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.

This is revealed by fresh data released by the Nigeria Inter-Bank Settlement System (NIBSS), highlighting the expansion of financial inclusion efforts across the country.

Despite increased network glitches across networks in the first three months of 2025, electronic payment transactions, across various platforms, rose by 22 per cent to N284.9 trillion in the first quarter of 2025.

CBN's NRBVN Rollout: Rewiring Diaspora Banking Access ‎By Zekeri Idakwo Laruba ‎In a landmark move to drive financial inclusion and boost diaspora engagement, the Central Bank of Nigeria (CBN), in collaboration with the Nigeria Inter-Bank Settlement System (NIBSS), has unveiled the Non-Resident Bank Verification Number (NRBVN)....

Nigeria’s Banking Fraud Hits N52bn in 4yrs – NIBSS Fraud transactions in Nigeria’s banking system have tripled over the past four years from N11 billion to N52 billion, statistics from the Nigeria Inter-Bank Settlement System (NIBSS) has shown. An analysis published by the NIBSS on Wednesday...

Over 19.7 million Accounts Dormant, Unclaimed - CBN The number of dormant bank accounts in Nigeria is over 19.69 million, according to the industry customer account database released by the Nigeria Inter-Bank Settlement System. The data, which tracks monthly account statuses throughout 2024, indicates a steady...