Business
Kano-Maiduguri Dual Carriage Way, Ready, Soon
Motorists plying Damaturu to Potiskum section of the Kano-Maiduguri dual carriage way will commence using the new road early next year. Project Manager of the dual carriage road, Mr Yang Ming told our correspondent in Damaturu on Monday that 86.5 kilometre out of the 96 kilometre road would be completed by the end of this year.
“We have completed 65 kilometre asphalting, and 70 kilometre stone base of the new road under the dual carriage road project.
“We are diverting traffic to the new road early next year to enable us rehabilitate the existing road in order to complete the dual carriage way,” he said.
Yang said that adequate equipment had been deployed to site to ensure timely completion of the project.
Our correspondent reports that the Federal Ministry of Works last week expressed satisfaction with the quality and speed of work on the project.
Director Federal Highways North East, Alhaji Kabir Abdullahi, said, “the materials used for the project were in full compliance with specifications contained in the contractual agreement.
“I am particularly pleased with the pace and quality of work being executed by the contractors handling the project and, it is a clear testimony of government getting value for its money.”
The director, who was represented by the Deputy Director Highways, Mr David Agbakoba, said that the delay in completing the project was due to the lack of funds.
“But I am optimistic that government will provide more resources for speedy completion of the project.” the director said.
Business
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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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