30 results
- 24 Jun 2015
Banks Capture 14m Customers BVN
About 14 million bank customers nationwide had enrolled for the Bank Verification Number (BVN), according to Nigeria Inter-Bank Settlement System (NIBSS) Plc. BVN is for biometric registration of all…
- 10 May 2023
BVN Issued in Nigeria has no Expiry Date – CBN
Central Bank of Nigeria (CBN) has said that Bank Verification Number (BVN), has no expiry date contrary to claims making the round. The apex bank’s explanation came amid speculations that the BVN has…
- 8 Jul 2026
BVN Enrollments Hit 69.55m- NIBSS
Nigeria’s Bank Verification Number (BVN) database expanded to 69.55 million as of July 5 2026 from 69.32 million in June 2026, according to latest data released by the Nigeria Inter-Bank Settlement…
- 1 Jun 2022
Enrolments for BVN Hit 54.7m, Rises by 3m in May 2022
Enrolments for the Biometric Verification Number (BVN) by bank account owners in the country rose to 54.7 million as of May 29, 2022, Nigeria CommunicationsWeek has learnt. According to the data…
- 15 Mar 2026
CBN Tightens BVN Rules to Curb Fraudulent Banking Transactions
Central Bank of Nigeria (CBN) has introduced stricter Bank Verification Number (BVN) enrolment and data access rules to prevent suspected fraudulent transactions, effective May 1, 2026. This was…
- 13 Oct 2021
Bank Account without BVN to Attract 2m Fine- CBN
Central Bank of Nigeria (CBN), in a bid to promote financial system stability, has declared that financial institutions and customers that violate the framework of the Bank Verification Number (BVN)…
- 19 Jul 2022
Over 79m Active Bank Accounts not Linked to BVN – NIBSS
Nigeria Inter-Bank Settlement System (NIBSS) has revealed that about 78.73 million active bank accounts are yet to be linked with the Biometric Verification Number (BVN) despite various measures put…
- 30 Apr 2026
New CBN’s BVN Rules Starts Today
Central Bank of Nigeria (CBN) will from today start enforcing the new Bank Verification Number (BVN) regulations, in a major move aimed at tightening banking security and reducing rising cases of…
- 14 Sept 2015
NIBSS Partners Etisalat on BVN Query Service
The Nigeria Inter Bank Settlement System Plc (NIBSS) says over 20 million customers have been enrolled by banks in the ongoing Bank Verification Number (BVN). The organisation said in a statement…
- 22 Oct 2017
Court Asks FG to Take over Bank Accounts without BVN
Bank account owners who are yet to have a Bank Verification Number (BVN) run the risk of forfeiting their money to the federal government within the next two weeks unless they can justify their…
- 8 Jan 2026
BVN Enrollment Up 6.87 Percent to 67.84m in 2025 - NIBSS
Bank Verification Number (BVN) enrollments in the country rose by 6.87 per cent , or 4.36 million, to 67.84 million as at the end of December 2025 from 63.48 million in the corresponding period of…
- 10 Jul 2018
CBN Orders Banks to Insist on Court Order for Release of BVN
Central Bank of Nigeria (CBN) has mandated the provision of valid court order as a pre-requisite for releasing Bank Verification Number (BVN) information to applicants. This follows an…
- 28 Nov 2016
Fear of BVN: Corrupt Nigerians Abandon Billions in Banks
Bank Verification Number (BVN) policy introduced by the Central Bank of Nigeria (CBN) may have revealed over one million bank accounts that have been abandoned by those who illegally acquired their…
- 9 Apr 2021
CBN Bans BVN Verification for Paystack, Other Fintechs
Central Bank of Nigeria (CBN) has reportedly banned Paystack and other non-bank financial institutions in Nigeria from providing the Bank Verification Number validation (BVN) service. According to an…
- 11 Jan 2024
NIBSS Achieves 60.2m BVN Registration as January 31st Deadline Nears
The Nigerian Interbank Settlement System (NIBSS), registration data shows that over 60.2 million Nigerians now have a BVN as the expiration of the Central Bank of Nigeria, CBN, deadline for all bank…
