A Financial Expert, Mr Okechukwu Unegbu, has urged the Central Bank of Nigeria (CBN) to sanction banks that allowed customers to operate accounts without their BVN and NIN.
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The Central Bank of Nigeria (CBN) says it will freeze accounts without a Bank Verification Number (BVN) or National Identification Number (NIN) from April 2024.
The yuletide period is one anticipated by everyone most especially cooperate workers because it allows them to take a break from work, relax with families, hang out, and even take a vacation for a few weeks and refresh.
The Presidency has backed a plan by the Central Bank of Nigeria (CBN) to increase the capital base of deposit money banks in the country.
The Supreme Court on Wednesday ordered that the old N200, N500, and N1000 notes should continue to coexist with the new notes until further notice.
ASHENEWS reports that anxiety has set in at the Central Bank of Nigeria (CBN), as the apex bank redeploys eight directors to the Maitama office of its Financial Sector Surveillance (FSS) Department.
The African Development Bank (AfDB) Group, has inaugurated the Bank’s Maiden report on “Benchmark Macroeconomic Models for Effective Policy Management in Africa”.
The Nigerian gvernment has reduced from 20 counts procurement charges it filed against the immediate-past Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele to six.
Against the backdrop of indications that the Federal Government is putting in place measures to achieve exchange rate target of N500-N600/$1, while reorganizing the banking sector, various private sector institutions and financial experts have expressed divergent views over the feasibility and the benefits of the goals.
“For the avoidance of doubt, while reiterating that there are sufficient banknotes across the country for all normal economic activity, we wish to state unambiguously that every banknote issued by the Central Bank of Nigeria remains legal tender and should not be rejected by anyone, as stipulated in Section 20(5) of the CBN Act, 2007.