Borrowing from family, friends, and co-workers is common among low-income employees, especially when their take-home allowance is depleted before the month ends or their monthly salary is delayed beyond expectation. Borrowing isn’t necessarily a terrible thing if it’s necessary, but rising debts is what might financially kill you and your aspirations. If you spend more… Read More »

Contrary to global trends, the Nigerian economy was primarily cash-oriented in its transaction of goods and services before the Central Bank of Nigeria implemented a cashless policy in 2011. This study examines the influence of cashless policies on the Nigerian payment system using paired data sets from 2007 to 2017. Cheques, financial transfer channels, and… Read More »