Category Archives: Motion


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Globasure Signs Agreement With UBA To Deploy mPOS Solution

  Hello All, To solidify our commitment to the growth and development of the electronic payments    industry in Nigeria, Globasure recently signed…
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Banks reluctant to sign on cheque truncation applications

Only a few banks have adhere to CBN’s directive. Nigerian banks have not shown much eagerness to speed up the requirements of the Central…
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Unreliable infrastructure, fear of fraud slow down Central Bank’s cashless policy

Persisting challenges exemplified by unreliable infrastructure and fear of fraud would halt the progress of the cash-less policy if not adequately addressed, experts…
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CBN Urges Abia To Leverage On Cashless Policy – Globasure News Updates

The Abia State government has been charged to take advantage of the cashless policy of the Central Bank of Nigeria (CBN) to grow…
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Banks stop cash evacuation services to customers – Globasure News Updates

Commercial banks have stopped cash evacuation services in states where the Central Bank of Nigeria has commenced its cash-less policy. The CBN commenced…
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CBN set to penalise defaulting banks on Money laundering – Globasure News Updates.

The Central Bank of Nigeria is set enforce the Money Laundering Act to the letter. Already, the bank has asked banks, discount houses…
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Analysts disagree with CBN 50 per cent Cash Reserves Requirement (50% CRR) – Globasure News Updates.

Financial analysts have disagreed with the Central Bank of Nigeria over the imposition of 50 per cent Cash Reserves Requirement on all government…
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The Cashless Policy The Fact at Hand – Globasure News Updates.

Mixed reactions have continued to trail the cashless policy introduced by the Central Bank of Nigeria (CBN) in January 2012. The implementation of…
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CBN partners E-PPAN for grassroots mobilisation on cashless Nigeria – Globasure News Updates.

THE Central Bank of Nigeria has reached an agreement with the E-Payment Providers Association of Nigeria E-PPAN to be their major partners in…
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CBN to Roll out Cash-less Policy Nationwide Come Jan 2014 – Globasure News Updates

Barring any unforeseen development, the Central Bank of Nigeria (CBN) is set to roll out the cash-less policy nationwide by January, 2014. The…
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