Nigeria Central Bank launches digital platform

The Central Bank of Nigeria (CBN) has launched the Non-Resident Bank Verification Number (NRBVN) digital platform to help Nigerians abroad remotely obtain Bank Verification Numbers (BVNs).
This platform aims to simplify access to Nigerian financial services, supporting remittance flows and financial inclusion by removing the need for physical verification in Nigeria.
The initiative is a collaboration with the Nigeria Inter-Bank Settlement System (NIBSS) and enables access to various financial accounts, including savings, investment, insurance, and pension services.
The CBN plans to increase monthly diaspora remittances to USD 1 billion and is encouraging banks, fintech companies, and money transfer operators to integrate NRBVN into broader financial services.