NDIC Covers 99% of Depositors, Pushes for BVN Linkage
The Nigeria Deposit Insurance Corporation (NDIC) has said that about 99 per cent of depositors in Nigerian banks are fully covered under its enhanced deposit insurance scheme, urging customers to link their Bank Verification Numbers to...
The Nigeria Inter-Bank Settlement System (NIBSS) data has shown that the number of Nigerian bank account owners linked to Bank Verification Number (BVN) hit 66.2 million at the end of July, 2025.
Banks Active Accounts Hit 331.6M in One Year
Nigeria’s banking sector saw a remarkable expansion in 2024, with active accounts surging to 331.6 million by December, reflecting an increase of 122.3 million accounts from 209.3 million in January 2024.
In January, 2024, Nigeria recorded 209.3 million...
BVN Enrolments Now 64.8 million – NIBSS
Enrollments for the Bank Verification Number (BVN) by bank account owners in the country increased to 64.8 million in January, according to the latest data released by the Nigeria Inter-Bank Settlement System (NIBSS).
Previous data released by the organization...
Ahead of CBN Deadline, BVN Enrollment Nears 60m
As the Central Bank of Nigeria’s December 18, 2023, deadline approaches for the registration for the Bank Verification Number, the number of registered Nigerians has hit 59.9 million.
This is according to the latest BVN registration data update...
Reps Probe N1.2trn Unclaimed Funds In Banks
The House of Representatives’ Ad Hoc Committee on Unclaimed Funds in the Nigerian Commercial Banks and Infractions by the Central Bank of Nigeria has begun investigation of funds stuck in commercial banks due to the alleged failure to...
