as a way of reducing fraud in banking industry ( A case study of UBA and Fidelity bank )»The impact of insurance industry on the economic growth of Nigeria (A case study of nicon and hallmark insurance companies 2005-2009)»Identification and management of bad debts in Nigeria commercial banks(A case study of UBA plc)»The contribution and effect of computer to modern day banking in Nigeria (A case study of zenith bank and first bank plc)»The use of accounting information in assessing control and performance in an organization (A case study of first bank of Nigeria owerri)