Coronavirus: CBN Advises Adoption of Alternative Payment Methods

BREAKING: CBN Technically Devalues Naira in I&E Window

On Tuesday, the Central Bank of Nigeria (CBN) has advised Nigerians to adopt other alternative payment methods, such as wire transfers, to prevent the spread of the coronavirus.

CBN’s director of corporate communications, Isaac Okoroafor, gave the advice in a telephone interview with the Nigeria News Agency in Lagos.

He said that one of the ways that people could come into contact with the disease was to touch a surface or object that contained the virus and then touch the mouth, nose or possibly the eyes.

“In times like these, it is advisable for Nigerians to adopt alternative payment methods, such as wire transfers, Internet banking, USSD, etc., to prevent contraction of Covid-19.

“Naira’s note is a surface that people touch every day. It would be wise to wash your hands after handling money, especially if you are eating or touching food, ”he said.

Okoroafor said that these alternative payment methods with benefits were well developed and worked well.

He said: “Its efficiency has minimized the liquidity, settlement, systemic and operational credit risks inherent in financial transactions.

“It is safe, reliable, affordable, fast and economical to meet every users’ needs. Nigerians should use it. ”

The CBN director also stated the need for Nigerians to handle Naira Notes with care and pride, describing it as a unique symbol of our identity and value.

He warned Nigerians against stepping, squeezing, defacing or staining the naira notes.

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