Business
100 Cities To Be Designated National Monuments – Minister
The Minister of Tourism, Culture and National Orientation, Chief Edem Duke, on Monday in Abuja, said 100 cities across the country would be designated as national monuments.
Duke said this when he inaugurated the National Heritage Council and Endowment for the Arts.
The minister, yet to name the cities, explained that the establishment of the council was geared toward nurturing creativity and preserving the country’s cultural heritage.
“The objective is to underscore the importance of the visual, literary, design, and performing arts in nurturing creativity and preserving our cultural heritage,” Duke added.
The minister urged the eleven members of the board of the council to identify and support excellence in the arts.
He pointed out that it was necessary for the council to seek alternative source of funding outside the usual annual budgetary provisions in meeting its set objectives.
Duke said the council was expected to secure the necessary resources, provide desired facilities and exercise effective control and application of the funds toward promoting arts.
“The endowment for the arts is therefore being set up as a platform we intend to use to offer support and funding for projects exhibiting artistic excellence,” Duke said.
He expressed the hope that it would serve as a platform for creative minds to express their natural talents, get employment as well as create jobs.
“Nigerians are creating masterpieces in works of arts while our cultural industries are also brimming with activities,” Duke added.
Duke said the board has a three-year tenure.
The Chairman of the Board of the council, Mr Igho Sanomi, said the activities of the council would be private-sector driven.
Sanomi added that the council would ensure an environment conducive and guarantee healthy synergy between it and the private sector.
Other members of the board are Mrs Folorunsho Alakija as the Vice Chairman; Sir Emeka Offor; Alhaji Abdulsamad Rabiu; Omoba Yemisi Shyllon; Sen. Daisy Danjuma and Alhaji Abubakar Mohammed.
The rest are Chief Nike Okundaye; Dr Emmanuel Nsan; Mr E. Williams and Mr Fifi Ejindu.
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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