Nigeria Active bank accounts linked to BVN now 43.3m

Looking for job? your search ends here! Visit https://recruitmentportalngr.com/  to apply now OR Send us a WhatsApp Message here!




Nigeria Active bank accounts linked to BVN now 43.3m – Active bank accounts linked to Bank Verification Number (BVN) as at September 6 stood at 43.32 million, a report by the Nigeria Interbank Settlement System (NBISS) has shown.

The BVN data, falls short of the Central Bank of Nigeria’s (CBN’s) target of 100 million customers enrolment on the BVN network in the next five years, but was an improvement from about 36 million captured  in the last one year.

The the number of new account opening and enrolment on BVN platform by bank customers was attributed to the increasing number of customers opening new accounts and those regularising delinquent accounts following the challenges they faced at the peak of the COVID-19 pandemic.

The crowds in banks’ branches have however dropped significantly in recent months, compared to what obtained during the over six-week economic total lockdown.

Read also: BVN Registration: Beware of Fraudsters – CBN Cautions Bank Customers

According to the CBN Update released recently, the apex bank said increase in BVN enrollment would address the constraint that poor identification has on the availability of credit to prospective banking customers, particularly, those in the informal sector.

The BVN project, which captures the uniqueness of every bank customer, is one of the most-innovative projects introduced into the Nigerian financial system in 2014.

The Bankers’ Committee has also unveiled a new plan that required classification of BVN into two – BVN Premium and BVN Lite.

CBN Governor Godwin Emefiele, said BVN Premium will cover customers that can provide the 18 basic requirements for a complete BVN enrollment, while the BVN Lite will require minimal documentation like name and phone number for bank customers, especially those in the rural areas that do not meet the full requirements.




Do you need high paying jobs in Nigeria? If yes Submit your CV here and stand a chance of landing your dream job!

Be the first to comment

Leave a Reply

Your email address will not be published.


*