• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Sunday, June 29, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

BVN Enrollments Hit 63.4m In September

by Ruth Nwokwu
9 months ago
in News
BVN
Share on WhatsAppShare on FacebookShare on XTelegram

Enrollments for the Bank Verification Number (BVN) by bank account owners in the country have increased to 63.4 million in September 2024, the Nigeria Inter-Bank Settlement System (NIBSS) disclosed in its just released BVN data.

Advertisement

Previous data released by the organisation showed that the enrollment database for BVN stood at 62.7 million in July.

This indicates that a total of 750,048 account owners registered for the BVN in the last two months.

As of December 2023, the total registered BVN stood at 60 million, according to NIBSS data, suggesting that the BVN database grew by 3.4 million so far this year.

The rise in BVN registrations this year may be linked to the Central Bank of Nigeria’s (CBN) directive issued in December 2023, instructing all banks to freeze any accounts not connected to a BVN by April 2024.

RELATED

Marginal Field Awardees: NUPRC Restates Commitment To Transparency Culture

Oil Prices Plunge 6% As Middle East Ceasefire Eases Supply Fears

27 minutes ago
New Afreximbank President To Restructure African Trade

New Afreximbank President To Restructure African Trade

32 minutes ago

Part of the directive also required all commercial, merchant, non-interest, payment service banks, other financial institutions, and mobile money operators, to mandate the BVN or National Identification Number (NIN) for all accounts and wallets.

Meanwhile, the number of active bank accounts in the country shows that there is still a wide gap between the number of accounts and the number of BVN, which is now a compulsory requirement for opening an account.

According to the recent banking data released by NIBSS, the number of active bank accounts in Nigeria stood at 231.1 million in July 2024.

Going by the current number of BVNs, there is still a wide gap between the number of accounts and the registered BVNs.

However, industry analysts believe that the difference may not be much, given that multiple accounts can be linked to a single BVN.

According to Enhancing Financial Innovation and Access (EFInA) and Financial Services in Nigeria 2023 Survey report, 5% or about 3 million of banked adults do not have a BVN or NIN.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can now earn US Dollars from the comfort of their homes with Ultra-Premium domains, acquire them for as low as $1700 and profit as much as $25,000. Click here to learn how you can earn US Dollars consistently.


Tags: BVN
SendShareTweetShare
Previous Post

Diddy Removed From Suicide Watch As New Sexual Assault Lawsuit Emerges

Next Post

Delay In Ambassadorial Appointments Could Cost Nigeria UN Seat — Akande

Ruth Nwokwu

Ruth Nwokwu

You May Like

Marginal Field Awardees: NUPRC Restates Commitment To Transparency Culture
Business

Oil Prices Plunge 6% As Middle East Ceasefire Eases Supply Fears

2025/06/29
New Afreximbank President To Restructure African Trade
Business

New Afreximbank President To Restructure African Trade

2025/06/29
Queen Mary Of Denmark Promises More Investment In Nigeria’s Port Infrastructure
News

Queen Mary Of Denmark Promises More Investment In Nigeria’s Port Infrastructure

2025/06/29
Oyetola
Business

Federal Gov’t Launches Life-jacket Safety Initiative

2025/06/29
Tech Scholar To Drive Academic Vision As OAU’s New DVC
Business

Tech Scholar To Drive Academic Vision As OAU’s New DVC

2025/06/29
MONEY MARKET: Assessing Customers’ Losses To Fraudsters Through Digital Banking
Business

Cybercrime: Half Of Victims Paid Ransom In 2025

2025/06/29
Leadership Conference advertisement

LATEST

Oil Prices Plunge 6% As Middle East Ceasefire Eases Supply Fears

New Afreximbank President To Restructure African Trade

Queen Mary Of Denmark Promises More Investment In Nigeria’s Port Infrastructure

Federal Gov’t Launches Life-jacket Safety Initiative

Tech Scholar To Drive Academic Vision As OAU’s New DVC

Cybercrime: Half Of Victims Paid Ransom In 2025

FG Moves To Curb Brain Drain With Digital Career Pathway For Civil Servants

9PSB Reintroduces Bank9ja App To Deepen Financial Inclusion In Nigeria

Starlink Now Live Nationwide As Konga Offers Free Same-day Delivery

Hunger Nigeria’s Most Dangerous Enemy, Says Audu Ogbeh

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.