Tag Archives: CBN

Banks to bar customers without biometric numbers

July 16, 2014 by Don Saint 2 Comments

As part of the ongoing Bank Verification Numbering (BVN), the Central Bank of Nigeria (CBN) in conjunction with commercial banks plan to deploy 10,000 biometric data capture machines across 5,000 bank branches nationwide. The CBN had enjoined bank customers in Lagos to visit selected branches across the state to enrol and obtain their BVN, as […]

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Cashless policy goes nationwide July 1

June 25, 2014 by Delia Innoma 2 Comments

The Central Bank of Nigeria on Tuesday said that the third phase of its cash-less policy would commence as scheduled in the remaining 30 states of the federation. The development was confirmed in a statement issued by Mr. Isaac Okoroafor on behalf of the Director, Corporate Communications Department of the CBN. The statement stated that […]

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Banks lose N40bn to Internet fraud – CBN

June 19, 2014 by Don Saint 2 Comments

Nigerian banks lost N40bn to cyber-crimes in 2013, the Central Bank of Nigeria disclosed on Wednesday. The Chief Information Security Officer, CBN, Mr. Taiwo Longe, made this disclosure at the first National Cyber Security Forum in Lagos. The forum was organised by the Office of the National Security Adviser. Speaking on the topic: ‘Ensuring information […]

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BREAKING on ASUU: Government Withdraws Ultimatum, CBN Confirms N200b Account (UPDATED)

December 11, 2013 by Don Saint 0 Comments

The Federal Government (FG) announced on Tuesday that it was withdrawing the ultimatum given to the Academic Staff Union of Universities (ASUU) protesters resume or be sacked following appeals from well-meaning Nigerians and substantial compliance with the directive by some members of the Academic Staff Union of Universities. If was claimed that the Central Bank of Nigeria […]

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