Business
NEPAD Plans Summit To Address Poverty In Africa
The African Union–NEPAD meeting, scheduled to hold in Nigeria in the first quarter of 2011, will focus on efforts to reduce poverty on the continent, an official said.
Dr Robert Aniebo, Executive Secretary, NEPAD Business Group Nigeria, told newsmen in Abuja on Sunday that plans were on to ensure that the meeting was a success.
“The meeting is also expected to convene several development roundtables on contemporary development issues on the nine thematic development clusters of NEPAD.
He also said that the meeting would witness the first “Nobel Laureates High Level Meeting with Eminent Persons Group and NEPAD Founding Fathers’’.
Aniebo said the conference was still at the planning stage with the group still consulting various institutions expected to be involved in the execution.
He said the summit would discuss issues on debt management in Africa, among others, as NEPAD was concerned about the growing rate of debts in Africa without reference to their uses.
“We are concerned and we want to be sure that as a people, we are contracting debts that we know the implications and how they accumulate overnight.’’
He said NEPAD would work in collaboration with the Debt Management Office in Nigeria and Central Bank of Nigeria on the issue to educate member countries at the summit.
“We are also working on the International donor conference for the Niger Delta and that will take place during the conference.
“We are also going to exemplify entrepreneurship in Africa and we are going to work with ECOWAS on this,’’ Aniebo said.
He added that issues on the Gulf of Guinea would be discussed at the summit as it was critical for Africa ’s growth.
“These are the areas that we will cover during the NEPAD week and we want to make sure it is purely international and we will bring all the global partners to this conference,’’ Aniebo said
He added that plans were on to contact some Nobel Laureates in Africa to feature at the summit.
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.
Business
AFAN Unveils Plans To Boost Food Production In 2026
-
News3 days ago2026 Budget: FG Allocates N12.78bn For Census, NPC Vehicles
-
Sports3 days agoAFCON: Osimhen, Lookman Threaten Algeria’s Record
-
Politics3 days agoWike’s LGAs Tour Violates Electoral Laws — Sara-Igbe
-
Politics3 days agoRivers Political Crisis: PANDEF Urges Restraint, Mutual Forbearance
-
Sports3 days agoNPFL To Settle Feud between Remo Stars, Ikorodu City
-
Sports3 days agoPalace ready To Sell Guehi For Right Price
-
Sports3 days agoArsenal must win trophies to leave legacy – Arteta
-
Sports3 days agoTottenham Captain Criticises Club’s Hierarchy
