Wednesday, June 24, 2026

Chibuzo Efobi

April 14, 2023

CBN to take over money in dormant bank accounts

After implementing the CBN’s latest directive, banks will forfeit custody of the billions of naira currently held in various dormant accounts.

Central Bank of Nigeria and CBN Governor, Godwin Emefiele
May 25, 2022

CBN lists conditions for financial institutions’ enrollment into CRM system

The CBN reminded all OFIs to ensure that their customers’ accounts complied with the 10-digit Nigeria Uniform Bank Account Number (NUBAN) fomat.

Central Bank of Nigeria (CBN)
January 29, 2022

CBN releases framework to check bad loans

The guidelines would establish a “watch list” to identify loan defaulters and enhance loan recovery.

CBN Governor, Godwin Emefiele.

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