Business
Explosion: Stakeholders Urge Replacement Of Old Pipeline
As part of measures to avert further explosion of pipelines in the Niger Delta, stakeholders in the region have called for the replacement of all obsolete oil pipelines in the area.
Stakeholders expressed their views during a random interview conducted by The Tide on the growing spate of pipeline explosions resulting in wastage of lives.
Speaking during the interview, , President of a pro Niger Delta group, Niger Delta Coalition Against Violence (NDCAV), Comrade Lekia Christian, said pipeline explosions in the Niger Delta and most recently the tell tale experience at Komkom in Oyigbo Local Government Area Rivers state were linked to leakages from broken pipelines that spilled out petroleum products.
“Pipeline explosion has become a recurrent event in the Niger Delta and lives have always been wasted in these sordid experiences. It is the responsibility of the Federal Government through relevant institutions to find a lasting solution to this prevalent issue. Most of the pipelines in the Niger Delta are old and need replacement, something has to be done as a matter of urgency to avert further disasters.”, he said.
The NDCAV president also called for improved security and surveilance on the pipelines.
In his views, an environmental sociologist and lecturer in the University of Port Harcourt, Dr Steve Wodu, also blamed the sequence of misfortune of pipeline explosions in the Niger Delta on broken down facilities which he said, constitute serious risk to the lives of the people of the host communities.
“It’s unfortunate that most of the pipelines conveying crude oil in the Niger Delta are yet to be replaced despite the dilapidated status of the facilities. This is totally wrong and constitutes big risk to the lives of the people.
“The NNPC and PPMC should embark on an overhaul of all oil pipeline facilities in the Niger Delta to address the issues of pipeline explosions in the area. The negligence of relevant institutions in maintenance of pipelines is an issue of critical concern as it affects the lives of the people negatively. This is a disservice and another worst form of injustice to the people of the Niger Delta.
It would be recalled that the issue of pipeline explosions was also raised at the plenary of the Senate recently following a motion by Senator George Sekibo and three others, following the recent explosion that claimed lives and property at Oyigbo.
The Senate, in its ruling, urged the NNPC, PPMC and other relevant agencies in the oil and gas industry to find a lasting solution to the issue.
Taneh Beemene
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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