1. CBN to Freeze Accounts Without BVN or NIN from April 2024, Sparks Nationwide Concerns

    Nigeria CBN to Freeze Accounts Without BVN or NIN from April 2024, Sparks Nationwide Concerns

    The Central Bank of Nigeria (CBN) has issued a circular outlining its plans to freeze accounts lacking a Bank Verification Number (BVN) or National Identification Number (NIN) starting April 2024. The announcement, detailed in a Friday circular, revealed that a BVN or NIN verification process...
  2. CBN Initiates Cash Transfers: Nigerians Must Have NIN and BVN to Qualify, Says FG

    Nigeria CBN Initiates Cash Transfers: Nigerians Must Have NIN and BVN to Qualify, Says FG

    Here are 12 things to know about the Nigerian government's Conditional Cash Transfer: Expansion of National Social Register: The Federal Government is expanding the National Social Register to include pensioners and ex-servicemen under its Conditional Cash Transfer scheme. Removing...
  3. Cash Transfers Begin for 15 Million Households

    Nigeria Cash Transfers Begin for 15 Million Households

    The Federal Government of Nigeria is expanding its Conditional Cash Transfer scheme, aiming to accommodate pensioners and ex-servicemen while removing those who have crossed the poverty line from the beneficiary list. They are also disqualifying individuals without National Identification...
  4. Simplifying Lives: Nigeria's Unified ID System Set to Bring BVN, NIN and SIM together

    Nigeria Simplifying Lives: Nigeria's Unified ID System Set to Bring BVN, NIN and SIM together

    The Nigerian government has restated its commitment to centralizing its data through the National Identity Management Commission (NIMC). Hon. Olubunmi Tunji-Ojo, the Minister of Interior, emphasized the government's dedication to the program's success and confidently stated that the era of...
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    Metro Nigerians express outrage as FG announces on Twitter that all bank account owners are to undergo compulsory registration exercise different from BVN
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    Metro FG asks bank account holders to register again — despite BVN - The Cable
  7. Nigeria Business News

    Business CBN ends credit to firms, individuals without TIN, BVN – Vanguard News

    The Central Bank of Nigeria (CBN) has mandated commercial banks to stop lending to firms without Tax Identification Number and individuals not having Bank Verification Number (BVN). This was contained in its latest exposure draft on the review of the Prudential Guidelines, PG, for … Read...
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    Digital Keeping your Bank Verification Number safe – Punch Newspapers

    I have always stated on this column, and elsewhere, that one of the most potent ways to fight and drastically reduce the scourge of corruption that has so terribly besieged our country is implementing innovative technological solutions. Of course, the political will to follow through is quite...
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    Business Court adjourns hearing on BVN money forfeiture till March – BusinessDay : News you can trust

    The suit challenging the Federal Government on the forfeiture order obtained from a Federal High Court in Abuja, to take over monies not linked to Biometric Verification Number (BVN), Tuesday, was put off till March 1. The case was instituted by Access Bank and 19 others on … via BusinessDay...
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    Business CBN Extends BVN To Micro-finance Banks

    The Central Bank of Nigeria (CBN) has extended the Bank Verification Number (BVN) exercise to microfinance banks. This was disclosed in a circular dated April 21 with reference number OFI/DIR/CIR/GEN/17/139 and signed by the CBN Director in charge of Other Financial Institutions Supervision...
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    Metro Alibaba - Why N49million Found In Kaduna Airport Could Not Be Moved

    Popular Comedian, Alibaba has weighed in on the unexplained N49million found at the Kaduna Airport. READ: EFCC Seizes N49Million At Kaduna Airport Alibaba in an Instagram post wrote, ''Some time ago, I wrote about how cash movement drove up the exchange rate of the dollar. I smiled when I...
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    Metro Blame Salary Payment Delay on BVN – Kwara Gov't Tells Workers

    The Kwara State Government has attributed the delay in the payment of some civil servants and pensioners’ salaries to the ongoing Bank Verification Number (BVN) exercise in the state. The state also emphasized that all cleared workers and pensioners in the state will continue to receive...
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    4 Important Things Every Nigerian Bank Account Holder Should Know

    A lot of people have issues with their accounts simply because of their ignorance of little details. Below are four things you should know as a Nigerian bank account holder 1. Account Name/Number: It would amaze you to know that most people do not even know their account numbers. Every...
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    Metro Nigeria: How FG Eliminated Over 23,000 Ghost Workers Through BVN

    The President Mohammadu Buhari led federal government within 8 months into office has eliminated over 23,000 ghost workers from its pay roll. According to Vanguard, the federal government had saved about N2.293 billion monthly in what should have been paid out to non-existent workers or those...
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    MTN Nigeria: How To Update Your SIM Registration Details With Your BVN Number

    Good news!! MTN Nigeria has introduced an easy way in which you can register your SIM just with your BVN. No more long queues, no more stress. All you need to do is to text BVN, BVN Number, Mother's maiden name to 799. Check the image below.
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    Business CBN Says BVN Registration Continues

    The Central Bank of Nigeria has announced the continuation of the Bank Verification Number (BVN) registration of bank accounts despite the expiration of the deadline on Saturday, October, 31. The spokesman of the CBN, Ibrahim Muazu speaking to newsmen yesterday November 1st, said although...
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    Business BVN Deadline: Banks Set To Deactivate Unregistered Accounts

    The Central Bank of Nigeria has ruled out possibility of extending the deadline for Bank customers that are unable to obtain their bank verification numbers (BVNs) before the close of business today, Friday. These customer would not be able to operate such accounts again. The Central Bank of...