Business
Pay Your Taxes To RSG, Association Urges Members
Business operators in Rivers State have been urged to ensure prompt payment of tax to the state government to avoid being harassed and prosecuted.
The advice was handed down by the President, Pillars of Association; an umbrella of all registered trade unions associations in Rivers State, Comrade Emeka Onyekwum at the inauguration of the association’s newly elected 11-member, executive in Port Harcourt, yesterday.
Onyekwum said any member of the body who fails to pay his or her tax should be prepared to face the wrath of the law, pointing out that it was civic responsibility that no taxable adult can run away from.
“If you are to joke with anything, you must not joke with tax payment. Let us pay our taxes but ensure you pay to the rightful place”, he said.
He appealed to the state government to help the tax payers to check multiple taxation, which he said was a problem that needed government intervention.
Thanking members for giving him the mandate to serve them for a second tenure, Onyekwu noted that the association would continue to go on as a united body and called for their continued support and cooperation.
According to him, a constitutional review committee to collaborate with the Board of Trustees (BoT) would be set up to streamline the process of the association’s future elections just as a committee had been put in place to galvanise the membership.
Also speaking, the second Vice President of the body, Comrade Maxwell eke, stressed the need for members to support the news executive and shun any blackleg that would destabilize the body, and enjoined them to key into the PENCOM new pension scheme in their own interest.
The sworn-in officers include Comrade Emeka Onyekwum; President, Onowu Godwin Onyema; 1st Vice President, Chief Maxwell Eke; 2nd Vice President, Comrade Sunday Dede; Secretary-general, Comrade Nnmdi Amaju; assistant secretary, Comrade Chinedu Dike; public relations officer, Pastor Peace Alonyebi; financial secretary, Comrade Abbi Tamuno Diepiriye; treasurer, Madam Theresa Okechukwu; Welfare officer, Comrade Emeka Aki; provost 1 and Comrade Ernest Anyanwu; provost 11.
Shedie Okpara
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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