Bank Verification Number

The Central Bank of Nigeria (CBN) has disclosed that only 57.4 million Nigerians have Bank Verification Number (BVN). The apex bank, in collaboration with Nigerian Interbank Settlement System (NIBSS), bankers committee and all Nigerian…

The Federal Government has ordered all bank account holders in the country’s financial institutions to register their details again. The order was given despite the possession of the Bank Verification Number (BVN) and the National…

The Central Bank of Nigeria (CBN) has ordered banks to provide the domiciliary account statements of some high profile customers and other accounts linked to the customers through the Bank Verification Number (BVN). It disclosed this in…

The Economic and Financial Crimes Commission (EFCC) has said its intervention had assisted to save N4.5 billion monthly, lost to ‘ghost workers’ on the Federal Government’s payroll. A statement on by EFCC Spokesman, Mr. Wilson Uwujaren,…

The Central Bank of Nigeria, CBN, issued a circular in July, entitled: “Regulatory measures to improve lending to the real sector of the Nigerian economy”. The key take out from the circular is to ensure that all banks have a minimum…

Babajide Okeowo The Nigerian Inter-Bank Settlement Systems (NIBSS) has revealed that 34.728 million bank accounts across Nigeria are yet to be linked to the Bank Verification Number (BVNs). According to data released by NIBSS few days…

Deputy President, Rice Farmers Association of Nigeria (RIFAN), Mr. Segun Atho, has hinted of plans to build a 130,000 metric tonnes rice processing plant in Delta State. Atho disclosed this, on Wednesday, when his visited Asaba, Ibrede…