Central Banking

Nigeria to get more efficient payment system

The Central Bank of Nigeria (CBN) is to implement a robust and more efficient payment system in the country, the official News Agency of Nigeria reported on Monday 4 December.

CBN Governor Charles Soludo was quoted as saying that Nigeria desired a payment system that would "not only meet the challenges of the time but also help to propel the economy along desired path. "

In a keynote address at the opening of a three-day seminar in Ibadan, southwest Nigeria on Monday, Soludo said Nigeria would