Business
Oil Communities Want Shell To Vacate Facility

NLC’s Picketing Committee Chairman, Comrade Franklin Ariolu (2nd left), addressing members of the union on the nationwide picketing of PHED offices in Port Harcourt on Monday.
The Shell Petroleum De
velopment Company (SPDC), has been asked to stop its activities at Apara Flow Station I, in Obio/Akpor Local Government, following the expiration of its oil exploration work in the area.
The Paramount Ruler Nye-Nwe-Eli Rumuola, HRH Eze (Dr) Oziri C. Oziri, said this during a peaceful protest at the location, last week.
He said the two landlord communities Rumuokwuta and Rumuola, decided to evict the oil giant since it was done with its economic activities in the area.
Oziri noted that the landlords never benefitted from shell’s presence since 1958 when the company commenced operations on their soil.
They are also asking for remediation and other rights in order to enable them re-possess their land, which the company has occupied for about 58 years.
The paramount ruler of Rumuola, who also is the spokesman of both communities, said the aim of the protest was to inform the government and the entire world how badly the oil company had treated them over the decades.
It was learnt that Apara Location I was the first in Apara and Akpor after that of Oloibiri in Bayelsa State.
“All other locations have been relinquished to their landlords which are now under use, except Apara Location I. Why is ours different?” he queried.
The royal father pointed out that since Shell’s arrival to their communities; they had never recorded any crisis it is visible in other areas, saying it would be worthwhile for the oil firm to locate their land in the same spirit.
According to the royal father, the communities demand was their fundamental right and not a ransom as no hostage was taken.
It was further gathered that the company has men of the police force at the facilities to check and monitor the activities of the indigenes as to prevent any vandalisation of company property.
When contacted on phone by The Tide, Shell’s spokesperson, Joseph Obara, said: “SPDC is working to conclude handover of the land in question to the owners, in accordance with applicable laws. Incidental issues are also being addressed for final close out.”
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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