Banks Active Accounts Hit 331.6M in One Year Nigeria’s banking sector saw a remarkable expansion in 2024, with active accounts surging to 331.6 million by December, reflecting an increase of 122.3 million accounts from 209.3 million in January 2024. In January, 2024, Nigeria recorded 209.3 million...

BVN Enrolments Now 64.8 million – NIBSS Enrollments for the Bank Verification Number (BVN) by bank account owners in the country increased to 64.8 million in January, according to the latest data released by the Nigeria Inter-Bank Settlement System (NIBSS). Previous data released by the organization...

Ahead of CBN Deadline, BVN Enrollment Nears 60m As the Central Bank of Nigeria’s December 18, 2023, deadline approaches for the registration for the Bank Verification Number, the number of registered Nigerians has hit 59.9 million. This is according to the latest BVN registration data update...

Reps Probe N1.2trn Unclaimed Funds In Banks   The House of Representatives’ Ad Hoc Committee on Unclaimed Funds in the Nigerian Commercial Banks and Infractions by the Central Bank of Nigeria has begun investigation of funds stuck in commercial banks due to the alleged failure to...

CBN Plans To Strengthen Risk Management In OFIs       The Central Bank of Nigeria (CBN) has taken moves to strengthen risk management in the financial services subsector categorized as Other Financial Institutions (OFIs), mainly mortgage banks, Finance Houses and micro-finance banks. The move is aimed at taking...

Anti-Corruption Hero, President Buhari Leads by Example By Garba Shehu     As he marks today, December 17 as his birthday, Muhammadu Buhari, driver of change and mobiliser of voters continues in his role as President and Commander-in-Chief of the Armed Forces of Nigeria, leading by setting examples as the...