15 results
- 23 Aug 2010
CBN Proposes 10-digit Bank Account Number format
One and half years after continued upsurge in the volume of automated direct credits cleared through bankers clearing house, the Central Bank of Nigeria (CBN) has mandated banks to create and…
- 13 Mar 2020
CBN Extends NUBAN to other Finance Institutions
Central Bank of Nigeria (CBN) has reviewed the Nigeria Uniform Bank Account Number (NUBAN) to include other finance institutions. A circular signed by Musa Jimoh, director, Payments System Management…
- 1 Dec 2023
CBN to Freeze Accounts without BVN, NIN April 2024
The Central Bank of Nigeria has directed a “Post no Debit” restriction on all bank accounts without a Bank Verification Number and National Identification Number effective April 2024. “Post No Debit”…
- 15 Jul 2021
VerifyMe Unveils NUBAN Verification Solution to Prevent Online Fraud
VerifyMe Nigeria, a digital identity verification and Know-Your-Customer (KYC) company, has launched a Nigeria Uniform Bank Account Number (NUBAN) verification solution and a Facial Liveness tool.…
- 31 May 2022
CBN Mandates OFIs to Enroll in Credit Risk System by August1
Central Bank of Nigeria (CBN) has said the provisions of the regulatory guidelines for the redesigned Credit Risk Management System (CRMS) for commercial, merchant and non-interest banks issued on…
- 2 Jan 2013
CBN Orders Banks to Reject Liquidated Banks’ Cheques
Legacy banks’ cheques will no longer be accepted by any Nigerian bank, beginning from today, the first day of work in the new year across the country, Nigeria CommunicationsWeek has learnt. The…
- 18 Aug 2013
AGF Asks MDAs to Furnish it with NUBAN Accounts
Joseph O. Otunla, accountant-general of the Federation (AGF), has directed all Federal Ministries, Departments and Agencies (MDAs) to update their bank details with his office without further delay…
- 2 Feb 2015
CBN Lists Benefits of PSV 2020 Initiative
The Payments System Vision 2020 (PSV2020) initiative of the Central Bank of Nigeria (CBN) has been described as a catalyst in the revolutionised payment system landscape of the country. Besides, it…
- 11 Apr 2014
GTBank, Avios Launch Loyalty Reward Scheme
Guaranty Trust Bank plc has announced the launch of its new loyalty scheme exclusively for GTBank credit card holders. The loyalty scheme is in partnership with Avios, the leading global travel…
- 14 Dec 2009
e-Payment: N/A Plans New Law to Protect System
Suddenly conscious of the dangers of practicing electronic payment (e-payment) system without legislation, the National Assembly has begun moves to put in place relevant laws to protect the…
- 14 Dec 2009
e-Payment: N/A Plans New Law to Protect System
Suddenly conscious of the dangers of practicing electronic payment (e-payment) system without legislation, the National Assembly has begun moves to put in place relevant laws to protect the…
- 22 Feb 2014
UBA is Ready for Biometric Registration-Adedeji
Mr. Adeyinka Adedeji, divisional head, e-Banking, United Bank for Africa (UBA) said that the Pan-Africa Bank is ready for the swift commencement of the CBN’s proposed biometric registration of bank…
- 9 Feb 2026
CBN, NCC Propose Instant Refunds for Failed Airtime, Data
Central Bank of Nigeria (CBN)and the Nigerian Communications Commission (NCC) have proposed that customers must receive refunds within 30 seconds for failed airtime and data purchases to curb…
- 26 Mar 2026
NCC Launches Platform for Secure Mobile Numbers, Anti-Fraud
Nigerian Communications Commission (NCC) has launched the Telecoms Identity Risk Management System (TIRMS) to enhance digital security and fight telecom fraud. NCC Dr Aminu Maida, Executive Vice…
- 29 Jul 2015
$150Bn Stolen Fund: Experts Urges e-Govt Adoption to End Trends
Few days after President Muhammadu Buhari decried that an estimated $150 billion had been stolen in the Nigerian government and stashed abroad in the last 10 years, experts have called for a holistic…