Business
Yuletide: Passengers Decry Hike In Fares
Passengers travelling from Jos to southern parts of the country are now facing a hard time as transport fares have gone up by about 75 per cent.
A survey conducted by our correspondent on Thursday in four commercial motor parks in Jos showed that the hike in fares was not in any way connected with fuel.
For instance, passengers are now paying N3,000 as fare from Jos to Ogoja in Cross River as against N1,500 prior to the festive period.
Similarly, travellers are now paying N1,500 from Jos to Makurdi, which was N800 before the yuletide.
A bus driver at the park, Mr Paul Akuba, said: “The hike has nothing to do with the scarcity of petrol but the influx of passengers to the various destinations.
“At the Benue Links Park in Jos, many passengers including women and children were seen boarding for a fare of N1,200 as against N800 before the yuletide.
One of the fleet drivers, Mr Joseph Chia, corroborated Akuba, but insisted that there were many passengers, but with few buses to convey them.
The situation was the same at Plateau Riders Motor Park, where it was observed that transport fares had been increased.
“Apart from the high fares, the commercial drivers are demanding high fares for the travellers’ loads. I have just paid N1,000 for a 50kg bag of rice.
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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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