Business
NURTW Laments Dwindling Business At Motor Parks
The National Union of Road Transport Workers (NURTW) has lamented the downward trend of transport business noticed at the motor parks in Port Harcourt, particularly at the Abali Motor Park in Port Harcourt.
Speaking in a chat with The Tide in Port Harcourt, the chairman of the Abali Park branch of NURTW, Chief Bethel Dappa, said that the activities of those operating unauthorised motor parks within the area have grossly affected transport operations at Abali Park.
According to him, “passengers no longer troop to Abali Park, as before. The motor park is almost dead because passengers go outside to board vehicles and what we have now is just a residual of what is left from the illegal motor parks”.
Dappa described the park as almost dead saying that the place has been taken over by food vendors with every corner of the park having a good number of those selling cooked food and hawkers.
Meanwhile, taskforce from the Environmental Sanitation Authority has raided the Mile Three Motor Park in Port Harcourt of unserviceable and abandoned vehicles at the park.
Also at the same motor park, police from the Nkpolu Police Station have raided the park and arrested all unauthorised traders and hawkers.
This follows a petition from the NURTW over the activities of illegal operators and dumping of unserviceable vehicles at the park.
Secretary of the NURTW in mile three, Comrade Cyril Amadi, told The Tide that the police have already started impounding vehicles that head outside the motor park so as to bring sanity to the park, adding that all they are doing is to bring sanity to the motor park.
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.
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