Business
Firm Unveils Techno Gas Cylinders At World Forum
Nigeria’s oil and gas major, Techno Oil Ltd. has unveiled its TechnoGas LPG cylinders at the 31st World LPG Forum rounding off at Houston, Texas in the U.S.
The unveiling of the cylinders formally makes Nigeria to join the big league of nations manufacturing LPG cylinders for export.
No fewer than 1,500 participants drawn from 72 countries and 89 companies exhibited various products with Techno Oil being the only African company that exhibited its cylinder products.
A dispatch by Techno Oil to The Tide source yesterday, quoted Mr Gbite Adeniji, Senior Special Adviser to the Minister of State for Petroleum Resources as expressing his delight that Nigerian companies are steadily making appearances on the world stage.
“I’m pleased to have visited your lovely stand and I’m highly impressed with what I saw of your products,’’ Adeniji said at the Techno Oil exhibition pavilion.
He said: “The cylinders look high quality. I continue to be impressed with your entrepreneurial spirit and commitment to the oil and gas sector.’’
Similarly, the Managing Director of Ultimate Gas Ltd., Alhaji Auwalu Ilu, lauded the management of Techno Oil for flying Nigeria’s flag at the global event.
He said he was impressed with the quality of the cylinders and implored Techno oil to continue to make Nigeria at the world stage.
On his part, the Executive Director Commercial, Nigerian Products Marketing Company, Mr Billy Okoye, expressed his delight with Techno Oil and its remarkable achievement in manufacturing cylinders.
Also speaking, the Deputy Director, Head, Downstream of the Department of Petroleum Resources, Mrs Ijeoma Onyeri, said she lacked words to describe the strides being made by Techno Oil in manufacturing cylinders locally.
She told the company to sustain the quality of its products and to ensure safety in its manufacturing operations.
In a speech at a ceremony to unveil the cylinders, the Executive Vice-Chair of Techno Oil, Mrs Nkechi Obi, flanked by the Managing Director of the company, Mr Tony Onyeama, and other senior management staff, said she was excited that Nigeria could now export cylinders.
She said that it was a fulfilling moment for her to announce to the world that made in Nigeria LPG cylinders could now be exported, rather than for Nigerians to continue to import cylinders and deplete its foreign reserves.
“We’re using this forum to announce to the world that TechnoGas cylinders have hit the market and we’re ready to meet every demand, local and international.
She told the gathering that Nigeria had expended billions of dollars importing LPG cylinders from various countries, especially China, India and other Asian countries.
Obi, whose company recently completed the building of Nigeria’s largest LPG cylinder manufacturing plant, said that TechnoGas cylinders would help the Federal Government to save resources in importing cylinders and their accessories.
“The era of Nigerians depending on sub-standard cylinders imported from India, China and other countries is over for Nigerian and West African households.
She, however, lamented that the world was leaving Nigeria behind in LPG adoption, in spite of Nigeria’s top position in the league of gas-rich nations.
Obi noted that some industrialists had taken the initiative to promote LPG adoption in Nigeria, in a bid to not only to secure the environment and the future but to save scarce resources expanded by Nigeria annually to import kerosene and other cooking fuels.
She restated her concern on the worsening consequences of using solid gases such as firewood and charcoal in Nigerian homes.
According to the LPG adoption advocate, the World LPG Forum has again raised the stakes for the Nigerian government to realise that there is no better time than now for government to pay serious attention to discouraging Nigerians from using solid gases in cooking.
According to her, while the aim of using firewood, charcoal, animal dung etc. is to get food cooked, the Nigerian woman and her household are unknowingly exposed to inhalation of a myriad of harmful gases on daily basis.
“It doesn’t end there, these gases have far-reaching effects on the environment as they contribute to global warming and climate change.’’
The Techno Oil chief argued that global warming and climate change were directly responsible for increased global temperatures, flooding, food insecurity and desertification.
“A paradigm shift is required and there is no better time than now because up to 70 per cent of Nigerian women spend time cooking, using mostly solid fuels, instead of adopting LPG.
“More worrisome is the fact that Nigeria has one of the highest proven reserves of gas and is also one of the highest exporters of LPG in Africa,’’ the industrialist stated.
Obi said there was need for government to join forces with LPG stakeholders to make Nigerians to embrace LPG in their cooking urgently.
She expressed her optimism that the efforts of some companies and interest groups in LPG adoption had started yielding dividends in Nigeria, citing the building of an LPG cylinder manufacturing plant in Lagos by Techno Oil to boost the LPG value chain. (NAN)
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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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