The Central Bank of Nigeria (CBN), in partnership with the Nigeria Inter-Bank Settlement System (NIBSS), has unveiled the Non-Resident Bank Verification Number (NRBVN) platform to improve financial access for Nigerians living abroad.
The new platform allows diaspora Nigerians to obtain their BVN remotely, eliminating the need to travel back to Nigeria for registration. Speaking at the launch in Abuja, CBN Governor Olayemi Cardoso hailed the initiative as a major step toward greater financial inclusion and economic integration for global Nigerians.
“This platform simplifies access to financial services for our citizens abroad while reinforcing secure and compliant digital processes,” Cardoso said. He also revealed that remittances rose from $3.3 billion in 2023 to $4.73 billion in 2024 and projected that NRBVN could help achieve a monthly remittance target of $1 billion.
NIBSS CEO Premier Oiwoh emphasized that the system meets global compliance standards, while CBN Deputy Governor Muhammad Abdullahi called the platform a game-changer for diaspora banking and economic connectivity.
The NRBVN is part of a broader suite of offerings, including diaspora-focused accounts and investment channels, designed to deepen financial inclusion and unlock the economic potential of the Nigerian diaspora.
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