The Central Bank of Nigeria has partnered with the Nigeria Inter-Bank Settlement System (NIBSS) to launch Non-Resident BVN (NRBVN) – a secure, digital payment banking gateway for Nigerians in diaspora. The financial regulator confirmed the launch in a series of tweets on its official X page.

In the tweet, the CBN governor, Olayemi Cardoso, described the launch of NRBVN as a major milestone in Nigeria’s financial inclusion drive. He added that the launch also reflects the CBN’s commitment to driving innovation, inclusive growth, and economic integration.

He said “Through digital verification and robust Know Your Customer (KYC) processes, Nigerians across the globe can now remotely obtain their BVN swiftly and securely”.

As revealed, the NRBVN is a single digital platform that provides Nigerians abroad with a variety of services, including opening of accounts, safe fund transfer, and access to banking services with convenience at a lower cost.

The governor also urged local banks to develop products that can also cater to the needs of Nigerians abroad. He noted that such innovation would significantly boost remittance flows through channels while deepening financial inclusion.

Meanwhile, Cardoso also reaffirmed the financial apex body’s commitment to a target of $1 billion in monthly remittances. He also emphasised the need for stakeholders to adhere to the FX Code and regulatory guidelines to preserve market stability and trust.

“The NRBVN is a dynamic, evolving platform—a bridge connecting Nigeria with its global citizens—and reaffirms the Bank’s commitment to lowering remittance costs and expanding financial inclusion for all Nigerians” Cardoso added.

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