The Central Bank of Nigeria (CBN) has issued fresh directives to banks, financial institutions and payment service providers aimed at strengthening electronic payment security, tightening oversight of the Bank Verification Number (BVN) system and improving the management of dormant bank accounts and unclaimed funds.
The directives were contained in three separate circulars released by the apex bank on March 12, 2026, and sent to banks, other financial institutions and payment service providers operating in the country.
In one of the circulars, the CBN introduced new operational rules for instant payment services in Nigeria as part of efforts to protect customers and reduce cases of electronic fraud.Get The Full, Details. .
𝗙𝗼𝗹𝗹𝗼𝘄 𝗢𝘂𝗿 𝗪𝗵𝗮𝘁𝘀𝗔𝗽𝗽 𝗖𝗵𝗮𝗻𝗻𝗲𝗹 𝗧𝗼 𝗚𝗲𝘁 𝗟𝗮𝘁𝗲𝘀𝘁 𝗡𝗲𝘄𝘀 𝗔𝘀 𝗜𝘁'𝘀 𝗗𝗿𝗼𝗽!
