Business
Fuel Scarcity Persists In Makurdi
Fuel scarcity has persisted in Makurdi, Benue State, despite efforts by the Directorate of Petroleum Resources (DPR) to ensure availability of the product.
Reports gathered that most petroleum service stations in the town were out of stock, while the few providing it to motorists sell above the regulated price.
Some managers of the service stations said they sell above pump price to stay afloat in the business.
The scarcity of the product has forced transport fares up as motorists, especially motorcycle operators, had taken advantage of the situation to exploit passengers.
The DPR Controller in the state, Mr Mohammed Abdulrahman, told newsmen that the department had deployed its men to monitor the situation.
He said the department would not relent in its efforts to ensure availability of the commodity.
Abdulrahman denied involvement of his staff in hoarding of the commodity.
He said officials of the directorate were not owners of the service stations and could not be linked with acts of hoarding or price increment.
He said the directorate had deployed its staff to all parts of the town to ensure provision of the commodity to the motorists at controlled price.
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.
Business
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