30 results
- 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”…
- 17 Apr 2024
Expert Urges FG to Harmonise NIN, BVN to Tackle Crimes
Noble Ajuonu, head, Sydani Technologies Ltd., has urged the Federal Government to harmonise National Identification Number (NIN) and Bank Verification Number (BVN) to tackle crimes and insecurity in…
- 29 Feb 2024
PalmPay Issues Final Notice to Users to Link their NIN, BVN
Fintech company PalmPay has issued a final notice to its users to update their account with their National Identification Number (NIN) or Bank Verification Number (BVN) to prevent their PalmPay…
- 22 Feb 2024
How to Link Your NIN/BVN on the PalmPay App
The PalmPay app now has enhanced features allowing users to effortlessly add their National Identification Number (NIN) and Bank Verification Number (BVN) to their wallets while upgrading their Know…
- 24 Aug 2019
PenCom Says BVN, NIN Compulsory for Retirement Savings Accounts
National Pension Commission (PenCom) has directed all Pension Fund Administrators (PFAs) to update the records of all retirement savings accounts (RSAs) to include Bank Verification Number (BVN) and…
- 12 Jan 2021
NIMC Says BVN-Generated NIN Can’t be Used for SIM Integration
National Identity Management Commission (NIMC) has disclosed that the National Identification Number (NIN) generated during the registration for the Bank Verification Number (BVN) cannot be used to…
- 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…
- 19 Apr 2024
NELFUND Says UTME, NIN, BVN Mandatory for Student Loans
Nigerian Education Loan Fund (NELFUND) has said that Nigerian students will need to present their Unified Tertiary Matriculation Examination registration number (UTME); National Identification Number…
- 25 Jan 2024
Opay Vows to Block Accounts without Proper KYC Verification
OPay, leading the charge in mobile-based payments, has pledged to implement a thorough removal process for accounts lacking a Bank Verification Number (BVN) and/or National Identification Number…
- 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)…
- 10 Feb 2021
FG to Announce Deadline to Link NINs to Bank Accounts- Pantami
Dr Isa Pantami, minister of Communication and Digital Economy, has said the Federal Government would soon announce a timeline for Nigerians to link their National Identity Numbers (NINs) with their…
- 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…
- 31 Aug 2015
NIMC Extends Mandatory Use of NIN to January 2016
the National Identity Management Commission (NIMC), the ssuing Authority for National Identification Number NIN, has shifted the date for the commencement of the mandatory use of the National…
- 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…
- 19 May 2025
Court to Hear NIBSS Suit Seeking Exclusive Power to Manage BVN Database
Federal High Court in Abuja on Monday fixed 26 May to hear a suit filed by the Nigeria Inter-Bank Settlement System (NIBSS) Plc against the Central Bank of Nigeria (CBN) and others. NIBSS, in the…
- 9 Apr 2024
NIMC’s Proposed National ID Gets Cold Reception
Federal government recently announced plans to launch three new national identity cards in May, targeting 104 million citizens. This initiative is part of a broader effort to establish a unified and…
- Financial25 Aug 2026
NFIU Says Terrorists Use Identity Laundering, Dead Persons’ SIMs to Hide Money Trails
Nigerian Financial Intelligence Unit (NFIU) has said that terrorist financiers in Nigeria are increasingly exploiting proxy bank accounts, pre-registered SIM cards and phone numbers linked to deceased persons to conceal the identities of individuals controlling illicit funds.
- 6 May 2026
Police Arrest Members of N713m Bank Fraud Syndicate, Chinese Suspect at Large
Nigeria Police Force has arrested two suspects over a N713.9 million fraud linked to a breach involving a third-party banking platform. The police in a statement signed by Anthony Okon Placid, Force…
- 22 Jun 2015
No Going Back On NIN September Deadline- NIMC
The issuing authority for National Identity, the National Identity Management Commission (NIMC) has put 1st September, 2015 in which all transactions involving the identification of individuals must…
- 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.…
- 18 Oct 2021
Don't Allow your NIN to be Linked to Another Person's SIM - NCC Warns Subscribers
The Nigerian Communications Commission (NCC) has strongly warned telecoms consumers to ensure they do not allow their National Identification Number (NIN) to be linked to another person's Subscriber…
- 8 Feb 2024
FG Mandates BoI to Disburse N200bn Intervention Fund
The Federal Government, through the Federal Ministry of Industry, Trade, and Investment (FMITI), has appointed Bank of Industry (Bol) to disburse three funds totaling N200 billion to support…
- 22 May 2025
CBN Introduces AML to Fight Financial Terrorism, Gives Banks Deadline
Central Bank of Nigeria (CBN) has directed all financial institutions to implement real-time transaction alert systems as part of enhanced anti-money laundering (AML) compliance. The directive was…
- 11 Mar 2026
CBN Directs Banks to Activate Anti-Money Laundering Systems
Central Bank of Nigeria (CBN) has issued new baseline standards requiring banks and other financial institutions to deploy automated anti-money laundering systems capable of detecting suspicious…
- 27 Oct 2025
NAICOM Tightens KYC Rules to Strengthen Market Transparency
The National Insurance Commission (NAICOM) has issued a new directive mandating all insurers and brokers in the country to obtain verifiable identity details, including the National Identification…
- 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…
- 16 Sept 2025
FG’s New Tax ID Could Frustrate Financial Inclusion Efforts- Omoyele
Dr Daramola Omoyele, an economist and data analyst has warned that the introduction of a Tax Identification Number (TIN) under Nigeria’s new taxation legislation could compromise efforts towards…
- 25 Sept 2017
FG to Harmonize BVN, Others into National Identity Database
By Fabian Tarpael, Abuja The Federal Government has announced its decision to stop what it called proliferation and duplication of biometric-based identity systems in the country. Mrs. Habiba Lawal,…
- 23 Feb 2026
Retiree Slams N50m Suit against over Alleged Privacy Breach, Unauthorized Accounts
Abiodun Olokunjuwon, a retired civil servant based in Ibadan has instituted a N50 million lawsuit against Moniepoint Microfinance Bank at the Oyo State High Court, alleging that the fintech company…
- 25 Jul 2025
NIBBS: Banks Close 29.4m Accounts, Dormant Accounts Hit 33.39m
Banks in Nigeria closed 29.4 million accounts as of March 2025, according to the latest report by the Nigerian Interbank Settlement System (NIBSS). The figure represents a sharp year-on-year increase…