Archive BVN Enrollment Hits 47 Million

BVN Enrollment Hits 47 Million

-

- Advertisment -

Enrollment of Bank Verification Number (BVN) for savings, fixed and current accounts in Nigeria has climaxed 46.39 million for the, Daily Trust has learned.

According to the industry data by the Nigerian Inter-Bank Settlement System (NIBSS), the recorded number was attained at the end of August from the July record of 36.79 million.

The record indicated that in August alone, 9.6 million new BVN were enrolled for the reactivation of existing unregistered commercial accounts as well as Nigerians newly domiciling their accounts with banks across the country.

Comparatively, year-on-year turn-up of holders of commercial bank accounts towards the registration of the unique identity has grown 238 per cent compared with 13.74 million obtained the same period in 2015.

From 30.13 million in January, this year, enrollment gained traction to 31.11 million, 32.2 million and 33.63 million in February, March and April respectively.

As banks more new accounts domiciled by the commercial banks, it was learnt, the figure equally risen to 35.44 million in May; 36.11 in June and 36.79 in June.

In a related development, the Central Bank of Nigeria (CBN) has revealed plan to extend the BVN registration project to customers of other Financial Institutions (OFIs).

The OFIs include Microfinance Banks, Primary Mortgage Institutions and others, which conduct financial transactions such as investments, loans and deposits.

CBN Director, Banking and Payment Systems Department, Mr Dipo Fatokun, made the disclosure recently at a bi-monthly forum organised by Finance Correspondents Association of Nigeria (FICAN) in Lagos.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

JONAPWD-LAGOS Commends Sanwo-Olu For Restoring Disability Empowerment Fund

Kenneth Afor |  The Joint National Association of Persons Living With Dissabilities (JONAPWD ) in Lagos state has commanded Babajide...

Groups Call On Judicial Panels Of Inquiry To Dispense Justice On Victims, Survivors Of Police Brutality

Kenneth Afor | The Network on Police Reform in Nigeria (NOPRIN) and Centre for Law Enforcement Education (CLEEN Foundation) has...

COVID-19 Second Wave: FG Urged To Ban Flights From Britain, Others

By Ijeoma Ukazu | With some countries currently experiencing the spread of the new COVID-19 variant, the Health Writers’ Association...

“I am not distracted by calls for 2023 presidential race” — Yahaya Bello

Kogi state Governor Yahaya Bello has said calls for him to contest in the forthcoming 2023 presidential election is...

AfDB Provides $25m To Boost Low-Carbon Energy Generation

The African Development Bank’s Board of Directors on Monday, December 14, 2020 approved $15 million from the Sustainable Energy...

Civil Defence Receives COVID-19 Testing Equipment

The Commandant General, Nigeria Security and Civil Defence Corps, Abdulahi Gana Mohammadu on Friday in his office received Covid...

Must read

JONAPWD-LAGOS Commends Sanwo-Olu For Restoring Disability Empowerment Fund

Kenneth Afor |  The Joint National Association of Persons Living...
- Advertisement -

You might also likeRELATED
Recommended to you

%d bloggers like this: