LunagisthubCBN Revolutionizes Diaspora Remittances with Non-Resident BVN
The Central Bank of Nigeria (CBN) has launched the Non-Resident Bank Verification Number (NRBVN) platform, a groundbreaking digital gateway that enables Nigerians in the diaspora to obtain a Bank Verification Number (BVN) remotely. This initiative aims to increase diaspora remittances and enhance financial inclusion.
Nigerians in the diaspora can now obtain a BVN without physically visiting Nigeria.
The CBN aims to reach $1 billion in monthly diaspora remittances and $12 billion The NRBVN platform is expected to lower the high cost of remittances in Sub-Saharan Africa.
The NRBVN platform is a significant step towards financial inclusion and bridging the gap between Nigeria and its global citizens. By making it easier for Nigerians in the diaspora to send remittances, the CBN aims to boost the country’s economy and foster continued engagement with stakeholders.
The launch of the NRBVN platform is a milestone in Nigeria’s financial inclusion journey. As the CBN continues to optimize the platform, it is expected to have a positive impact on diaspora remittances and the broader economy.
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