Business
Oyigbo Residents Decry Bad Road
Residents of Oyigbo in Rivers State have lamented a total restriction of movements due to bad roads in Oyigbo axis of the state.
Some of the residents, who spoke to our correspondent Wednesday at Oyigbo, said even motorcycles could not run on the Oyigbo road, especially Port Harcourt -Aba Expressway of Oyigbo axis.
A bus driver plying the road, Mr. Ikechukwu Benson said all the road from Oyigbo to Port Harcourt City always blocked due to the bad road, adding that the situation had caused untold hardship to lives and business in the area.
According to him, with the bad road, no meaningful economic developments could strive. He called on Federal Road Maintenance Agency (FERMA) and State Government to come to their aid by fixing the road, while also calling on the contractors handling the ongoing road projects in the area to speed up the work in the area.
Another driver, Mr. Effiong Emmanuel who also resides in Oyigbo said the dilapidated condition of the road had increase the hardship on the people.
He lamented that the situation had become a new source of frustration to the people of the area and appealed to Government to come to their rescue by restoring the road.
According to him, “some persons left their houses as early as 4 am, but trekked on the road till 10.am to arrive their destinations.”
In her contribution, a civil servant, Mrs Catherine Allen, residing in Oyigbo, said she used to pay N200.00 to Mil I. Motor park in Port Harcourt, but due to the bad road transport are has been raised to N300.00 and N350.00 with some hours stress on the road.
She accused contractors handling Express roads for intentionally delaying the work on the road and deliberately refused to create an access road for motorists while working on one lane of the road.
She called on government to direct its contractor to do the needful on the road to reduce the people’s suffering in the area.
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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