30 results
- News2 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…
- News8 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…
- News30 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…
- News8 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…
- News7 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,…
- News6 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…
- News19 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…
- News15 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…
- News8 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…
- News6 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…
- News7 Jul 2025
CBN Sets Record Straight on Diaspora BVN Fee, Confirms No Hidden Charges
Central Bank of Nigeria (CBN) has addressed growing concerns surrounding the newly introduced Non-Resident Bank Verification Number (NRBVN) platform, firmly stating that there are no hidden charges…
- News4 Jul 2025
Court Affirms NIBSS Authority to Manage BVN
Federal High Court in Abuja on Friday affirmed the authority of the Nigeria Inter-Bank Settlement System (NIBSS), to manage the Bank Verification Number (BVN), database across the country, in line…
- News23 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…
- News26 Sept 2024
BVN Enabled Us in Timely Payment of 85 Percent of Heritage Bank Depositors — NDIC
Mr Bello Hassan, managing director/CEO, Nigeria Deposit Insurance Corporation (NDIC), has said that the use of Bank Verification Numbers (BVN) facilitated the successful reimbursement of 84.98 per…
- News30 Jun 2024
Why Some Heritage Bank Customers are Yet to be Paid – NDIC
Nigeria Deposit Insurance Corporation (NDIC) has said that account names discrepancies in Bank Verification Number (BVN) linked alternate account of some defunct Heritage Bank customers is delaying…
- News17 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…
- News17 Mar 2024
BVN Registration Hits 61.16m
Nigeria Inter-Bank Settlement System has said the registration for the Bank Verification Number (BVN) has now increased to 61.16 million, according to Vanguard report. NIBSS disclosed this on its…
- News4 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…
- News29 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…
- News22 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…
- News28 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…
- News25 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…
- News1 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”…
- News19 May 2023
CBN Asks Banks to Close Accounts not Linked to ID
Central Bank of Nigeria (CBN) has given banks in Nigeria 30 days to close accounts that have not been linked to a biometric Bank Verification Number (BVN). This is part of a review of the BVN’s…
- News10 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…
- News2 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…
- News19 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.…
- News7 Mar 2022
PTAD Saves N7Bn through BVN Verification of Pensionersa
Pension Transitional Arrangement Directorate (PTAD) has said that over N7 billion has been saved through the use of Bank Verification Number (BVN) in its verification of pensioners under the Defined…
- News14 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…
- News13 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)…