Central Bank of Nigeria (CBN) has proposed two categories of Bureau De Change (BDC) licence- Tier 1 and Tier 2- that would see the minimum capital...
The number of bank customers that have registered for the Bank Verification Number (BVN) in the last two weeks was 291,232, bringing the total number to...
OPay, leading the charge in mobile-based payments, has pledged to implement a thorough removal process for accounts lacking a Bank Verification Number (BVN) and/or National Identification...
Prince Akamadu, chairman, Association of Chief Audit Executives of Banks in Nigeria (ACAEBIN), has said that the recent directive by the Central Bank of Nigeria (CBN)...
Central Bank of Nigeria (CBN) has mandated commercial and merchant banks to begin debiting various loan defaulters as it seeks to build back a better financial...
Some Nigerians who are expected to benefit from a government cash assistance scheme aimed at cushioning the efforts of fuel subsidy removal in the country, have...
Report by the Financial Institutions Training Centre (FITC) shows that Bank customers in Nigeria lost N472 million to fraud in the first quarter of 2023, according...
Central Bank of Nigeria (CBN) has given banks in Nigeria 30 days to close accounts that have not been linked to a biometric Bank Verification Number...
Central Bank of Nigeria (CBN) has said that Bank Verification Number (BVN), has no expiry date contrary to claims making the round. The apex bank’s explanation...
Central Bank of Nigeria (CBN), said that it placed an e-payment ban on the Biometric Verification Number (BVN), of 572 bank customers for fraud related issues....
