Business
Housing Ministry Seeks Professional Inputs
As part of efforts to bring sanity into the construction environment in Rivers State, the Ministry of Housing, has urged the state branch of the Nigerian Institution of Estate Surveyors and Valuers (NIESV) to make their professional inputs into the polices of the ministry.
The Commissioner for Houseing in the State, Mr Marshall Uworm who made the call during the Mandatory Continuing Professional Development (MCPD) 2012 of the Institution in Port Harcourt with the theme “Valuation in the Oil and Gas Industry” noted that such event organised by the institution would help to bring sanity to the housing sector.
Represented by the director of Research in the Ministry, Elder J. Isaiah, the Commissioner said “I see what we are doing here today as one of the things that will help us sanitise the build industry.”
“We need your professional input in our ministry, and whenever we call you please come, because there is need for proper synergy among professionals in the housing sector. There has to be a paradigm shift in the planning and execution of public sector engagement, the commissioner stated.
He also explained that the ministry of housing had inaugurated a committee comprising all chairmen of professional bodies in the build industry in Rivers State to create understanding and synergy among stakeholders in the sector.
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.
