CBN Tightens BVN Rules to Curb ₦1.2tn Fraud Risk, Aligns Nigeria with Global Standards
Nigeria’s digital finance ecosystem is set for a major regulatory shake-up as the Central Bank of Nigeria (CBN) introduces stricter governance rules for the Bank Verification Number (BVN), targeting rising fraud risks across the country’s fast-growing electronic payments space. The revised framework, scheduled to take effect from May 1, 2026, is designed to strengthen identity […]
