The Central Bank of Nigeria (CBN) on Thursday hinted of its plans to soon release regulatory guidelines on the activities of Financial Technology Companies (FinTechs) in the country. The apex bank’s Director, Banking and Payments System Department, Mr. Dipo Fatokun, gave the hint during the Annual General Meeting (AGM) of Nigeria electronic Fraud Forum (NeFF) […]
The Central Bank of Nigeria, CBN, has shifted the implementation of the regulatory framework for use of Unstructured Supplementary Service Data (USSD) initially scheduled to start on June 1, 2018 to October 1, this year. The apex bank gave this hint in a circular issued issued by the Director, Banking and Payment System Department, CBN, […]
The Central Bank of Nigeria (CBN) has disclosed that 31 million bank account customers have been captured so far through the Bank Verification Number (BVN) project nationwide. The apex bank’s CBN Director, Banking and Payment System, Mr Dipo Fatokun, gave this hint in a paper titled, `Nigeria’s progress towards the creation of a robust, trusted […]
The Central Bank of Nigeria has suspended settlement banking to all the clearing sessions with effective from January 2, 2018