Business
Revenue Harmonisation: GPHCDA Boss Commends Wike
The administrator of Greater Port Harcourt City Development Authority (GPHCDA), Ambassador Desmond Akawor, has commended the bold step taken by Governor Nyesom Wike in ensuring that revenue collection in the state is being harmonized, so as to guarantee condusive business environment.
He said that the tax and revenue collection in the state before now had been hijacked by touts who paraded as agents of government to collect multiple taxes from business organizations, for their selfish ends.
Akawor, who made the commendation while speaking to airport correspondents at the Port Harcourt International Airport Omagwa, shortly on arrival from Abuja, noted that Wike took the bold step on this, so as to facilities trade and make the state investor-friendly.
“There are lots of people going about demanding a lot from companies and organizations, but the governor in his own wisdom has decided to put things together in a decent way to give business operators confidence.
“I am sure that when the implementation starts, the touts will no longer find themselves in Rivers State.
“This is the first time a governor has taken such bold step in the state.
One taken such bold step in the state. One thing is to have the political will, and another is to implement the policy or the decision. We know that the governor, Chief (Barr) Nyesom Wike (CON) is a man of his word.
“He will see to the full implementation of this. He will definitely see to the end. He has started meeting with stakeholders just to make sure that they buy into it.
“I an tell you, having attended most of the meetings, most of the investors are very interested in this”, Akawor said.
On the death of former Oyigbo Council Chairman and one-time State Assembly member, Chief Precious Oforji Akawor described it as a loss to the people of Oyigbo, and shocking, adding that the late Oforji was the strongest politician in Oyigbo who grew through the rank, and urged the state government to consider immortalizing him.
Corlins Walter
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.
