Banks

10 Key BVN Rule Changes From May 1 — CBN

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If you use mobile banking, you’ll want to pay attention. From May 1, the Central Bank of Nigeria (CBN) is rolling out new BVN rules that could affect how you log in, switch devices, and even change your phone number. The Central Bank of Nigeria (CBN) has announced a comprehensive overhaul of the Bank Verification … Read more

CBN removes affidavit requirement for reactivating dormant accounts

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The Central Bank of Nigeria (CBN) has revised its guidelines on the management of dormant bank accounts, removing the mandatory requirement for customers to present affidavits when seeking to reactivate such accounts.   The development was disclosed in a circular dated March 12, 2026, and addressed to banks and other financial institutions across the country. … Read more

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