EKO HOT BLOG reports that the Central Bank of Nigeria (CBN), on Friday, announced that it will freeze accounts without a Bank Verification Number (BVN) or National Identification Number (NIN) from April 2024. This online media platform gathered that the apex bank directed a “Post no Debit” restriction on all affected bank accounts. EDITOR’S PICKS … Read more
A few years ago, the Central Bank of Nigeria introduced the “Cashless Economy” policy into the Nigerian banking system. The aim is to migrate regular banking transactions to Online and Mobile banking. Consequently, the USSD code and Mobile App banking came into play. USSD service enables customers to perform fund transfers, check balances, check BVN(Bank … Read more
EDITOR’S PICK: ALERT: Stop Using Casual Passwords, Protect Your Data From Hackers –Expert Scam Alert: 3 Ways Hackers Can Steal Money From Your Bank Account 5 Bad Signs You Are Not Eating Enough Food Just as African society is diversifying into a more sophisticated and digital one, so is crime taking a completely new dimension. … Read more