CBN places 7,552 BVN on watchlist as eNaira transactions hit 1.4m
2 years ago5989 min
The Central Bank of Nigeria (CBN) has placed 7,552 Bank Verification Numbers (BVN) on its watchlist for fraudulent transactions, despite the fact that the Central Bank Digital Currency (CBDC), known as eNaira, has recorded 1.4 million transactions to date, a 100% increase from 700,000 transactions in November 2022. Similarly, for seamless financial transactions in the country, Nigeria is moving towards cardless and other contactless payment options, such as QR Codes and NFC. The governor of...