CBN to Close Bank Accounts Without BVN

cbn news

Central Bank of Nigeria (CBN) to Close Bank Accounts Without BVN

The CBN has announced its plans to close millions of bank accounts in various financial institutions that are not linked to a Bank Verification Number (BVN).

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SunTrust Bank declares 1.5bn profit for 2022 fiscal year

SunTrust Bank Nigeria’s Profit Before Tax for 2022 Fiscal Year

SunTrust Bank Nigeria Limited, a rapidly expanding commercial bank in Nigeria, has announced a Profit Before Tax of N1.5bn for the year ended December 31st 2022. The Bank’s 2022 Audited Financial Result has been published on its website.

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PoS Terminals in Nigeria Surpass 1.8 Million Mark in March 2023

Key Points

  • In March 2023, the total count of PoS terminals installed in Nigeria reached 1.8 million, as reported.
  • Compared to the same period last year, the number of deployed terminals has increased by 75%, when it was at 1.04 million.
  • Additionally, the platform observed a surge in transaction value over PoS terminals, with N1.1 trillion being the highest monthly record.

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