CBN circular

NIN/BVN for Tier-1 Accounts, Imperative to Combat Fraudulent Activities

January 4, 2024

When the Central Bank of Nigeria (CBN) in December 2023, mandated the linkage of Bank Verification Numbers (BVN) and National Identification Numbers (NIN) across

CBN Pegs N50,000 Transaction Limit for Contactless Payments

June 28, 2023

Adedapo Adesanya

By Adedapo Adesanya The Central Bank of Nigeria (CBN) has instituted transaction limits ranging from N15,000 per transaction to N50,000 cumulative daily for the

CBN Bans Microfinance Banks from FX Transactions

August 20, 2021

Adedapo Adesanya

By Adedapo Adesanya The Central Bank of Nigeria (CBN) has banned microfinance banks operating in the country from carrying out foreign exchange transactions. In

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NIN/BVN for Tier-1 Accounts, Imperative to Combat Fraudulent Activities

CBN Pegs N50,000 Transaction Limit for Contactless Payments

CBN Bans Microfinance Banks from FX Transactions

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