Amendments to Revised Regulatory Framework for BVN Operations and Watch-List

Central Bank of Nigeria Circular
Summary

Introduces a temporary watchlist (up to 24 hours) for BVNs linked to suspicious transactions pending customer clarification; minimum enrolment age of 18; BVN-linked phone numbers changeable only once; BVN database access restricted to CBN-licensed institutions save for exceptional approvals.

Applicability

All financial institutions and payment service providers.

Open Source Document ↗
Document Details
Date Issued
12 Mar 2026
Date Effective
01 May 2026
Compliance Deadline
01 May 2026
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