Nigeria: CBN Launches BVN for Nigerians in Diaspora

14 May 2025
Daily Trust (Abuja)
By Philip Shimnom Clement

The Central Bank of Nigeria (CBN), in collaboration with the Nigeria Inter-Bank Settlement System (NIBSS), has officially launched the Non-Resident Bank Verification Number (NRBVN) platform.

This innovative digital gateway, according to the apex Bank, allows Nigerians in the diaspora to obtain a BVN remotely without the need for a physical presence in Nigeria.

Speaking at the event held in Abuja on Tuesday, the Central Bank Governor, Mr. Olayemi Cardoso, described the initiative as a milestone in Nigeria's financial inclusion journey and a critical bridge connecting the country to its global citizens.

"For too long, many Nigerians abroad have faced difficulties accessing financial services at home due to physical verification requirements," said the Governor.

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"The NRBVN changes that. Through secure digital verification and robust Know Your Customer (KYC) processes, Nigerians worldwide should now be able to access financial services more easily and affordably," he added.

The Governor emphasised that the NRBVN is a dynamic platform, "not the final destination, but the beginning of a broader journey."

Cardoso urged Stakeholders across the financial ecosystem, including banks, fintechs, and International Money Transfer Operators (IMTOs), to integrate and collaborate in shaping and refining the system as it evolves."We are building a secure, efficient and inclusive financial ecosystem for Nigerians globally," Cardoso said. "This platform is not just about financial access, it's about national inclusion, innovation, and shared prosperity," he further stated.

Also speaking, the deputy governor in charge in charge of economic policy, Dr. Mohammed Sani noted that the NRBVN stands as a transformative tool, meticulously designed to enhance the banking experience for our diaspora community.

"By providing secure, remote access to financial services, this platform simplifies the process of maintaining robust banking relationships, facilitating meaningful investments in Nigeria, and supporting the seamless flow of remittances. It is our firm belief that this initiative will not only strengthen economic ties but also foster a sense of pride and belonging among Nigerians worldwide, encouraging them to play an even greater role in our nation's development," Sani added

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