Business
Bauchi Transit Programme Gets N200m Loan Approval\
Bauchi State House of Assembly, has approved more than N200 million vehicle loan package requested by the executive arm of the government for the purchase of additional vehicle for its mass transit programme.
Reports say that the approval was granted in Bauchi on Thursday during a plenary session presided over by its Speaker, Alhaji Yahaya Miya.
The Majority Leader, Alhaji Adoji Disina while presenting the executive bill on the floor of the assembly told the legislators that the fund would be used to purchase 50 14-seater buses for the state transport company.
Disina said the buses when purchased would boost the vehicles in the fleet of Yankari Transport Company.
He said that Bauchi and Akwa Ibom States were given the opportunity by the Federal Government Mass Transit Programme to access the loan.
Disina stressed that Akwa Ibom had already accessed the loan, therefore, urged the legislators to approve the bill to enable Bauchi State to access the loan to enable it purchase the vehicles.
According to the reports, after extensive deliberations by the lawmakers, the members unanimously granted the approval for the executive arm of government to obtain the loan.
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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.
