CBN, Banks Introduce New Measure to Boost Finances
December 15, 2019
3:03 am
As part of efforts to enhance financial inclusion in the country, the Central Bank of Nigeria (CBN) and banks, under the aegis of the Bankers’ Committee, have concluded plans to simplify the requirements for the Bank Verification Number (BVN) for certain types of transactions.
CBN Governor, Mr. Godwin Emefiele, disclosed this yesterday, while briefing journalists at the end of a two-day annual Bankers’ Committee retreat at Ogere, Ogun State.
The retreat had the theme, “Delivering Inclusive Growth: Leveraging Digital Finance”.
A BVN is a biometric identification system implemented by the CBN to curb illegal banking transactions in Nigeria. It is …
