Category Archives: News


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Cashless Policy: CBN Defers Charges in Abuja, Other States to October,2013.

The Central Bank of Nigeria (CBN)  on Tuesday yesterday announced the deferment of charges for individuals and corporate account holders who wish to…
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Complying with CBN’s Policy on Cashless Economy – Globasure News Updates.

The maximum amount of transactions over-the-counter (OTC) cash withdrawal for third-party cheques of N150,000.00 presently operational in Lagos has been extended nationwide effective June 1, 2013…
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Finally, Cashless Policy Goes Live In Abuja, 5 States

After 18 months of running a pilot scheme of the cashless banking policy in Lagos State and several postponements of its extension to…
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Bank Customers Grapple with Cashless Policy in FCT

Bank customers in the Federal Capital Territory (FCT) are still grappling with the Central Bank of Nigeria (CBN’s) cashless policy, which commenced  Monday.…
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Cashless policy: Mobile payments hit N39b in three months – CBN

The Central Bank of Nigeria (CBN), on Monday said a lot of grounds have been covered in the move towards drastically reducing the use…
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Implement cashless policy in phases, Reps tell CBN.

The  House of Representatives in Abuja, Yesterday being  Thursday 27th of June 2013, urged the Central Bank of Nigeria (CBN) to implement the…
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Banks Gear Up For Cash-lite Extension To 5 States, FCT.

In anticipation of the extension of the cash-lite policy of the Central Bank of Nigeria (CBN) to five states and the Federal Capital…
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No going back on extension of cashless policy to more states —CBN

The Central Bank of Nigeria (CBN) has said that every arrangement is in place to commence the cashless policy in five states and…
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Cashless policy will curb terrorism financing – Mr Chris Ife

The MD/CEO  who spoke  at a conference to chart the way forward for the cashless transition, said, “there is nothing that attracts crime…
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‘Embrace CBN Cashless Policy For National Growth’ – Mr. Chris Ife (MD/CEO Globasure Technologies Limited)

The CHIEF Executive Officer and the Managing Director, Globasure Technologies Limited, Mr Chris Ife, advised stakeholders in the financial sector to embrace the…
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