Business
New City Masterplan: Cookey-Gam Harps On Security
Security of lives and property is key to the successful
implementation of the Greater Port Harcourt City Development Masterplan.
The administrator of Greater Port Harcourt City Development
Authority (GPHCDA), Dame Aleruchi Cookey-Gam gave this indication, Tuesday,
during a courtesy visit to the New Rivers State Commissioner of Police, CP
Mohammed Indabawa, in his office in Port Harcourt.
Mrs Cookey-Gam further stated that the authority would build
an ultra-modern police station and fire service station to secure lives and
property including other social physical infrastructure like water, power,
access roads, drainages, shopping malls etc in the new city. According to the
Administrator, contracts for some of the projects have already been awarded.
While congratulating the New CP, on his recent appointment,
the administrator also thanked the Rivers State Police Command for their
support to the Government in maintaining law and order.
She urged the police boss to maintain the existing
relationship between the police and the GPHCDA, especially as the authority
moves to the implementation phase of its projects as well as in the enforcement
of its Development Control exercise.
The CP thanked Mrs Cookey-Gam for being proactive in the
implementation and building of the New City which he said would be for the
benefit of the entire Rivers people.
Indabawa assured that the Rivers State Command would
continue to support the developmental policies of the government as well as the
GPHCD project.
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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