Business
Boat Operators Laud LG Boss Over LifeVests Provision
Operators and commuters of marine transport along the Marine Base -Okrika route have given commendation to the Chairman, Okrika Local Government Area, of Rivers State, Philemon Kingoli for his efforts at making marine transport safe, through the donation of life vests to association.
A member of the Okrika Boat Drivers Association who pleaded anonymity gave the commendation in a chat with The Tide, Wednesday at Okrika.
He noted, while commending the WALGA boss that the move was long overdue.
The boat driver stated that it was unfortunate that two children had to die in a boat accident before the donation was made.
According to him, ‘we thank the chairman for giving us these life vests, but unfortunately the two children have died before this donation”.
He lamented that the association had in the past made appeals to the provision of life vests for the safety of passengers travelling on that route.
On his part, a commuter, Deresoma Nonju, also thanked the chairman for the gesture and expressed the hope that more well-meaning people in the LGA would donate more life vests.
He noted, however, that there is need for the provision of children’s life vests, saying, “they are the most-at-risk in the event of any boat accident.”
Nonju charged boat drivers against overload on the waterways and advised commuters to always obey the instructions of the drivers as “they are in the best position to understand the tide and movement of the wind. Passengers should learn to obey the drivers when they are instructed on where to sit”.
The chairman of Okrika Local Government Council, Philemon Kingoli had at the weekend donated some life vests to the Okrika Boat Drivers Association, saying that the move was to ensure safety along the water ways in the area.
Tonye Nria-Dappa
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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