Africa-Press Nigeria:<\/p>\n
The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has said that electronic transaction volumes increased by about 67 per cent during the COVID-19 lockdown with increased transactions at agent networks.<\/p>\n
This is contained in a statement issued by Nelson Olagundoye, Head, Corporate Communication and External Relation, Chartered Institute of Bankers of Nigeria (CIBN) in Lagos on Thursday.<\/p>\n
Mr Olagundoye quoted Mr Emefiele as saying this during the 20th edition of the National Seminar on Banking and Allied Matters for Judges.<\/p>\n
The seminar was organised by the CIBN, in collaboration with the National Judicial Institute (NJI), under the auspices of the Bankers Committee of CBN.<\/p>\n
Mr Emefiele was represented by the Deputy Governor of CBN, Aisha Ahmad, at the seminar.<\/p>\n
The CBN governor said the payment system infrastructure accommodated the surge as more citizens moved to electronic channels.<\/p>\n
He said the banking and payments system was able to retain its operational resilience, maintaining availability of electronic payment and mobile banking channels.<\/p>\n
Mr Emefiele, who highlighted the role of technology, noted that this was in the face of the COVID-19 pandemic, which has \u2018\u2019unraveled itself as a global health and economic crisis of seismic proportions\u2019\u2019.<\/p>\n
He said that domestic and international travel and global trade value chains had suffered severe disruptions, with significant negative impact on financial markets, financial services industry, oil and gas, health, transport & aviation, education, hospitality and tourism, to mention just a few.<\/p>\n","protected":false},"excerpt":{"rendered":"
Africa-Press Nigeria: The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has said that electronic transaction volumes increased by about 67 per cent during the COVID-19 lockdown with increased transactions at agent networks. This is contained in a statement issued by Nelson Olagundoye, Head, Corporate Communication and External Relation, Chartered Institute of Bankers of Nigeria […]<\/p>\n","protected":false},"author":62,"featured_media":8947,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[503,653],"class_list":["post-32268","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-cbn","tag-emefiele"],"yoast_head":"\n