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Tag Archives: Central Bank of Nigeria

Senate Summons CBN Officials Over N30tn Loans

THE Senate has said it will quiz some officials of the Central Bank of Nigeria on how the N30tn Ways and Means loan was obtained and spent by the Federal Government during the Muhammadu Buhari-led administration. The Chairman of the Senate Ad-hoc Committee Senator Isah Jibrin, who made the disclosure …

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CBN Sells N1 Trillion Fed Govt Securities

THE Central Bank of Nigeria (CBN) has said it successfully concluded a sale of government securities, issuing 1.053 trillion ($680 million) in short-term instruments. The apex bank made this known in a statement on Monday by its acting Director, Corporate Communications Department, Hakama Sidi-Ali. The CBN said the sale, which …

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Why Banks Are Asking Customers To Renew BVN And NIN Linkage

NIGERIAN banks are currently pushing their customers to come and link their National Identification Number (NIN) and Bank Verification Number (BVN) as the March deadline fixed by the Central Bank of Nigeria (CBN) approaches. While many of the customers who received messages from their banks have been complaining that the …

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BREAKING: CBN Revokes Operational Licenses Of 4,173 BDCs

The Central Bank of Nigeria (CBN) has revoked the licenses of 4,173 Bureaux De Change (BDC) Operators. The apex bank disclosed this in a statement on Friday by the CBN Ag. Director, Corporate Communications, Sidi Ali, Hakama. It said it was done in exercise of its powers  under the Bank and …

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How To Link Your BVN, NIN To Your Bank Account

NIGERIANS have been instructed by the Central Bank of Nigeria (CBN) to link their National Identification Number (NIN) and Bank Verification Number (BVN) to their bank accounts in order to get frozen. The NIN consists of 11 non-intelligible numbers randomly chosen and assigned to an individual after enrollment into the …

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