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The Central Bank of Nigeria (CBN) is implementing significant reforms to the Bank Verification Number (BVN) system, effective May 1, 2026. These measures aim to curb rising fraud and secure digital financial channels. Customers must adapt to stricter protocols regarding device usage, identity verification, and account management. The apex bank is prioritising system integrity over…
The Central Bank of Nigeria has issued a stern warning to all banking customers across the country, urging them to protect their financial information by refusing to share passwords, personal identification numbers, or other sensitive banking details with anyone, including individuals claiming to be bank officials. The advisory, released as part of activities marking Global…
