BVN

January 22, (THEWILL) — Banking sector fraud in Nigeria recorded a significant decline in 2025, according to industry data presented at the 2026 Nigeria Electronic Fraud Forum (NeFF) Technical Kick-Off Session in Lagos. Figures from the Nigeria Inter-Bank Settlement System...

January 09, (THEWILL) — The number of Bank Verification Number (BVN) enrolments in Nigeria increased by six per cent to 67.8 million in 2025, according to data released by the Nigeria Inter-Bank Settlement System (NIBSS). The latest figure represents a...

May 14, (THEWILL) – In a move to deepen financial inclusion and boost diaspora remittances, the Central Bank of Nigeria (CBN) on Tuesday unveiled a digital platform that enables Nigerians abroad to obtain a Bank Verification Number (BVN)...

December 24, (THEWILL) - In recent years, the Nigerian Government introduced two major identification number systems – the Bank Verification Number (BVN) and the National Identification Number (NIN). These unique numbers are linked to an individual's biometric data and...

December 19, (THEWILL) - The Nigerian Communications Commission (NCC) has directed MTN Nigeria and other telecommunications companies in the country to completely block phone lines that do not have National Identity Numbers or whose NINs have not been confirmed. The...

December 19, (THEWILL) - In recent years, the Nigerian Government introduced two major identification number systems – the Bank Verification Number (BVN) and the National Identification Number (NIN). These unique numbers are linked to an individual's biometric data and...

December 01, (THEWILL) - The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) and other financial institutions operating in the country, to place a "Post no Debit” on all bank accounts without Bank Verification Number (BVN)...

May 10, (THEWILL) - The Central Bank of Nigeria (CBN) has dismissed reports that the Bank Verification Number (BVN) issued by the Bank in collaboration with the Nigeria Inter-Bank Settlement System (NIBSS) expires after a ten-year period. According...

May 02, (THEWILL) - Enrolment in the Bank Verification Number (BVN) system rose to 57.43 million as of March 31, 2023. The scheme has also contributed in fighting fraud and crime in the financial services industry. This disclosure was made...

BEVERLY HILLS, April 18, (THEWILL) - The Federal Government has commenced partial payment of the N20,000 monthly stipend to the 774,000 beneficiaries of the Special Public Works programme. The Minister of State, Labour and Employment, Festus Keyamo (SAN), disclosed this...