Business
Institute Explains Internet Shutdown
The National Institute of Information Technology (NIIT) in Port Harcourt has said that hacking of its internet system was part of reasons why the institute dismantled all its systems from the internet.
Senior Faculty Officer of the institute, Mr. Ikenna N. Ihie, who spoke with The Tide last Wednesday in Port Harcourt noted that most of its trainees hack into the institute; systems without permission from the management.
He said that before now, all its systems were internet-enabled in order to increase teaching system for the students.
According to him, some students break into other people’s sites which regulatory agencies trace to NIIT and impose sanction on them accordingly.
He, however, assured that management fixes the internet system each time they are to teach any internet-related courses.
He pointed that they normally regulate the system when ever students are on the ite so as to monitor hacking and other illicit use of the net.
Concerning the 13 journalists running office programme at the centre, he said they will enjoy one week internet system towards the end of their programme to enable them understand more about computer and the internet systems.
The Tide gathered that the pressmen who are currently running a programme at NIIT in Port Harcourt through a scholarship scheme from a public spirited individual, will be concluding their programme by next month.
He hinted that the students learnt hacking from them only as part of their studies but regretted that they are using it negatively.
Furthermore, he gave regular browsing of illicit sites as another reason why most of its internet facilities were disabled.
Virus as he is fondly called by close associates and students explained how the students spend more time in illegal sites thereby, paying less attention to their main duty at the training centre.
Though, he did not blame the students much over their action, but advised them on the need to give prime attention to their programmes at the centre.
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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