Business
Bizman Cautions Against Use Of Expired Gas Cylinders
Cooking gas users in
the country, have been warned against the use of expired cylinders, over its high risk of fire accident and explosion.
This was revealed by a gas engineer, Mr Marcus Elendu, in a chat with The Tide Friday in Port Harcourt.
He blamed most domestic fire accidents on the use of expired gas cylinders and carelessness of the users.
Elendu, explained that gas cylinders have expiring dates just like any other product.
He did not give the exact duration, but advised that gas cylinders should not exceed two decades.
The gas expert, called on the Standard Organisation of Nigeria (SON), to mount checks at gas re-filling stations as to enable them confiscate expired cylinders.
He regretted that some issues that concern the common-man were not taken seriously by the government and its agencies.
According to him, if concerned authorities could pay more attention to some products that are used by the commoners, the incidence of fire out break and industrial accidents would be reduced to its bearest minimum.
He further sued for the overhaul of all gas cylinders manufacturing industries as to enhance the quality of the product.
Blaming gas cylinder builders on what he tagged quick means of making wealth, he said more pragmatic steps should be followed as to restore users hope.
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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