Business
‘Nip Pipeline Vandalisation In The Bud’
The Nigerian Union of Pe troleum and Natural Gas Workers (NUPENG) has advised the Federal Government to evolve appropriate security measures to curb the activities of pipeline vandals.
The advice is contained in a statement signed by its Acting General Secretary, Mr Isaac Aberare in Lagos.
The union said that it was also pertinent for the government to repair vandalised pipelines in Arepo Village, in Ogun.
The statement said that with the repairs, tanker drivers would begin to supply fuel to Lagos, Ibadan and Ilorin axis.
NUPENG denied that it was responsible for the growing queues in filling stations in some parts of the country as was being speculated.
“The union is not on strike and the Petroleum Tanker Drivers are ever ready to lift products.’’
It said the union members were working but had no products to lift in some depots, because they were empty.
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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