Business
FCT To Revisit Eagle Square, Confab Centre Concession
The administration of the Federal Capital Territory says it will revisit the concession of the Abuja Eagle Square and the International Conference Centre to a private facilities manager.
Minister of the FCT, Senator Bala Abdulkadir Mohammed made this known while receiving a team of military personnel from the Army Headquarters that paid him a courtesy call Thursday in his office in Area 11, Garki I District, Abuja.
The Minister recalled that the Abuja Eagle Square and the International Conference Centre was concessioned to International Facilities Management Services Limited
(IFMSL) in 2005 for a period of five years which is expected to expire in September 2010.
Senator Mohammed who was responding to the request for the usage of the Abuja Eagle Square for the Nigerian Army Day Celebration said that the edifice had not been under the direct control of the FCT administration but has a regulatory oversight.
While assuring that the FCT administration will assist the Nigerian Army to secure the venue for their scheduled celebration, the minister stated that it is part of the concession agreement that whenever there is a national event, it would take precedent.
He reiterated that revisiting of the concession has become necessary because of the strategic importance of the two places in the socio-political life of the country.
The minister remarked that leaving such places in the hands of private organisations have security implications which cannot be compromised for any financial gains to the government.
Senator Mohammed promised that the FCT administration will do everything possible to support all security organisations in the Federal Capital Territory, because the government attaches high premium on the security of lives and property of all residents in Abuja.
He condemned the spate of increased criminal activities in the country and challenged all security organisations to rise to the occasion.
“By this choice of a neutral umpire, who was a member of the Justice Uwais Committee, the President has clearly demonstrated his commitment to enhancing the integrity of the electoral process.
”We call on the Senate to expeditiously confirm the nomination of Professor Jega and the new commissioners in order to give them enough time to prepare for the forth coming general elections”.
Justus Awaji, Abuja
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.
