Nigeria, July 7 -- The Central Bank of Nigeria (CBN) has come to clarify the air of recent online reports that Nigerians now pay for Bank Verification Number (BVN) registration.

In a release on Monday, the apex bank cleared categorically that BVN registration is still free to all Nigerians residing in Nigeria.

This clarification came after a wide rumour and speculation on social media which has associated the new Non-Resident Bank Verification Number (NRBVN) portal with extra or secret charges. In a refutation by way of its Acting Director of Corporate Communications, Mrs. Hakama Sidi Ali, the CBN discounted the misinformation and reaffirmed the bank's support for transparency and equitable financial inclusion.

NRBVN platform is a new ...