The Central Bank of Nigeria (CBN) has mandated all licensed financial institutions to prominently display their corporate names on their websites, portals, and online applications.informationguidenigeria
This directive, announced on the CBN’s website on December 7, 2023, is part of the apex bank’s efforts to enhance transparency and foster trust in the digital financial ecosystem.NYSC Portal
The CBN’s decision is driven by the objective of building confidence among consumers in the usage of digital financial products and services.JAMB Portal
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Recognizing that the absence of clear corporate identification on transactional websites, portals, or online applications can result in consumer mistrust, confusion, and difficulties in addressing grievances, the CBN has taken this proactive measure.JAMB Result
By requiring financial institutions to display their corporate names visibly, the CBN aims to ensure that consumers can easily identify the entities behind digital financial offerings. This move is expected to mitigate the risks associated with online financial transactions, including fraud and misrepresentation.
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