The Central Bank of Nigeria (CBN) has suspended the implementation of its cashless policy in more states in the country as announced earlier this year. The apex bank had said it was going national with the policy and extended its coverage to more states...

Mixed reactions have continued to trail the reintroduction of bank charges by the Central Bank of Nigeria (CBN) on cash deposits and withdrawals. Some bank customers in Ilorin who spoke with the News Agency of Nigeria (NAN) on Friday, expressed different views on the CBN’s...

• Urges public to reject inefficiency • ‘Delay in funds transfer, system failure not acceptable’ The Central Bank of Nigeria (CBN) has warned the nation’s banks against poor services, asking them to shape up or close shop.The caution followed a series of complaints by customers of...

The Central Bank of Nigeria (CBN) Thursday, said that bank accounts without the Biometrics Verification Number (BVN) would be operated as “No Customer Initiated Debit”. The apex bank said this in a circular titled: “Classification on Accounts with BVN Related Issues” sent to all commercial...

The Central Bank of Nigeria(CBN) has saved about N4billion from being lost to fraud in 2015 through anti-fraud mechanism it put in place. The Director, Banking and Payments System Department of CBN, Dipo Fatokun , stated this at 21st  Seminar for Finance Correspondents and Business...