Business
AU Summit: Nigerians Task African Leaders On Insecurity, Unemployment
Some Abuja residents have urged African Heads of State and Governments to prioritise unemployment and insecurity during their meeting in Johannesburg.
The African leaders, under the auspices of African Union (AU) Summit holds between June 11 and June 15.
A trader at Garki market, Charles Okotieboh, told newsmen insecurity had become a major challenge to the development of many countries on the continent.
He said it was unfortunate that progress made in the area of infrastructure development in some countries such as Nigeria and North African nations were being eroded by insurgency and militants’ activities.
Okotieboh told newsmen that it would take enormous resources to redress the social and economic losses caused insecurity.
He stressed it was obvious that no meaningful progress would be achieved in the face of insecurity.
A civil servant, Mr Jacob Zamani, called on the leaders to urgently address the problem of unemployment on the continent.
He said insurgency and other security challenges being experienced in many parts of the continent could be attributed to unemployment.
Zamani also urged the African leaders to address the state of the economy of their countries, saying that it was painful that in spite of their enormous resources most African nations remained underdeveloped.
He called for the strengthening of the health sector across the continent to enable them to appropriately respond to health emergencies.
??Rufors Idarah a naval officer called on the leaders to prevail on multinational companies operating in Africa to support infrastructure development efforts of their host countries.
The theme for the summit is “Year of Women Empowerment and Development Towards Africa’s Agenda 2063.”
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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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