Tag: Nigeria Inter-bank Settlement System

The BVN is a unique 11-digits identification number assigned to individuals with bank accounts to enhance security and reduce fraud.

The move is aimed at ensuring that unclaimed monies in dormant accounts are put to good use, the CBN said.

Developers stand to win N2.5 million in prize money.

The Commission says it has made progress in resolving issues relating to share regularisation and multiple accounts.

There were 213.69 million transactions within the quarter.