Business
Tricycles Take Over As LG Limits Okada
Barely one month after the Chairman of Ahoada East Local Government Area of Rivers State, Hon. Cassidy Ikegbidi, put a limit to the operation of motor cyclists in the area, tricycles, have sprung up to commence business as soon as it was 7 pm.
Investigations by our correspondent who went round the area from the hours of 7.00pm and beyond observed that the tricycles were ncreasing by the day.
The tricycles popularly known as “Keke Napep” which were hitherto alien to the area as a means of transport were increasing by the day.
One of the operators, Mr. John Chimele, who spoke to our correspondent said when he heard of the limiting order, he decided to move from Port Harcourt to Ahoada his country home.
According to him, there was a lot of competition from the axis he operated in Port Harcourt hence the need to rellocate.
Asked why they would want to operate only in the evenings when the Okada people have left, another Keke Napep operator, Mr. Kingsley James, said it was out of sympathy and understanding and not out of fear for the Okada people as it was believed in some places.
However, he said some of his colleagues operated from morning till night even as he said the Keke Napep has the advantage of shelter that the Okada doesn’t have.
He said most people especially women with children would not want to be soaked by rain or beaten by the sun.
Asked of the likelihood of a violent rivalry between the operators in the future, one Okada rider who asked not to be named said it could not be ruled out.
He said most times the Keke Napep boys display a kind of superiority over them which has sometimes led to exchange of bitter words between them.
Our correspondent reports that sometimes Okada men would stand on the part of Keke Napep even at the disapproval of members of the public to such attitude.
It could be recalled that The Tide reported last month that Okada riders were given a limited time of 7,00pm by the AELGA boss.
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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