How Much Is BVN Registration Fee in Nigeria? (2025 Update)
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| How Much Is BVN Registration Fee in Nigeria? (2025 Update) |
Is There a Fee for BVN Registration in Nigeria?
BVN (Bank Verification Number) registration is completely free for Nigerians residing in Nigeria. The Central Bank of Nigeria (CBN) has confirmed that local BVN enrolment incurs no charges, and any claims that banks or agents are collecting fees for this service are false. The only exception applies to Nigerians abroad registering through the newly introduced Non-Resident BVN (NRBVN) platform.
The NRBVN service, launched in 2025, is designed specifically for Nigerians living outside the country and requires a one-time processing fee of $50 (approximately ₦80,000). This fee covers the cost of biometric verification, secure data handling, and digital infrastructure support. Prior to the introduction of NRBVN, expatriates were paying up to $200 via unofficial or third-party platforms.
BVN Registration Fees at a Glance
| Category | Fee in Nigeria | Fee for NRBVN (Diaspora) |
|---|---|---|
| Local BVN Registration | ₦0 – completely free | N/A |
| NRBVN (if abroad) | N/A | $50 (~₦80,000) |
| Pre-NRBVN foreign enrolment | N/A | Up to $200 (before 2025) |
Why Is BVN Free Locally?
The BVN system was introduced by the Central Bank of Nigeria to enhance security in the banking sector by linking biometric data to individual bank accounts. As a regulatory policy, the CBN has made it clear that BVN enrolment within Nigeria is free and accessible to all Nigerians. Claims that customers need to pay at their local bank branches should be reported as they go against official policy. You can read more about this clarification on the CBN’s official position through statements on platforms like Nairametrics.
How Much Do Nigerians Abroad Pay?
Nigerians living abroad who wish to register for a BVN are now required to use the NRBVN platform introduced in 2025. Through this secure and regulated portal, users are charged a one-time fee of $50, which includes biometric verification and online identity authentication. This new system replaces older third-party agents who often charged Nigerians abroad as high as $200 for BVN enrolment.
How to Register for BVN (Within Nigeria)
To get your BVN locally:
- Visit any branch of your commercial bank.
- Request the BVN enrolment form and fill it out.
- Provide a valid government-issued ID (NIN, voter card, or international passport).
- Submit your biometric data (fingerprints and photo).
- Your BVN will be issued to you via SMS within a few working days.
Key Points to Remember
- BVN registration in Nigeria is free of charge.
- NRBVN is a voluntary service for Nigerians abroad, costing $50.
- Do not pay anyone for local BVN enrolment—it is illegal.
- Your BVN is unique to you and should not be shared carelessly.
- Diaspora BVN registration should be done only via the official NRBVN channel.
Whether you're opening a new bank account or consolidating existing accounts, registering your BVN is a crucial step in securing your financial identity. While residents in Nigeria can complete this process without any fee, Nigerians abroad should budget for the standard $50 NRBVN charge. The Central Bank of Nigeria continues to emphasize that local BVN registration is free, and any attempt to charge customers should be reported to the appropriate authorities. You can find further clarification on this policy through trusted platforms like Silverbird TV.
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