BVN REGISTRATION REACHES 60.2 MILLION AS JANUARY 31ST DEADLINE NEARS
Written by Olakunle Oke on January 11, 2024
Just 21 days remain until the Central Bank of Nigeria’s (CBN) deadline for all bank customers to obtain a Bank Verification Number (BVN). Encouragingly, data from the Nigerian Interbank Settlement System (NIBSS) shows a surge in registrations, bringing the total number of BVN holders to over 60.2 million.
This marks a significant jump of 2.6% since the 58.7 million registrations recorded on September 12, 2023, prior to the CBN’s directive. In December 2023, the apex bank issued a circular mandating all financial institutions, including commercial, merchant, non-interest, payment service banks, other financial institutions, and mobile money operators, to electronically revalidate all BVN and National Identification Number (NIN) linkages for all accounts and wallets by January 31, 2024.
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SOURCE: Jordan105.5 News Bulletin.
