Business
Ex-Militants Receive Two Months’ Stipends
Ex-militants under the Presidential Amnesty Programme now have reason to smile as they have been paid their stipends for the months of August and September 2016.
The ex-militants who have been threatening to return to the creeks if their stipends were not paid have been advised to be patient as the remaining three months stipends would also be paid.
A leader of phase 3 of the Amnesty Programme, Mr Ramsey Mukoro, in a statement obtained by The Tide confirmed that they have received two months payment out of the their arrears.
“The Amnesty office has started paying but my 3rd phase people are yet to get alerts.
“We are hoping that we in the third phase will benefit soon as well.
“It has really been difficult for us and we spent Christmas and New Year on empty stomach’s so the government should try to make the payment go round quickly”, he said.
Also, the Liaison Officer, Presidential Amnesty Programme, Bayelsa State Office, Mr. Piriye Kiyaramo, confirmed that the Amnesty office began the payment after the New Year holidays.
“The Amnesty office commenced payment of the outstanding stipends this week after the New Year, precisely on Wednesday”, he said.
According to the Liaison Officer, the Special Adviser to the President on Niger Delta and Coordinator of the Presidential Amnesty Programme, Brig-General Paul Boroh (rtd) is concerned about the welfare of beneficiaries in the programme.
“He would stop at nothing until a sustainable re-integration of the ex-agitators into the society with sustainable source of livelihood”, he said.
The commencement of payment of allowances came a few days after chairmen of Phases 1 and 2 of Bayelsa State Amnesty Programme, Mr Excel Divine and Salvation Ibina-Rufus, respectively, urged President Muhammadu Buhari to intervene.
They opined that the Presdent’s quick intervention would douse tension already mounting in the region over the unpaid arrears.
Business
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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.
