Nigerians living abroad will now pay N80,000, about $50 processing fee, to obtain their Non-Resident Bank Verification Number (NRBVN). The Central Bank of Nigeria launched the NRBVN in collaboration with the Nigerian Inter-Bank Settlement System The CBN disclosed that Nigerians abroad can register for their NRBVN by visiting nrbvn.com or https//nrbvn.com to create an account.The Central Bank of Nigeria (CBN) launched the NRBVN platform recently in partnership with the Nigeria Inter-Bank Settlement System (NIBSS).The move was designed to simplify the process for Nigerians abroad to access BVN registration without visiting the country. Despite the BVN being free in Nigeria, applicants from the Diaspora will pay a processing fee. The development has drawn varied reactions from diasporan Nigerians. Kkkk According to reports, the apex bank sees the new platform as part of its larger aim to increase financial inclusion and integrate diaspora Nigerians into the local economy. Via the platform, Nigerians living abroad can now access Non-Resident Ordinary Accounts (NROA) and the Non-Resident Nigerian Investment Accounts (NRNIA), allowing them to save, invest, and engage with Nigeria’s financial sector seamlessly.
