Helping businesses grow their customer base May 2, 2018/Ecobank A multi-featured digital payment solution, Ecobank Pay, is now available from Ecobank Nigeria. Ecobank Pay is built as a core part of Ecobank’s digital financial services ecosystem approach and will deliver unified and instant self-service across a range of interconnected […]
Money Market
CBN captures 31m Nigerians in Bank Verification Project
May 2, 2018/Vanguard Central Bank of Nigeria CBN, has captured no fewer than 31 million account customers in its Bank Verification Number, BVN, project aimed at ensuring unique identifier in the Nigerian banking industry. CBN Director, Banking and Payment System, Mr Dipo Fatokun, disclosed this in a paper titled, ‘Nigeria’s […]
CBN test reveals loopholes in banks’ anti-money laundering system
2/5/2018/Punch Oyetunji Abioye Majority of the Deposit Money Banks in the country failed an anti-money laundering system examination conducted by the Central Bank of Nigeria, a report by the CBN has revealed. According to the 2017 CBN Half-year Economic Report, the anti-money laundering systems in place in majority of the […]
