Business
Chiefs Council Tasks Boat Owners On Safety
The chairman, Okrika Divisional Council of Chiefs (ODCC), Chief Sunday Amiesimaka Kalaowolo has called on all sons and daughters of Wakirike ethnic nationality and beyond to join hands with Okrika speed boat owners to ensure safety of lives and property at the waterways.
Chief Kalaowolo who made the call during the launching of new life vest at A.T.C. Okrika on Saturday said though life is from God but during boat mishap, life vest helps to afloat person before rescue team comes for assistance.
Represented by Chief Amba Kwani as the chairman of the occasion, he lauded the speed boat owners association for the launch as nobody could walk on the sea in case of any mishap, adding that they do not also increase transport fares during fuel scarcity, and enjoined them to keep up the spirit.
Earlier, the chairman of Okrika Speed Boat Owners Association, chief Sunday Opeya thanked all for making the day a huge success and appealed to all to assist them ensure safety of lives and property at the Okrika waterways.
Chief Opeya said life vest in speedboat is like seat belt in a vehicle, and charged all speed boat operators and passengers to comply to avoid being made to face the wrath of the law, adding that safety of passengers is paramount to the union.
Dignitaries from all walks of life graced the occasion with His Royal Highness, King Tamunosike Oguba, Amanyanabo of Kirike Town as chief launcher, enjoining all to assist and redeem their pledges.
Collins Barasimeye
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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