The Central Bank of Nigeria (CBN) has mandated commercial banks to stop lending to firms without Tax Identification Number and individuals not having Bank Verification Number (BVN).
This was contained in its latest exposure draft on the review of the Prudential Guidelines, PG, for …
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The number of BVN-linked accounts in Nigeria rose to 37.2 million as at March 24 this year, New Telegraph has learnt.
This showed that about 400 accounts were linked in the last one month as the figure stood at 36.8 million last February. However, based …
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A financial expert and former Managing Director/Chief Executive Officer of Coronation Trustees Limited, Mrs. Oghogho Osula, has stated that out of 35 million with Bank Verification Number (BVM), 25 million are generally considered to be financially underserved.
Osula , who stated …
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A Federal High Court in Abuja has revoked its earlier order for the interim forfeiture of any balance in a bank account without a Bank Verification Number (BVN).
Justice Nnamdi Dimgba on Wednesday said the parties agreed that the order made on October 17 has some consequences against parties...
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