By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s central bank Friday launched bank verification number (BVN) a biometric authentication for bank customers to ensure an effective banking and payment system in the nation’s banking industry. Lamido Sanusi, governor of Nigeria’s central bank at the launch of the BVN in Lagos Nigeria said […]
Tag: NIBSS
CBN Unveils N5.0 billion Minimum Capital for Mortgage Refinance Company
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) Thursday unveiled a minimum capital requirement of N5.0 billion for the Mortgage Refinance Company (MRC). The CBN iin its regulatory and supervisory framework for the operations of an MRC said the procedures and criteria to be used in granting […]
Electronic fund transfer transactions hit N9.9tn
Statistics by the Nigeria Inter-Bank Settlement have shown that 20 million NIBSS instant payment (electronic fund transfer) worth N9.9tn were transacted between January and September this year. The data presented at the monthly meeting of the Nigerian Electronic Fraud Forum in Lagos on Thursday stated that transactions executed on NIBSS-registered […]
