Business
Songhai Farm Is Business Oriented – RSSDA Boss
The Executive Director and Chief Executive Officer of the Rivers State Sustainable Development Authority (RSSDA), Mr. Noble Pepple has said that the Rivers Songhai Farm Project was strickly business oriented.
Mr Pepple who stated this in an interview with journalists shortly after a facility tour of the farm as part of activities to mark the Press Week of the Rivers Chapter of the Nigeria Union of Journalists (NUJ) last Wednesday thanked the media for embarking on the facilities tour.
He explained that the retreat organised by the Rivers State government for its top functionaries was an indication that the Songhai farm was out and ready for business.
“The governor, Rt Hon. Rotimi Amaechi brought the entire government of the state, about 120 people to Songhai for the state strategic retreat.
“This means that Songhai is open for business and they were here day and night for a week”.
Some of the facilities visited included the communications centre, livestock, biogas unit, freedmill, cassava processing mill, fish ponds, piggery and grass cutter section among others.
Production manager of the farm, Mr. Godfrey Godfrey, conducted journalists round the establishment.
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.
Business
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