Business
Council Gives N500,000 To 20 Widows
The Bariga Local Council Development Area (LCDA) in Lagos has gaven grants totalling N500, 000 to 20 needy widows residing in the area.
Secretary to the Bariga LCDA , Mr Bode Sotomi, said that the programme was designed to give support to the widows.
“As part of reaping the dividend of democracy, the programme is designed to regularly give financial support to widows in the area.
“We are mindful of their needs and we want to always give them a sense of belonging,” Sotomi said.
The Special Adviser, Women Affairs and Poverty Alleviation (WAPA), Bariga LCDA, Mrs Bukola Adedeji, said that the programme began in August and was a continuous one.
“We gave 20 widows N25, 000 each in August.; this is for September, the second in the series.
“The programme is here to stay; these grants will be given every month to the nominated candidates,” Adedeji said.
The President, Widows Association, Bariga, Mrs Abolaji Jaiyesimi, told NAN that recipents of the grants were nominated based on their present circumstances.
“Every widow will get this support eventually, but we give first place consideration to the very needy ones, and those who have been loyal to this association.
“Prior to receiving these grants, we made contributions in the association to help ourselves. We are, however, immensely grateful for the recognition and help we have received,’’ she said.
According to Jaiyesimi, the widows association, in conjuction with WAPA, also provided advisory support to the recipients, to help them make profitable use of the funds.
One of the recipients, Mrs Omodele Fakolade, a mother of four, said she intended to use the money to expand her petty trading and make ends meet.
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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