Tag
BVN
Enrollments for the Bank Verification Number (BVN) by bank account owners in the country increased to 64.8 this month, according to the latest data released by the Nigeria Inter-Bank Settlement System (NIBSS).
The Chief Executive Officer of the Nigeria Financial Intelligence Unit (NFIU), Hafsat Bakari, has highlighted the pivotal role of the Bank Verification Number (BVN) in Nigeria’s fight against financial crimes.
The Founder and Chief Executive Officer of Lendsqr, Adedeji Olowe, has said that Nigerian banks and fintechs are ready to provide easy access to loans at lower interests once open banking comes on stream.
Enrollments for the Bank Verification Number (BVN) by bank account owners in the country has increased to 63.4 million this September.
The federal government has designated the Nigeria Inter-Bank Settlement System (NIBSS), the Bank Verification Number (BVN), and the National Identification Number (NIN) databases as critical national information infrastructure (CNII).
The Federal Government of Nigeria has disclosed the need for specific identification requirements for its latest financial instrument, the Domestic FGN US Dollar Bond.
Nigeria is on the verge of securing a $500 million loan from the World Bank, a significant financial boost aimed at addressing critical challenges in the country’s education and healthcare sectors.
Enrollments for the Bank Verification Number (BVN) by bank account owners in the country increased to 62.7 million this July.
A Pan-African social enterprise, Paradigm Initiative, has raised an alarm over its discovery of National Identification Number (NIN), Bank Verification Number (BVN), and other data of Nigerians on a website for as low as N100.
The Nigeria Deposit Insurance Corporation (NDIC) has said that it has started the liquidation process of Heritage Bank Plc following the revocation of its banking license by the Central Bank of Nigeria (CBN).
The National Identity Management Commission (NIMC) has said that 107.33 million Nigerians have been enrolled into the National Identification Number (NIN) database as of May 2023.
The data also shows that at the end of 2023, active bank accounts stood at 2022.6 million, meaning that about 17 million new accounts have been opened across the banks between January and March this year.