Business
LG Boss Tasks Farmers On Improved Harvest
The chairman, Ikwerre Local Government Area of Rivers State, Engr. Samuel Nwanosike has charged farmers in the area to deploy all of their resources into their farms for improved harvest and proceeds.
Nwanosike gave the charge at the Back to Farm Initiative empowerment ceremony, Saturday in Aluu community of the area.
The chairman noted that 50 beneficiaries, who were empowered were selected from each of 13 wards in the LGA, saying that “this is the first batch. We intend to fulfill our electioneering campaign promises, one of which is to develop the farming sector of the ceremony.”
He explained that each person will be given N1 million and urged the farmers to deploy the money into farming activities.
Nwanosike used the opportunity to announce to the people of the area that electricity power supply will be restored to the 14 communities in the LGA that have been in total darkness by the end of September.
He pointed out that there has been power outage due to vandalism by unscrupulous persons in the area.
According to him, “let me use this opportunity to announce to you that as we speak, efforts are being made to restore power supply to the 14 communities and connect them to the National Grid.
“Already, the Ikwerre local government council has paid their part of the counterpart fund for the rehabilitation of power lines that had been destroyed.
“They have commenced erection of poles and crossing of the wires. In less than no time, electricity will be restored to the 14 communities, he said.
Tonye Nria-Dappa
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.
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