Business
Youths Attack PHED Worker In Uyo
The Port Harcourt Electricity Distribution Company (PHED) has condemned the attack on one of its workers at its Akwa Ibom Zonal Office in Uyo by youths of Udotang Street in the state capital.
PHED Managing Director/Chief Executive Officer, Dr Henry Ajagbawa, who expressed shock over the incident, identified the victim as Sylvanus James.
Ajagbawa said yesterday in a statement signed by the company’s Manager, Corporate Communi-cations, Mr John Onyi, that the victim was “mercilessly battered by the youths numbering over 30 when he was on routine duty along the street.”
“James who can hardly speak from his hospital bed with a bandaged leg arising from a deep cut, could not ascertain why he was subjected to such inhuman act by the youths who are still unknown.
“James set out for duty early that morning, checking out on those pre-paid customers, who have not made any electricity payment for almost one year on the street before he was physically assaulted with dangerous weapons by youths, culminating in the loss of his two mobile phones and other valuables.”
Describing the incident, which occurred on Tuesday as a barbaric act, Ajagbawa stated that the victim was on a legitimate assignment, adding that a petition on the attack had been sent to the office of the Commissioner of Police, Akwa Ibom State Command.
He vowed that he would use every legal means to ensure that the perpetrators were brought to book to serve as a deterrent to others, who might be nursing such an illicit act.
“The performance of our employees and cooperation with customers are central to the success of service delivery; we will, as a matter of fact, not welcome any act of molestation, harassment, intimidation and physical assault on any staff,” the PHED boss said.
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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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