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...

Nigeria's E-transactions Hit N1.07 quadrillion in 2024 Electronic payment transactions in Nigeria rose to N1.07 quadrillion in 2024, reaching an all-time high and the first time to hit the quadrillion mark, according to the Nigeria Inter-Bank Settlement System. The data released by NIBSS showed that the...

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...

In Five Years, BVN Enrolment Jumps 38% to 63.1 million - Report The number of Nigerians enrolled under the Bank Verification Number system has surged by 38 per cent over the past five years, reaching 63.1 million in September 2024. This is contained in data from...