Business

BVN registration hits 60.2 million as CBN deadline nears 

Registration for the Bank Verification Number (BVN) increased to 60.2 million as of January 10, 2024. 


This was revealed in the latest BVN registration data released by the Nigeria Inter-Bank Settlement System (NIBSS). Nairametrics had earlier reported that as of December 18, 2023, the BVN database stood at 59.9 million. 


This shows that about 300,000 new registrations for BVN were recorded between late December and early January this year. While registration for the number had been slow throughout 2023, the recent announcement by the Central Bank of Nigeria (CBN) that all bank accounts without BVN would be frozen from April 2024, might have contributed to the increase in registrations.