Business
39 Firms Bid For Fire Fighting Equipment Supply
About 39 companies have so far bidded for the supply and replacement of fire fighting equipment, trucks and chemicals for the Rivers State Government.
The figure was made available to newsmen during the tendering process organised by the Ministry of Special Duties in Port Harcourt.
Declaring the event open, the Commissioner for Special Duties, Chief Davies Ibiamu Ikanya said that the process was devoid of politics as all the companies that applied for the contract were invited.
Chief Ikanya also said that the ministry will put in place modalities to ensure that the contract is executed to specification when it is awarded.
The commissioner who was represented by the permanent secretary in the Ministry, Mr. Tony Wokekoro also commended the representatives of the companies for exhibiting high level of discipline during the bidding process, but noted that consideration for the award of the contact will not be based on the lowest bidder.
Meanwhile, a research fellow of the Centre for Advance Social Science (CASS) Dr. Joab Sofiri Peterside has commended the Ministry for the transparent manner in which the process was conducted.
Dr. Peterside who represented the Centre at the event told newsmen that he was satisfied with the process.
Business
Agency Gives Insight Into Its Inspection, Monitoring Operations
Business
BVN Enrolments Rise 6% To 67.8m In 2025 — NIBSS
The Nigeria Inter-Bank Settlement System (NIBSS) has said that Bank Verification Number (BVN) enrolments rose by 6.8 per cent year-on-year to 67.8 million as at December 2025, up from 63.5 million recorded in the corresponding period of 2024.
In a statement published on its website, NIBSS attributed the growth to stronger policy enforcement by the Central Bank of Nigeria (CBN) and the expansion of diaspora enrolment initiatives.
NIBSS noted that the expansion reinforces the BVN system’s central role in Nigeria’s financial inclusion drive and digital identity framework.
Another major driver, the statement said, was the rollout of the Non-Resident Bank Verification Number (NRBVN) initiative, which allows Nigerians in the diaspora to obtain a BVN remotely without physical presence in the country.
A five-year analysis by NIBSS showed consistent growth in BVN enrolments, rising from 51.9 million in 2021 to 56.0 million in 2022, 60.1 million in 2023, 63.5 million in 2024 and 67.8 million by December 2025. The steady increase reflects stronger compliance with biometric identity requirements and improved coverage of the national banking identity system.
However, NIBSS noted that BVN enrolments still lag the total number of active bank accounts, which exceeded 320 million as of March 2025.
The gap, it explained, is largely due to multiple bank accounts linked to single BVNs, as well as customers yet to complete enrolment, despite the progress recorded.
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