banking system

CBN Directs Banks To Obtain Customers’ Social Handles

Jun 24, 2023. by Praise Ben

The CBN mandates financial institutions to collect customers’ social media handles, email addresses, phone numbers, and residential addresses for enhanced identification. This complies with anti-money laundering and counter-terrorism financing laws. The regulations apply to individuals and legal entities, requiring additional information like identification documents and account details. EKO HOT BLOG reports that the Central Bank … Read more

CBN New Policy: ‘Buhari Satisfied With Development In Banking System’ – Emefiele

Dec 9, 2022.Dec 9, 2022. by Praise Ben

Emefiele has stated that Buhari is satisfied with the new development in the banking system. EKO HOT BLOG reports that the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, said on Thursday that President Muhammadu Buhari was again satisfied with the ongoing development of the banking system. According to the apex bank governor, … Read more

Reps To Investigate Merits, Demerits Of Non-Interest Banking System

Dec 10, 2020.Dec 10, 2020. by Ekohot Editor

Banking The House of Representatives on Thursday mandated its Committee on Banking and Currency to investigate merits and demerits of adopting non-interest banking system in Nigeria. This was sequel to an amendment raised by Rep. Ndudi Elumelu (PDP-Delta) while the house was debating a motion on the need to adopt non-interest banking system sponsored by … Read more