bvn

The Digest: The Nigeria Deposit Insurance Corporation (NDIC) has stated that it settled depositors of defunct banks, including Heritage Bank and Union Homes, within 72 hours of their closure. Executive Director Emily Osuji attributed the rapid payout to the use of the Bank Verification Number...

The Digest: The Central Bank of Nigeria is considering ending the long-standing requirement for current account holders to provide personal referees. The move aligns with modern digital verification systems like BVN and NIN, which offer more reliable identity and risk assessment. Key Points...

The Digest: Despite billions invested in Nigeria’s national identity system, a rogue website has been selling Nigerians’ sensitive personal data, including NINs and BVNs, for as low as N560. Investigated exclusively by FIJ, the breach has exposed millions of citizens to serious security...

The Digest: The Central Bank of Nigeria (CBN) has moved to clarify confusion surrounding Bank Verification Number (BVN) charges, confirming that BVN enrolment for Nigerians in-country remains entirely free. The apex bank, through its Acting Director of Corporate Communications, Mrs. Hakama...

Nigerians abroad must now pay $50 (₦80,000) to get their Bank Verification Number (BVN), a move critics say penalises diaspora citizens trying to stay connected to the system. The CBN launched a Non-Resident BVN platform for Nigerians overseas Remote registration is now possible, but it costs...