The Central Bank of Nigeria (CBN) has issued new directives to banks and financial institutions aimed at strengthening electronic payment security, tightening oversight of the Bank Verification Number (BVN), and improving the…
Tag: BVN
Nigerian banks close 2 million accounts over BVN, NIN, others— Report
Nigerian commercial banks closed at least 2 million bank accounts in the first quarter of 2024, Q1’24. The move was aimed at eradicating questionable accounts, particularly as some customers failed to…
Nigeria set to freeze bank accounts without BVN, NIN
VAM News Update THE Central Bank of Nigeria (CBN) has set a date to freeze bank accounts without a Bank Verification Number (BVN) or National Identification Number (NIN). CBN said bank accounts…
Nigerians Without NIN, BVN Out Of FG’s Cash Transfer Disbursement
VAM News Update THE Central Bank of Nigeria (CBN) has announced that Nigerians who do not possess a National Identification Number (NIN) or a Bank Verification Number (BVN) will not be eligible…