Business
Long Queues Reduce At Filling Stations In Rivers
Normalcy is gradually returning at filling stations across the State as the long queues witnessed prior to the New Year celebration is fast fading away at the various filling stations.
The Tide correspondent who went round reported that the long queues have reduced with most filling stations that were closed during the Yuletide are now open but the price per litre of the Premium Motor Spirit (PMS) known as petrol still far above the approved price of N145 per litre.
The Tide visit to Conoil Filling Station, Refinery Junction Alesa Eleme now sells per litre for N200 as against the approved pump price.
Speaking to The Tide, a motorist who came to buy fuel, Mr. Samuel Chukwu called upon the officials of the Department of Petroleum Resources (DPR) to enforce strict compliance with the approved pump price.
Chukwu who said he is into transportation explained that buying the petroleum product at such price is too expensive and urged DPR and security agencies to seal filling stations selling above the approved price.
Also speaking to The Tide, the station manager of Total Filling Station, Eleme-Bori Road explained that the station is selling at rate based on directive from his superior officer, but promised that the situation would soon normalize as there is indication of adequate availability of the product in Port Harcourt.
The Tide gathered that many filling stations which closed for business are now selling to customers. Amadi Theophilus said that he is happy that the situation is improving the availability of petroleum products.
He called for strict monitoring of the situation by the relevant agencies to avoid a repetition of the ugly situation.
The NNPC mega stations at Eleme Junction and Lagos Bus Stop have had the queue reduced with the daily availability of petroleum product.
Philip Okparaji
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.
