Business
PH Commuters Caution Drivers On Vehicle Maintenance
Some witnesses of road crashes in Rivers State have called on commercial drivers to conduct daily check-ups on their vehicles before commencement of the day’s operations.
They said this was necessary to ascertain if their vehicles are in good shape to curtail the level of road accidents. This position became necessary after a commercial vehicle presumed to be an inter-state bus was gutted by fire at the Rumukrushi area, on Port Harcourt-Aba Road, recently.
One of the passengers who was simply identified as Rosemary said the bus that conveyed them from Afikpo, in Ebonyi State to Rivers State suddenly caught fire.
Rosemary who spoke with The Tide explained that the fire started unannounced, adding that all their belongings were lost to the fire.
“We were coming from Ebonyi State, Afikpo t o be precise, and our bus caught fire and I did not come out with any of my belongings”, she said.
According to her, she managed to come out of the vehicle through the window, adding that other passengers that escaped also lost their belongings.
She lamented that the driver of the bus was left alone to try to douse the fire.
The Tide gathered that no lives were lost in the incident but the vehicle was burnt beyond repairs.
This, The Tide gathered was as a result of overheating of the bus radiator and a failed water pump
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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