BREAKING NEWS: CBN’s deadline: NIN-BVN registration surges to 61.16m in March

CBN’s deadline: NIN-BVN registration surges to 61.16m in March

's deadline: NIN-BVN registration surges to 61.16m in March

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Ahead of the April 2024 deadline by the , the registration for Verification Number, BVN, increased to 61.16 million on March 15, 2024.

The Inter-Bank Settlement System (NIBSS) disclosed this in its latest BVN database.

The figure represents an increase from the 59.9 million recorded on January 26, 2024.

Accordingly, this shows that 674,280 new registrations for BVN were recorded between late January and mid-March this year.

Recall that in December last year, the apex bank also directed commercial, merchant, non-interest, payment service banks, other financial institutions, and mobile operators through a circular that the BVN or , NIN, attached to all accounts/wallets must be electronically revalidated by January 31, 2024.

The apex had ordered banks to freeze Tier-1 accounts without a BVN or National Identification Number, NIN, from April 2024.

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