Tag: BVN

Easy guide for BVN registration
Banking

Easy guide for BVN registration

If you’re looking to open a bank account in Nigeria, or you already have one, chances are that you have heard about BVN registration. BVN stands for Bank Verification Number, and it’s a unique identifier that is assigned to every customer in the Nigerian banking system. The Central Bank of Nigeria implemented BVN registration in […]

Banking

How Nigeria’s BVN registration hit 56.5m in 2022

The Nigeria Inter-Bank Settlement System, have revealed that banks in Nigeria registered 4.8 million new Bank Verification Numbers in 2022. According to Nairametrics, this increased the nation’s total number of BVNs that were registered to 56.5 million. The size of the BVN database was 51.7 million as of December 2021. The BVN database’s growth slowed […]

News

6,047 BVN on watchlist over fraudulent activities – CBN

  Findings have revealed that the Central Bank of Nigeria has placed at least 6,047 Bank Verification Numbers of bank customers under its watchlist. According to The PUNCH, this was contained in the CBN Financial Stability June 2022 report published in December 2022. 11,871 BVNs have been added to the watch list this year as […]