Business
Navy Destroys 265 Illegal Refineries In Warri
The Nigerian Navy Ship, NNS Delta, Warri Naval Command said it destroyed 265 illegal refineries and burnt 100, 000 tonnes of locally refined diesels in the last three weeks.
The illegal refineries and the products were destroyed in two separate operations inside Warri creeks.
The NNS Delta Commander, Capt. Musa Gemu, who assumed duty in February, told newsmen on Thursday that his command would not condole illegalities in the creeks.
“We will deal decisively with oil thieves and pipeline vandals in my areas of responsibilities,” Gemu warned.
He recalled that on March 15 he led a team of Naval officers to Oteghele Phase one and two forests in Warri South-West Local Government Area of Delta.
In the operation that lasted over eight hours inside the forest a significant landmark was recorded.
Gemu said the Navy destroyed 260 underground refineries and over 100,000 tonnes of diesels.
He added that five suspects were arrested and two boats, two pumping machines and a generating set were recovered.
Similarly, on April 7, the Navy combed the Isaba forest in Ogbe-Ijoh, Warri South-West and in the process destroyed five illegal refineries and 31 drums of locally refined diesel.
A welding machine and a generating plant were recovered, adding that there was a decline in the illegal activities and the operations were yielding results.
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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