Business
Group Seeks Contract Award For Members
Contractors, under the umbrella of Rivers State Indigenous contractors Association (RSICA) has called on the state Government to consider its members in the awards of contracts.
The Chairman of the Association, Mr. Emmanuel Ordu, made the call in Port Harcourt Monday while addressing newsmen.
Ordu said the call became imperative after a careful observation of some contracts executed in the state in recent times.
He, however, did not condemned the projects executed so far, but said that his members would have done a better deal considering their experience in the Engineering field.
The RICA boss, pointed out that his team pay more attention to prompt delivery and quality job with modern engineering design noting that the body has trained engineers in various fields, as quack engineers are not accepted in RICA as members.
Ordu, regretted that its members still lack jobs even with their high level of professional training, saying that the proper engagement of his members will end the era of expatriates in the state.
“We have enough well-trained personnels that can end the era of expatriates in the state when fully utilised”, he said.
Another unique feature of the group, according to him, is the execution of projects with the appropriate specification which he said is the major challenge in job delivery. He also called on the Amaechi-led government to renew what he described as Public Relation (PR) contracts enjoyed by previous administration, saying that it was a lot of encouragement for his members.
About their relationship with the present government, he said it is cordial. He called on contractors in the state to ensure that they deliver their jobs according to specification.
Meanwhile, he has lauded governor Amaechi for the appointment of Hon. Victor T. Giadom as the Commissioner for Works, as he urged him (Giadom) to bring his wealth of experience to bare in the ministry so as to take it to enviable height.
King Emmunwor/Emmanuella Azubuike
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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