Africa Business News

Nigeria’s Central Bank, in collaboration with the Nigeria Inter-Bank Settlement System launched a platform to make it easier for Nigerians living abroad to get their Bank Verification Number (BVN) remotely. Nigerians abroad are expected to get a Non-Resident Bank Verification Number and they are required to pay ₦80,000 ($50). The launch of the NRBVN platform is part of a bigger push to drive remittance inflows— money sent from workers abroad back to their home country—and strengthen Nigeria’s foreign exchange reserves as remittances are a significant source of foreign exchange for the country. Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-business-news--4166630/support.