Category Archives: News


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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 may review naira exchange rate – Globasure News Updates

The Central Bank of Nigeria (CBN) may lower its targeted trading range for the naira as dwindling foreign-exchange reserves and falling oil prices…
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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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MasterCard Eyes University Alumni in East Africa – Globasure News Updates.

Competition in the payment cards market continues to intensify with global firm MasterCard now targeting university alumni. This follows a partnership deal between…
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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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The dash for cashless mobile payments.

It's surprising to think that something as widespread as chip and PIN hadn't really made any tentative steps outside the safe haven of…
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400 MDAs’ officials set Annual EPayment forum Summit

The E-Payment Providers Association of Nigeria has said over 400 top level government executives from over 100 Ministries, Department and Agencies are billed…
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The expanded cash-less regime from Lagos to Abuja and other five states – Globasure News Updates.

The recent extension of cash-less monetary policy by the Central Bank of Nigeria (CBN) to five states and the Federal Capital Territory (Abuja)…
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