Nigerians in diaspora can now acquire their BVN remotely via the newly launched NRBVN platform by CBN and NIBSS. Discover out the step-by-step course of, crucial paperwork, charges concerned, and the way this initiative is about to revolutionize {financial} entry for Nigerians dwelling overseas.
In a bid to ease {financial} entry for Nigerians dwelling overseas, the Central Bank of Nigeria (CBN), alongside the Nigeria Inter-{Bank} Settlement System (NIBSS), has launched a brand new platform for diaspora Nigerians to register for the {Bank} Verification Quantity (BVN) remotely. This platform, often known as the Non-Resident {Bank} Verification Quantity (NRBVN), represents a game-changer for Nigerians overseas who beforehand confronted the problem of returning residence for BVN registration.
A New Period for BVN Registration Overseas
Launched on Could 13, 2025, the NRBVN platform permits Nigerians residing abroad to use for his or her BVN on-line for a compulsory charge of $50 (roughly N80,000). It is a departure from the free {Bank} Verification Quantity registration inside Nigeria however is designed to cowl the price of biometric enrolment that candidates overseas can’t entry bodily.
CBN Governor Olayemi Cardoso defined that this initiative goals to increase {financial} inclusion amongst Nigerians within the diaspora by offering seamless entry to banking companies and decreasing id fraud.
Step-by-Step Information: The best way to Apply for NRBVN
- E mail Affirmation and Account Activation
- Upon registration, customers obtain a hyperlink through electronic mail to activate their account and set a safe password.
Two-Issue Authentication Setup
- Candidates should then scan a QR code utilizing a two-factor authentication app akin to Google Authenticator, including a layer of safety.
- As soon as authenticated, candidates select their person class amongst three choices: ‘Nigerian, no BVN’, ‘Nigerian, BVN’, or ‘Nigerian by descent’.
Paperwork Required for NRBVN Registration
The first doc required is a legitimate Nigerian passport. Nevertheless, in circumstances the place a legitimate passport is unavailable, candidates can submit different paperwork akin to:
- Expired Nigerian passport
- Legitimate international passport or residence allow
- Work allow or proof of employment
- Proof of tax funds within the nation of residence
- International {bank account} statements
This complete doc record accommodates the various statuses of Nigerians overseas.
Obligatory N80,000 Registration Price and Fee Course of
In contrast to native {Bank} Verification Quantity registration, the NRBVN comes with a non-refundable registration charge of $50 (about N80,000). Candidates should pay this charge via safe platforms accepting Visa or Mastercard. The cost gateway, powered by Tazapay, ensures protected and clean transactions globally.
As soon as cost is profitable, the NRBVN system validates the submitted information, and accredited candidates obtain their NRBVN inside 72 hours.
Impression of NRBVN on Nigeria’s {Financial} Panorama
The NRBVN platform is predicted to considerably enhance Know-Your-Buyer (KYC) compliance throughout Nigeria’s banking sector. It’ll assist fight id fraud, tighten regulatory oversight of fintechs, and improve transparency of international trade inflows and diaspora remittances.
For Nigerians in diaspora, this initiative marks a essential step towards improved {financial} inclusion and better comfort.
