FG to replace BVN with NIN – Pantami

FG to replace BVN with NIN

FG to replace BVN with NIN   The minister said this while briefing newsmen after a facility tour and inspection of the ongoing NIN enrolment exercise at NIMC and other designated centres in Abuja. He said he had made a presentation to the National Economic Sustainability Committee and drew the attention of the Central Bank of Nigeria’s Governor on the need to replace BVN with NIN. According to him, the BVN is a regulator’s policy, while NIN is a law. He said, “The strength of the law wherever you go…

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68.238m active bank accounts yet to get BVN


Registration and linking of Biometrics Verification Number (BVN) in the Nigerian financial sector is still moving at a slow pace despite its importance to the providing financial solution and inclusiveness in the country. As at September 6, a report by the Nigeria Interbank Settlement System (NBISS) showed that total bank accounts so far linked to the BVN stood at 43.32 million. Checks by Business Metrics however showed latest statistics also by NiBBS puts total active bank accounts in the country at 111.538 million which leaves much to be desired in…

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How government can ride on COVID-19 to increase BVN enrolment

CBN raises SMEs fund to N300bn as beneficiaries get N149.21bn

By Rarzack Olaegbe The coronavirus pandemic is still here. It has come to destroy, to disrupt and to distribute opportunities. To seize some of these opportunities, you need to understand that things would no longer be done as usual. You see, seizing opportunities is not, will not and cannot be easy. Besides, the opportunity is not canned like sardines. To seize an opportunity and turn it into gold, you need some work, some heavy lifting and sweat. That is what the Central Bank of Nigeria [CBN] needs to do to…

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