CBN Tightens BVN Rules — What It Means for Bank Customers from May 1st
Nigeria’s central bank is introducing new rules around the Bank Verification Number (BVN), a move that could change how millions of people use digital banking services. The Central Bank of Nigeria (CBN) says the measures, set to take effect from May 1, are aimed at strengthening security, reducing fraud and improving control over the country’s financial system.