Business
Traffic Control: TIMARIVWants To Partner OilFirms
The Comptroller-General of the Rivers State Transport Management Authority (TIMARIV), Mr Nelson Jaja, has called on multinational oil companies operating in the state to partner with the authority in road traffic management in Rivers State.
The Comptroller-General made the appeal in his office in Port Harcourt last Monday during an exclusive interview with The Tide.
He said the task of traffic management in Rivers State requires a holistic approach and called on all stakeholders to contribute towards effective traffic management in the state.
Jaja, who commended the management of Total and Shell for their contributions in traffic management said the authority plans to expand its services beyond Port Harcourt to areas such as Oyigbo, Eleme, Bori, Omoku, among others.
On staff welfare, the comptroller said the authority has come out with an operational handbook for staff discipline and regulation.
He hinted that TIMARIV was undergoing internal transformation to flush out all the bad eggs in its service and assured improved service delivery by the authority.
The Comptroller-General also pointed out that the authority will soon address the issue of confirmation of all staff that are due, and the payment of arears of financial benefits to all deserving staff.
“We have concluded plans to ensure that all those due confirmation get their confirmation by the end of the first quarter of this year. We will also pay the arears of those that are due,” he stated.
Jaja also stated that TIMARIV was facing some teething challenges such as financial constraints as it presently survives on grant from the Rivers State Government.
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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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