Effect Of Central Bank Of Nigeria Cashless Policy On Tile Financial Sector In Nigeria.
ABSTRACT
The study investigates the effect of cashless policy on the financial sector in Nigeria. to achieve
this broad objectives, the study investigated the effect ofATM banking instrument, POS banking
instrument, mobile phone banking instrument and interment banking instrument on financial
sector output in Nigeria. The study covered the period 2003 to 2016 and data were collected
from the Central Bank of Nigeria (CBN) Statistical Bulletin. The Ordinary Least Square (OLS)
multiple regression analysis was used to analyze the data collected. Finding showed that A Liv!
banking instrument, P08 banking instrument and mobile phone banking instrument had positive
and signIcant effect on financial sector output in Nigeria. In conclusion, the study argued that
cashless policy had a significant effect on financial sector in Nigeria. There/Crc, the study
recommended that commercial banks in Nigeria should create increased awareness in the use of
ATIV/ P05 and mobile phone banking instruments so as to increase financial sector output in
Nigeria.
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ISU, B (2021). Effect Of Central Bank Of Nigeria Cashless Policy On Tile Financial Sector In Nigeria.. Repository.mouau.edu.ng: Retrieved May 18, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-central-bank-of-nigeria-cashless-policy-on-tile-financial-sector-in-nigeria-7-2
BLESSING, ISU. "Effect Of Central Bank Of Nigeria Cashless Policy On Tile Financial Sector In Nigeria." Repository.mouau.edu.ng. Repository.mouau.edu.ng, 09 Jun. 2021, https://repository.mouau.edu.ng/work/view/effect-of-central-bank-of-nigeria-cashless-policy-on-tile-financial-sector-in-nigeria-7-2. Accessed 18 May. 2024.
BLESSING, ISU. "Effect Of Central Bank Of Nigeria Cashless Policy On Tile Financial Sector In Nigeria.". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 09 Jun. 2021. Web. 18 May. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-central-bank-of-nigeria-cashless-policy-on-tile-financial-sector-in-nigeria-7-2 >.
BLESSING, ISU. "Effect Of Central Bank Of Nigeria Cashless Policy On Tile Financial Sector In Nigeria." Repository.mouau.edu.ng (2021). Accessed 18 May. 2024. https://repository.mouau.edu.ng/work/view/effect-of-central-bank-of-nigeria-cashless-policy-on-tile-financial-sector-in-nigeria-7-2