By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Daily Report NigeriaDaily Report NigeriaDaily Report Nigeria
Notification Show More
Font ResizerAa
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Reading: NIN/BVN Linkage: CBN sets to Take Action as Deadline Expires
Share
Font ResizerAa
Daily Report NigeriaDaily Report Nigeria
  • METRO
  • NEWS
  • POLITICS
  • SPECIAL REPORT
  • FACT FILE
Search
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Have an existing account? Sign In
Follow US

Home | NIN/BVN Linkage: CBN sets to Take Action as Deadline Expires

Business

NIN/BVN Linkage: CBN sets to Take Action as Deadline Expires

Tare Magbei
Tare Magbei
Published: June 8, 2025
Last updated: June 8, 2025
3 Min Read
Share
NIN/BVN Linkage: CBN sets to Take Action as Deadline Expires | Daily Report Nigeria
SHARE

 

The Nigerian banks, acting on behalf of the Central Bank, have recently notified customers to link their Bank Verification Number (BVN) and National Identification Number (NIN).

 

ATTENTION: Click “HERE” to join our WhatsApp group and receive News updates directly on your WhatsApp!

This is in line with a circular from the Central Bank of Nigeria (CBN) in 2023, which required existing customers to fully profile their accounts created through agents in the Nigeria Inter-Bank Settlement System.

 

The CBN declared on December 1, 2023, that all bank accounts without National Identification Number (NIN) and Bank Verification Number (BVN) will be subject to “Post no Debit” starting from April 2024.

 

READ ALSO: Review Oronsaye Report – Reps to Tinubu

 

The new instruction was included in a circular from the central bank and distributed to all deposit money banks. The central bank also stated that all the NIN or BVN linked to and related to all accounts/wallets must be electronically verified by 31 January 2024.

 

“All Tier-1 bank accounts and wallets for individuals must have NIN and/or BVN.

 

NIN and BVN are still mandatory for Tiers 2 and 3 accounts and wallets for individual accounts,” the apex bank said.

 

 

It also said that from 1 March 2024, any such accounts or wallets that have funds will have the “Post no Debit or Credit” label and be banned from all transactions.

 

The circular specified that all funded accounts or wallets must be put on “Post No Debit or Credit” mode, with no more transactions allowed until compliance is attained.

 

However, the hashtag #NIN/BVN has been popular on X, with many customers expressing worries about the emotional and physical stress involved in the hurry to complete the linkage.

 

While some customers see this as an unnecessary process due to the documentation already needed during the account opening, Nairametrics found out that many may have linked their BVN but have not linked their NIN yet, as required by the new instruction.

 

For tier 2 and 3 accounts and wallets, the CBN’s instruction states that they must be linked with both NIN and BVN, while tier 1 accounts have the choice of linking with either NIN or BVN.

 

Bank sources reveal that some customers who linked their BVN have inconsistencies in their details and will have to correct these to avoid possible account blocks.

 

Despite the difficulties, several bank customers are expressing annoyance and asking the CBN to rethink introducing self-service options to enable customers to perform this process without enduring long lines at the bank.

For publication of Press Releases, Statements, and Advert Inquiries, send an email to info@dailyreport.ng
TAGGED:CBNNIN/BVN Linkage
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest Updates

João Félix Rejoins Ronaldo at Al-Nassr After Chelsea Exit | Daily Report Nigeria
João Félix Rejoins Ronaldo at Al-Nassr After Chelsea Exit
Sports
Esther González Crowned Top Scorer at UEFA Women’s Euro 2025 | Daily Report Nigeria
Esther González Crowned Top Scorer at UEFA Women’s Euro 2025
Sports
Lagos Taskforce Arrests Six for Running Fraudulent Street Lottery | Daily Report Nigeria
Lagos Taskforce Arrests Six for Running Fraudulent Street Lottery
Metro
Ogun Security Operatives Nab Suspect Wanted for Cultism, Kidnapping, Theft | Daily Report Nigeria
Ogun Security Operatives Nab Suspect Wanted for Cultism, Kidnapping, Theft
Metro
Jigawa Police Recover Stolen Vehicle, Arrest Cable Vandal | Daily Report Nigeria
Jigawa Police Recover Stolen Vehicle, Arrest Cable Vandal
Metro

TOPIC

2023 Elections Abuja Accident AFCON Anambra APC Arrest ASUU ASUU Strike Atiku Abubakar Bandits Bayelsa BBNaija Biafra Boko Haram Bola Ahmed Tinubu Bola Tinubu Breaking News Breaking News Nigeria Burna Boy Burutu CBN Celebrity news Chelsea Coronavirus court covid-19 Crime Daily Report Ng Daily Report Nigeria Daily Sports News Davido Delta Delta state DSS Education EFCC Elections English Premier League EPL Family federal government FG FIFA World Cup Football Fraud Godwin Emefiele Goodluck Jonathan Governor Nyesom Wike Gunmen Health Ifeanyi Okowa Imo INEC Insecurity IPOB IYC JAMB Kaduna Kidnap Labour Party Lagos Lagos State Manchester United Marriage Muhammadu buhari Music NASS NDDC NDLEA Niger Delta Nigeria NLC Nnamdi Kanu NNPC Nollywood Nyesom Wike Olusegun Obasanjo Pastor PDP Peter Obi Police Politicians President Bola Ahmed Tinubu President Muhammadu buhari Professor Yemi Osinbajo Protest Rape Reno Omokri Rivers State Senate Sheriff Oborevwori Social Media Suicide Super Eagles Tinubu Top Stories Twitter Victor Osimhen Zamfara

You Might Also Like

Yemi Cardoso Outlines Solutions to Rising Inflation
News

Nigeria’s Foreign Reserves Receive $600m Boost

June 15, 2025
ITC Groans As Phones, Other Electrical Imports Increase | Daily Report Nigeria
Business

ITC Groans As Phones, Other Electrical Imports Increase

June 15, 2025
Naira Policy: We Have No Idea of Supreme Court's Order - CBN | Daily Report Nigeria
News

Naira Policy: We Have No Idea of Supreme Court’s Order – CBN

June 15, 2025
Mark Zuckerberg Undergoes Knee Surgery From MMA Fight Practice | Daily Report Nigeria
Business

Mark Zuckerberg Undergoes Knee Surgery From MMA Fight Practice

June 1, 2025
© Daily Media N Publishing LTD. All Rights Reserved.
  • Home
  • About Us
  • Adverts With Us
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?