TIN refers to Taxpayer Identification Number whiles BVN refers to Bank Verification Number.
For anyone seeking to start their business in Nigeria, TIN and BVN are two important things you must obtain.
On October 17, 2022, the Central Bank of Nigeria (CBN) which is the apex bank in Nigeria issued a draft guideline on contactless payment, stating that all bank account holders must link their Bank Verification Number (BVN) to contactless payment to ensure effective risk management process.
Contactless payment simply means financial transactions done without physical contact. This guideline shows how important having a BVN is in Nigeria.
In this episode, Alex and Dawn explain the benefits of obtaining a TIN and BVN in Nigeria and how to get it with ease.
Visit https://firmusnigeria.com/how-to-obtain-tin-and-bvn-in-nigeria/ to read our full article on How to obtain TIN and BVN in Nigeria.
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