- 6 Apr 2026
NIBSS Says 28 Percent of Nigerians have Registered for BVN
Latest data report from the Nigeria Inter-Bank Settlement System (NIBSS) has pegged Nigeria’s Bank Verification Number (BVN) Database at 67.8 million registrations (27.97% of the country’s…
- 7 Apr 2026
BVN Database hits 68.6m - NIBSS
Bank Verification Number (BVN) in Nigeria's database has grown to 68.6 million as of March 2026, according to newly released data by the Nigeria Inter-Bank Settlement System (NIBSS). The figure,…
- 9 Nov 2014
NIMC, CBN at Loggerheads over BVN Scheme
Central Bank of Nigeria (CBN) and National Identity Management Commission (NIMC) last week failed to agree on who should have full control over the Biometric Bank Verification Number (BVN)…
- 16 Apr 2021
NIBSS Approves Standard Guidelines for BVN Matching System
The Nigeria Interbank Settlement System (NIBSS) has issued approved standard operating guidelines for Bank Verification Number (BVN) matching system, mainly for a harmonized way of verifying…
- 19 Aug 2015
CBN Provides Guidelines for Nigerians Abroad to Enroll for BVN
Central Bank of Nigeria (CBN) said it had finalised the guidelines for Nigerians in the Diaspora to enroll for the Bank Verification Number (BVN). This is contained in a statement by Mr Dipo Fatokun,…
- 2 Oct 2015
Banks to Freeze 32m Accounts without BVN from November 1
Banks’ customers have until October 31 to enroll for the Bank Verification Number (BVN) or risk having their accounts frozen from November 1, according to the Bankers’ Committee. The Bankers’…
- 11 Jan 2018
CBN Orders MFBs, Others to Suspend Accounts Without BVN
Central Bank of Nigeria (CBN) has directed Other Financial Institutions (OFIs) to place all accounts without Biometric Verification Number (BVN) on a ‘post no debit’ status. OFIs operators are those…
- 23 Oct 2024
NIBSS Plans BVN Platform Launch for Nigerians in Diaspora- CBN
Central Bank of Nigeria (CBN) has said that a bank verification number (BVN) platform will be launched by December for Nigerians in the diaspora. Olayemi Cardoso, governor, CBN, stated this during a…
- 17 Sept 2015
Airtel Nigeria Partners NIBSS on BVN Query Service
Following the extension of the Bank Verification Number (BVN) exercise to October 31st, leading telecoms operator, Airtel Nigeria, has announced a strategic partnership with the Nigeria Inter-Bank…
- 6 Aug 2025
Non-Resident Registration Pushes BVN Enrollments to 66.2m in July
Bank Verification Number (BVN) database rose to a new high in July 2025, with total enrollments climbing to 66.23 million, a 4.3 per cent increase within the first seven months of the year, as…
- 18 Apr 2016
Civil Servants, Pensioners Defraud Govt with BVN
Akwa Ibom Government on Monday said it had uncovered 1,458 cases of Bank Verification Number (BVN) related frauds involving civil servants and pensioners in the public service. Mr Akan Okon,…
- 19 Mar 2026
CBN Introduces Stricter BVN Rules to Curb Fraudulent Transactions
Central Bank of Nigeria (CBN) has introduced stricter rules guiding the use and management of the Bank Verification Number (BVN) as part of efforts to reduce fraudulent transactions within the…
- 24 Oct 2017
Banks Send Messages to Customers without BVN
Banks have started sending text messages and electronic mails to customers without Bank Verification Number (BVN), asking them to come and complete the biometric registration process. This…
- 29 Aug 2019
CBN Says No Credit to Firms, Individuals Without TIN, BVN
Central Bank of Nigeria (CBN) has mandated commercial banks to stop lending to firms without Tax Identification Number and individuals not having Bank Verification Number (BVN). This was…
- 14 Oct 2021
CBN Asks Banks to Report Dead Customers’ BVN to NIBSS within 24hrs
Central Bank of Nigeria (CBN) has directed banks and other financial institutions to report Bank Verification Number (BVN) of all dead customers to Nigeria Interbank Settlement System (NIBSS) within…