Business
Foundation Earmarks N20m For Poverty Eradication
A Niger Delta based non- governmental organisation, Jack-Rich Tein Aid Foundation has earmarked the sum of N20 million yearly to tackle poverty in Kalabari land.
The foundation chairman, Mr. Jack-Rich Tein (Jnr) said this in an interview with newsmen at Buguma headquarters in Asari Toru Local Government Area during the distribution of five hundred bags of rice and cash to less privileged persons from the three local government areas of Kalabari kingdom which are Degema, Asair Toru and Akuku Toru local government areas.
Mr. Tein said that the programme which covers the 33 communities in the three local government areas will be used to assist most families which members live below the poverty line.
He said that the affected communities will be made to form groups while experts will be send to educate and impact the necessary skills to them.
He emphasised that, the vice and cash distribution at Buguma was a stop gap measure that was meant to benefit only the physically challenged, orphans, widows, the elderly and other less privileged persons in the area.
Also speaking, the chairman of Asari Toru local government area, Hon. Ojukaye Flag Amachree commended the move to identify with the less privileged in the society, and called on other public-spirited persons to emulate the gesture.
A cross section of beneficiaries commended Mr. Jack-Rich Tein (Jnr) for the gesture and urged him to sustain it.
The association also launded the chairman of Khana LGA Hon Greg Nwidam for the ongoing shoping hall project in Bori
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.
