Business
Returnees Yet To Resume Business
With the return of rela
tive peace in Aminigboko Community in Abua/Odual Local Government area of Rivers State, business activities are yet to take shape.
Investigations by our correspondent over the weekend indicated that the presence of men of the Nigerian army has created an enabling environment for some of the indigenes who deserted the community in the wake of cult related clashes to return home more than one year ago.
However, most of the indigenes reputed to be at the forefront of business activities in the community were yet to return.
The Tide gathered that most of them have established in far away places as Bayelsa, Port Harcourt and elsewhere, even as reports say their early return home was not certain.
One of them who spoke to our correspondent on the condition of Anonymity said he has moved for good.
According to him, he has decided to settle outside adding that his children were all in school in Port Harcosurt.
Further investigations by our correspondent shows that the community which had more than thirty shops operating before the crises has only two at present.
Some of the returnees who spoke to our correspondent said the development has made those returning to buy provisions and necessities to last them for a while.
The Tide further gathered that the farming community were grateful to the military authorities for the role they were playing in securing the environment as they go to their farms without fear.
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.
