Business
PHED’s Customers Lament Poor Service Delivery
Customers of the Port
Harcourt Electricity Distribution Company (PHED), have lamented the poor service delivery by the company in recent time.
Some customers of the company who spoke with The Tide, Monday in Port Harcourt, decried the situation, saying it had made life unbearable for them.
One of them, Dr Monday Didia, said they only saw light last week at Rumuodomaya for the past three months.
He said there was no traceable reason for the power outage, but blamed the situation on poor regulatory system on the side of the government.
Didia maintained that if the Federal and each state government, introduce a rigid power regulatory system, that the sector must improve remarkably.
He hinted that the epileptic power supply system in the area, have forced families into purchasing heavy-duty engines as to enable them boost power.
In Rumuagholu, it was the same tale, as there was thunderous jubilation in the area when they saw power on Sunday.
A visitor to the place, Charles Igwe told The Tide that the area has not also had light close to three months.
He said there was no known cause of the darkness situation, but blamed it on laxity of electricity users whom he said are not bold over issues.
Igwe was of the opinion that, it customers of PHEDC could storm its office in their numbers and threaten to demand for any other company, that the power distributing company must sit up.
He cited the demonstration led by Pastor Tunde Bakare and others sometime ago on fuel price, saying the decision of the Federal government was changed due to the mass action.
While calling for a state of emergency in the power sector, he advised the Federal government to ban the importation of power generating sets, hinting that its importers are the brain behind poor power supply in the country.
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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