CBN’s POLICY ON CASHLESS ECONOMY & CONTRAVENTION FINES FOR CUSTOMERS

The Central Bank of Nigeria (CBN) has introduced a Cash limit policy which is to enhance the Nigerian Payment system, reduce the use of cash in payments for goods/services and improve the use of Electronic Payment Systems. This Cash Limit Policy will officially kick off on June 1 2012 nationwide but will first become operational in major cities of Lagos State, FCT, Port Harcourt, Kano and Aba. Also note that the pilot run will commence in Lagos as from January 01, 2012.

Using the CBN’s Policy and contravention fines, and using N300, 000 for Individual Customers and N2, 000,000 for Corporate Customers as an example, the applicable Penalty charges would be as follows:

CBN Directive	Default Excess Sample	Penalty Charge for Customers
Individual Customers daily Cash Lodgement/Withdrawal limit = N150, 000.	Default excess sample = N300,000	Penalty charge on excess sum of N150, 000 is N15, 000 @ N100 perN1, 000.
Corporate Customers daily Cash Lodgement/Withdrawal limit = N1, 000,000.	Default excess sample = N2, 000,000	Penalty charge on excess sum of N1,000,000 is N200,000 @ N200 per N1,000

Enterprise Bank Ltd, has taken a critical look at this policy and how it affects the high cost of doing transactions by our esteemed Customers (both withdrawal and deposits) and proffers solutions to these limitations which might hinder business transactions if not checked:

HOW TO DOWNLOAD YOUTUBE VIDEOS IN JUST 2 MINUTES!

I was trying to download some YouTube Videos and some other videos I found useful but don’t really know how to do that. I went to google it but it brought out a lot and lots of infos that it took me the whole day reading and reading.  But finally I got it! So relax and share with me.

You can’t be online all the time, there is a lot of great content that you might want to download and watch offline. The easiest and quickest method is as follows:

Getting More Views and Traffic

While surfing the net on how to attract more visitors to your site or post, I stumbled on this post by WordPress.com so I decided to share it with you because it will be of great help to you.

Here are the tips:

Tell people in your online social networks about your new post.

You can do this using WordPress.com’s Publicize feature, which will automatically tell your Twitter followers and Facebook friends as soon as you publish a new post. You can find more ideas in their Social Tools support pages.

What is Adsense?

AdSense is a wonderful advertising concept that was conceived by Google some time back. Though new advertising concepts keep coming up all the time, this one is something that is altogether different.

Now that we’ve covered those aspects of adsense, let’s turn to some of the other factors that need to be considered.

AdSense (Google’s advertising program) presents an earning opportunity to the website owners by allowing Google to post advertisements on their websites. These advertisements are either text advertisements or image based advertisements. Of course, the website owners need to enroll to the AdSense program through Google’s website (https://www.google.com/AdSense).