NIBS Archives - National Wire

38.5 Million Accounts Now Have BVN Identity — NIBS

July 26, 2019 0

About 38.5 million bank accounts have been linked to the Bank Verification Number, the Nigerian Interbank Settlement Scheme has said.

SEC Says CBN Direct Banks to Accept Dividend Warrants into Savings Accounts

August 5, 2016 0

The Securities and Exchange Commission (SEC) is pleased to notify the investing public that dividend warrants can now be deposited into savings accounts. This follows the directive from the Central Bank of Nigeria (CBN) via Circular referenced BPS/DIR/GEN/CIR/03/005 dated 28th July, 2016 instructing banks to allow customers with BVN to deposit cheques into their savings account. As part of several …