BVN enrolments hit 30.6 Nationwide

Nigeria Consumer News

Lagos State has the highest number of Bank Verification Number (BVN) enrolments with 6.6 million as at September 2017 as total enrolments nationally reaches 30.6 million people, a report by the Nigerian Interbank Clearing System (NIBSS) has said. This comes on the heels of a court order obtained by the Federal government to seize funds […]

Fund transfer: What to consider in choosing between NIP and NEFT

Nigeria Consumers Knowledge

THERE are different types of funds transfer services and it is important for bank customers to understand the differences and implications. Fund transfer is when you send  money to person or persons from your bank account using a transfer channel. You can transfer funds to people living within and outside the country using various transfer […]

10 Things You Need To Know About the New N50 Stamp Duty

The Central Bank of Nigeria (CBN) has clarified that the N50 stamp duty imposed on bank customers is not per N1000 but on the whole amounts received as long as it is beyond N1000. The apex bank had earlier announced that a N50 duty would be imposed on an amount received by a customer exceeding […]

BVN registration continues- CBN, NIBSS

The Bank Verification Number (BVN) registration will still go on despite the expiration of the deadline on Saturday, October, 31, the Central Bank of Nigeria and the Nigerian Inter-bank Settlement System (NIBSS) have said. The Managing Director of the Nigerian Inter-Bank Settlement System (NIBSS) Mr Ade Shonubi  told Daily Trust reporter also that the BVN is […]

Banks Set To Deactivate Unregistered Accounts as BVN Registration Expires Today

Banks in Nigeria are set to deactivate unregistered accounts as BVN registration expires today. The Central Bank of Nigeria has ruled out possibility of extending the deadline for Bank customers that are unable to obtain their bank verification numbers (BVNs) before the close of business today, Friday. These customer would not be able to operate […]

BVN deadline: Fraudsters on rampage, as EFCC calls for vigilance

Fraudsters, disguising as Bank Verification Number (BVN) registration agents online with intention to get access to banks customers accounts, are on rampage, Daily Trust checks have revealed. The extended deadline for the BVN registration ends on Saturday, October 31, with the   Central Bank of Nigeria maintaining there would be no further extension. The BVN is […]

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