Business
PH Residents Advise DISCO On Day Time Power Supply
Residents of Diobu in Port Harcourt, the Rivers State capital, have called on the Port Harcourt Electricity Distribution Company (PHED) to supply electricity in the day time.
According to the residents, PHED only supplies electricity in the night leaving the hours of the day without power supply.
Emeka Ugochukwu told The Tide that “for the past three weeks, you hardly see light in the day time in Ojoto where I live but in say around 12 midnight the company will bring light and before 6am, the light has been taken”.
Ugochukwu urged the company to help residents of the area by bringing supply in the day time as well as at night.
Similar complaint was also made by residents of Ekwulobia, Owo, Osina, and Nwokoma streets.
Mrs Jane Emabo, who operates hair dressing saloon said, “in the day, l keep burning my generator and fuel but in the night when customers are not there, that is when PHED will bring light.
Emabo appealed to the company to consider bringing supply in the day time so that those who use it to do their business in the area can also benefit.
The complaint of supply mainly in the night hours has equally been expressed by customers in other parts of the city.
At a forum organized by the company recently, a customer asked officials of the company to increase supply hours in the day as against steady supply in the night.
“The company count the number of hours it supplies services in various areas but in the place where I live, our hours of supply count in the night and I begin to wonder if the supply is for witches”, he said.
Chris Oluoh
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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