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Business

Ahead of CBN deadline, Nigerians with BVN hit 60.2m, up from 58.7m

Twenty-one days before the expiration of the Central Bank of Nigeria’s (CBN) deadline for bank customers to have Bank Verification Number, BVN updated to...
Business

CBN Debunks Claim That BVN Expires After Ten Years, Says It Lasts For A Lifetime

The Central Bank of Nigeria (CBN) has debunked claims that the duration of Bank Verification Number (BVN) is for ten years.This refutal is coming...
Business

BVN issued in Nigeria has no expiry date – CBN

The Central Bank of Nigeria (CBN) has refuted claims that the Bank Verification Number (BVN) issued by the Bank in collaboration with the Nigeria...
Business

Only 57.4m of Nigeria’s 200m people have BVN – CBN

The apex bank had partnered with the Nigerian Interbank Settlement System (NIBSS), bankers committee and deposit money banks to launch the BVN project in...
Business

CBN to remove bank accounts not linked to BVN

The Central Bank of Nigeria (CBN) is set to remove bank accounts not linked to the Bank Verification Number (BVN) system from the financial...
Business

Nigerian Banks record 4.8 million BVNs In 2022

Nigeria Inter-Bank Settlement System (NIBSS) has revealed that banks registered a total of 4.8 million new Bank Verification Numbers (BVNs) in 2022.According to the...
Business

Over 6,000 BVNs come under CBN watch, as fraud list rises by 13.09%

The Central Bank of Nigeria (CBN) has disclosed that it has placed at least 6,047 Bank Verification Numbers on its watch list over fraudulent...

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