Nigeria Daily
In-depth analysis, incisive commentary and beyond the surface look at the top and trending news of the day.
Nigeria Daily
What You Should Know About The New BVN Rules
•
Daniel Ariyo Oluwole
Use Left/Right to seek, Home/End to jump to start or end. Hold shift to jump forward or backward.
If you use mobile banking in Nigeria, new BVN rules will take effect from May 1 across all BVN-linked bank accounts.
The Central Bank of Nigeria says the measures including one device per banking app, extra verification for device changes, transfer limits, and stricter registration rules are aimed at improving security and reducing fraud.
In this episode of Nigeria Daily, we explain what these changes mean and what every bank customer should know before May 1.