Banks will begin to issue Bank Verification Numbers (BVN) to customers next month through 1000 branches in Lagos. Assistant Director and Head of External Communications Division, Central Bank of Nigeria (CBN), Mr. Isaac Okoroafor disclosed this in Lagos last week. The Bank Verification Numbers based on biometric identity of the […]

In pursuit of its Project Alpha plans, United Bank for Africa (UBA) Plc announced key appointments to drive its quest for industry leadership by 2015 at a press conference addressed by its Group Managing Director Mr. Phillip Oduoza. According to Oduoza, UBA’s Project Alpha is a 3-year road map of […]

The total value of the currency in circulation in the Nigerian economy increased slightly to N1.574 trillion at the end of March, compared to the N1.558 trillion it was at the end of February, data obtained from the Central Bank of Nigeria (CBN) has revealed. Also, broad money (M2), which […]