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CBN Approves Incentives to Encourage E-Payments

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE) – The Central Bank of Nigeria (CBN) on Friday announced incentives to encourage electronic payments (e-payments) in Nigeria according Dipo Fatokun, director, banking and payments system department in circular dated September 18, 2014. The circular entitled ‘’Electronic Payments Incentives Scheme and Awareness Campaign’’ said […]

CBN Issues June 2015 Deadline to Customers on Bank Verification Number

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) on Friday issued a June 2015 deadline to customers of Deposit Money Banks (DMBs) on the Bank Verification Number (BVN) project, according to a circular signed by Dipo Fatokun, director, banking and payments system department. ‘’That by June 2015, […]

CBN seeks increased access to finance for women

The Central Bank of Nigeria has urged banks to develop platforms for products and services that will ultimately increase women’s access to finance. The Deputy Governor, Economic Policy, CBN, Dr. Sarah Alade, stated this at the Chartered Institute of Bankers of Nigeria’s 2nd annual seminar on ‘Gender economic inclusion in […]