Business
NNPC Rallies Citizens Against Pipeline Vandalism
The Nigerian National
Petroleum Corporation (NNPC) has called on Nigerians, especially those living in communities close to pipelines, to see them as their own and protect them.
This was contained in a statement issued recently in Abuja by the Group General Manager, Group Public Affairs Department, Mr Ohi Alegbe.
It said the corporation made the plea at the flag-off of a two-day Anti-Pipeline Vandalism Campaign in Idimu, Alimosho local government area, Lagos State.
Mr Alegbe said the campaign was organised to sensitise the host communities to the need to join in the war against pipeline vandalism.
He said the campaign included a roadshow, through the communities adjoining the pipeline right of way in the area, up to the Ejigbo Depot and the major pipeline vandalism flashpoints of Ijeododo and Arepo.
It called on residents to be vigilant and report all suspicious movements around the pipeline to the corporation or security agencies.
Group General Manager, explained that the oil that was spilled into the environment when vandals and oil thieves hacked into pipelines “destroys aquatic life, pollutes the ground water and renders water from boreholes unsafe for consumption’’.
He added that it contaminated the soil and made it unfit to support any meaningful agricultural activity; and ultimately reduced the quality of life of the people living around such places.
It said the traditional ruler of Idimuland, Oba Azeez Olugoke II, called on all residents of the community to shun criminal activities, especially oil theft and pipeline vandalism.
The traditional ruler said that as a policy, the community would not protect anyone caught perpetrating such acts.
The Oba promised to take the message to the people and help mobilise the community to help tackle pipeline vandalism.
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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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