Bank Verification Number
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A biometric identification system in Nigeria that enhances the security and efficiency of financial transactions.
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The CBN has a plan to make regulation work for fintechs. Here is what it looks like.
TechCabal - Feb 26, 2026
The CBN released the Fintech Policy Insight Report on February 2, 2026, developed through extensive stakeholder engagement. Nigeria processed close to 11 billion transactions through its Instant Payment platform in 2024, a significant increase from 5 billion in 2022.
NIBSS Instant PaymentBank Verification NumberFintech Advisory CouncilCentral Bank of NigeriaCompliance-as-a-Service
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