Business
NNPC Charges Host Communities On Pipeline Protection
The Nigerian National
Petroleum Corporation (NNPC) has charged Nigerians living close to oil and gas pipelines to see such pipelines as personal belongings and protect them.
The General Manager, Group Public Affairs Department, Mr Ohi Alegbe, made the appeal in a statement made available to the press at the end of the flag-off of a two-day anti-pipeline vandalism campaign in Lagos recently.
He charged residents on the need to be vigilant and report all suspicious movement around pipeline areas to the corporation or security agencies.
Alegbe, noted that oil that was spilled into the environment when vandals and oil thieves hack into pipelines destroy aquatic lives.
The NNPC image maker said that hacked pipelines also pollute the ground water and render waters from boreholes unsafe for consumption.
Furthermore, he explained that when once the underground water was contaminated, that it makes the soil unfit for any kind of agricultural activity.
According to him, it also reduces the quality of life of people living around the affected area, while calling on host communities to join in the fight against vandalism.
He was of the view that host communities were the worst hit from each attack on pipelines, and warned against any form of support to such criminals.
It would be recalled that attacks on oil installations in the Niger Delta region, has been on the decline since the amnesty programme of late president Umaru Musa Yar’ Adua.
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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