Business
RSG Sets Up Taskforce On Street Trading
As part of the measures to ensure free flow of traffic in the state, the Rivers State Government last Wednesday set up a special taskforce to rid the state capital and its environs of street trading.
The State Commissioner for Information and Communications, Barr. Emma Okah in an interview with newsmen after the State Executive Council meeting in Port Harcourt said the decision to begin the evacuation of street traders in Port Harcourt metropolis was reached in the executive council meeting of the state presided over by the State Governor, Chief Nyesom Wike.
According to him, the taskforce was billed to begin operation next Thursday .
He listed Garrison Junction, Rumuokoro Junction, Artillery Junction, among others as areas to be rid of street traders.
The commissioner expressed concern over the attitude of traders despite the state government’s commitment in the building and rehabilitation of markets in the state.
The government spokesman said any trader caught on the roads would be arrested.
The commissioner used the opportunity to appeal to traders selling on the roads to vacate to avoid humiliation and harassment by the taskforce.
“ We have set up a special taskforce to evacuate street traders on the streets of Port Harcourt and its environs”, he said.
Enoch Epelle
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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