Business
RVHA Debunks Claims On Law Implementation
The Rivers State House of Assembly, has debunked allegations that laws passed by the state legislature are not implemented by the executive arm of government.
The deputy speaker, Hon Leyii Kwane, while responding to questions by newsmen on the issue, said the Assembly’s statutory obligation was in no way undermined by the executive arm of government
Rather, he blamed the misconception on the attitude of people. “There is no bit of legislation passed by the Rivers State House of Assembly, that is not been implemented by the executive arm of government. Government is not a one way thing. It is a collaborative responsibility. The problem has to do with the attitude of the people, the people need the right sensitisation on compliance to statutory laws.
The deputy speaker who corrected the impression that the Rivers State legislature was a mere appendage of the executive, said, the state Assembly enjoys independent powers as there was no interference by the executive in their legislative duties.
The deputy speaker, said it was imperative for Nigerians generally to change their attitude towards governance, and encourage their political leaders in the discharge of their duties.
Hon Kwane also assured that the Rivers State House of Assembly will not rest on its oars in ensuring that good laws are enacted for the development of the state.
Taneh Beemene
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.
