SAN FRANCISCO, February 04, (THEWILL) – The Central Bank of Nigeria (CBN), Thursday, extended the registration and linkage of Bank Verification Number (BVN) to accounts of Nigerian banks’ customers in the Diaspora to June 30.
According to the CBN, this will help such customers complete the enrolment and link the BVN to their bank accounts.
The apex bank had issued a circular extending the deadline to January 31, 2016, but observed through a recent survey the low percentage of registration of Nigerian banks’ customers in the Diaspora, which may be attributed to lack of accessibility to registration centres and unavailability of registration centres in some cities where Nigerian population is high.
Dipo Fatokun, Director, Banking and Payments System Department, CBN, in a circular released noted that plans were on to deploy more registration centres with high Nigerian population.
The CBN therefore enjoined Nigerian banks’ customers in the Diaspora to seize the opportunity of the extension to register and link their BVN to their bank accounts.
However, the naira on Thursday firmed slightly against the dollar at the inter-bank foreign exchange market. It gained N0.38k or 0.20 percent as it closed at N199/$ compared with N199.38k/$ the previous day.
The local currency depreciated by N1.50k or 0.49 percent each at the autonomous and parallel markets. It closed at N307.50k/$ as against N306/$ at the parallel market.
Story by David Oputah
