30 results
- 2 Aug 2026
CBN Exposes over 13,000 BVNs Tied to Fraud as Banks Tighten Security
The number of Bank Verification Numbers (BVNs) on the Nigerian banking industry’s fraud watchlist reached 13,117, according to the Central Bank of Nigeria (CBN). This is coming as banks strengthen…
- 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…
- 1 Dec 2023
CBN to Freeze Accounts without BVN, NIN April 2024
The Central Bank of Nigeria has directed a “Post no Debit” restriction on all bank accounts without a Bank Verification Number and National Identification Number effective April 2024. “Post No Debit”…
- 28 Jan 2024
Banks Register 291,232 BVN in 2 Weeks- NIBSS
The number of bank customers that have registered for the Bank Verification Number (BVN) in the last two weeks was 291,232, bringing the total number to 60.49 million according to Nigeria Inter-Bank…
- 9 Dec 2024
Dermalog Says Its Biometric System Ensures Bank ID Verification for over 64m Nigerians
Dermalog, German identification systems firm has said that a biometric platform it established for Nigeria nine years ago, in partnership with Central Bank of Nigeria(CBN), now facilitates ID…
- 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…
- 30 Dec 2019
CBN Pledges Increase in BVN Enrolment
Central Bank of Nigeria (CBN) has promised to increase the number of bank customers registered on the Bank Verification Number (BVN) system from over 40 million to 100 million in the next five years.…
- 4 Mar 2024
NIN-BVN Linkage: Over 91m Bank Accounts @ Risk of Deactivation
Following the March 1 deadline set by the Central Bank of Nigeria (CBN) for the linkage of bank accounts with either the Bank Verification Number (BVN) or National Identity Number (NIN) approximately…
- 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…
- 8 Aug 2019
NIBSS Says There are 38m Bank Accounts in Nigeria
The number of bank accounts in Nigeria has hit 36 million, as Bank Verification Number (BVN) enrolment in the country increased to 38,696,142, according to figure released by the Nigeria Interbank…
- 29 Jun 2015
Bank Customers Panic as BVN Deadline Ends
Central Bank of Nigeria (CBN) has ruled out the possibility of an extension of the deadline for customers to register for the Bank Verification Number (BVN) which closes tomorrow, Tuesday, June 30,…
- 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 Nov 2017
CBN Demands List of Accounts Without BVN from Banks
Central Bank of Nigeria (CBN) has written a letter to the Deposit Money Banks in the country, asking them to submit list of customers and bank accounts without Bank Verification Number (BVN). …
- 1 Nov 2016
UBA Recounts BVN Gains, To Launch USSD Account Opening System
United Bank for Africa (UBA Plc, said that the introduction of the Bank Verification Number (BVN) by the Central Bank of Nigeria (CBN) has brought sanity to customer identification processes in the…
- 26 Apr 2020
Nigerians Abandon 9.1m BVNs in Banks- NIBSS
Nigeria Inter-Bank Settlement System Plc (NIBSS) has reported that 9.1 million Bank Verification Numbers (BVN) are inactive in various banks nationwide as at December 31, 2019. The report just…
- 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…
- 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…
- 5 Feb 2016
CBN Extends BVN Registration for Nigerians in Diaspora
Central Bank of Nigeria (CBN), has extended the Bank Verification Number (BVN), registration exercise for Nigerian Banks’ Customers in the Diaspora to June 30, 2016. According to a circular posted on…
- 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…
- 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…
- 8 Apr 2026
See Key Changes in BVN Rule from May 1 by CBN
Central Bank of Nigeria (CBN) is implementing stricter Bank Verification Number (BVN) regulations, including limiting phone number changes to only once in a lifetime. This will take effect from May…
- 17 Dec 2015
CBN Cautions Customers on BVN
Central Bank of Nigeria (CBN) has cautioned customers to beware of fraudsters trying to defraud them in the name of Bank Verification Number (BVN). This is contained in a statement signed by Ibrahim…
- 1 Dec 2025
Tax ID Numbers tot Required for Strictly Personal Bank Accounts
Tax Identification Numbers (TINs) are not required for strictly personal bank accounts under Nigeria’s new tax reforms; they become mandatory only if the account is used for business transactions,…
- 19 Apr 2022
BVN Issued Hit 54m
About 2.3 million Bank Verification Numbers (BVNs) were issued in Nigeria in the last three months, bringing the total number of biometric enrollments for the bank IDs to 54 million, as of April 10.…
- 26 Feb 2019
Accounts Linked to BVN Hit 37m
Nigeria Inter-Bank Settlement System Plc (NIBSS) records have shown that about 36.8 million bank accounts have been linked to the Bank Verification Number (BVN) as of February 17 this year. …
- 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…
- 30 Jan 2025
Active Bank Accounts Hit 311.6m— NIBSS
Nigeria Inter-Bank Settlement System (NIBSS) has said the number of active bank accounts in Nigeria rose to 311.6 million in December 2024. This data shows that there was a significant increase from…
- 22 Jun 2015
Customers Besiege Banks for BVN Exercise Few Days to Deadline
Many bank customers in Makurdi on Monday besieged their banks to collect their Bank Verification Number (BVN) a week to the deadline of the exercise. The News Agency of Nigeria (NAN) reported that…
- 2 May 2023
CBN Says Only 57.4m of Nigeria's 200m People have BVN
Central Bank of Nigeria (CBN) has said that only 57.4 million out of over 200 million Nigerians have Bank Verification Number (BVN). The apex bank had partnered with the Nigerian Interbank Settlement…