Business
Oil Exploration: Group Wants Firms To Consult Ogoni Stakeholders
As plans to start oil exploration in Ogoniland thicken, interested companies have been advised to consult with relevant stakeholders in the area.
The President of Ogoni Oil Bearing Communities Traditional Rulers Council, Olick Donald Eberesu gave the advice shortly after the group’s inaugural meeting in Kegbara-Dere in Gokana Local Government Area, recently.
He noted that the purpose of the organisation was to close the gap between oil companies and host communities to prevent crises.
Gberesu said that the association was the direct land owners and should not be left out in plans to re-enter Ogoniland for oil activities.
The opinion leader regretted that host communities remained impoverished despite the huge amount of oil in their soil.
According to him, the investors are only allowed to negotiate with land owners and not any third party so as to promote their business.
He argued that any negotiation outside the group or relevant stakeholders, was likely to hit the rock.
The community leader, listed the stakeholders to include all recognised traditional rulers and paramount rulers of oil bearing communities, among others.
In his contribution, Mene Sylvester Kogbara; pointed out that the meeting was in order, as it would help to right some wrongs associated with oil exploration in Ogoni.
He explained that, if the provisions of the body would be fully maintained, the era of begging to survive would be a thing of the past in Ogoni land.
Kogbara revealed that more oil companies had indicated interest to do the oil business in Ogoni due to a particular crude product known as “Bonny light”, which he said was adjudged to be one of the best across the globe.
He expressed hope that the group would succeed, despite the failure recorded in recent times by similar groups in the area.
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.
Business
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