The Central Bank of Nigeria (CBN), in collaboration with the Nigeria Inter-Bank Settlement System (NIBSS), has launched the Non-Resident BVN (NRBVN) to provide a secure digital gateway to banking for Nigerians abroad.
This is part of Nigeria’s drive towards greater financial inclusion, as through digital verification and robust Know Your Customer (KYC) processes, Nigerians across the globe can now remotely obtain their BVN swiftly and securely.
CBN governor, Olayemi Cardoso, notes that the NRBVN offers a single digital gateway that enables Nigerians abroad to open accounts, send funds securely, and access banking services with greater convenience and lower costs.
“The NRBVN is a dynamic, evolving platform—a bridge connecting Nigeria with its global citizens—and reaffirms the Bank’s commitment to lowering remittance costs and expanding financial inclusion for all Nigerians,” He said. Mr. Cardoso also doubled down on the CBN’s plans to take monthly remittances from Nigerians in Diaspora to $1 billion while emphasizing the need for all stakeholders to comply with the FX Code and regulatory guidelines to preserve market stability and trust.
