Business
RTEAN Explains Stable Fares In Bauchi
Secretary, Road Transport Employers Association of Nigeria (RTEAN), Bauchi chapter, Malam Idris Abdullahi, has announced that they would not increase transport fares during the Christmas celebration.
Abdullahi made the announcement in an interview with newsmen in Bauchi.
He said that the union decided not to increase the fares following the economic situation in the country.
RTEAN chapter secretary said: “Although other parts of the country are witnessing increase in the fares, this would not affect Bauchi state.”
He said that the normal fare charged from Bauchi to Dass, Liman Katagum and Tafawa Balewa towns remained N300, N300 and N500 respectively.
“Our union has decided not to increase the fares this time around because we are not unaware of the current economic situation in the country.
“Although we heard on radio that some parts of the country are witnessing an increase in the fares, we will not be part of it,” he added.
Head, Operations at NEPA-Jos road branch Motor Park, Dauda Jibrin, said that the fares remained the same at N700 and N1,700 from Bauchi to Jos and Abuja respectively.
On the issue of overloading of vehicles, Jibrin attributed it to pressure from passengers.
“Sometimes based on passengers’Mohammed Adamu, request we overload the vehicle and reduce the price from N700 and N1,700 to N500 and N1,500 respectively,” he said.
A passenger, commended the union for its magnanimity.
Most of the parks in Bauchi are swarmed by passengers seeking to board vehicles to various parts of the state and beyond.
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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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