Business
Delayed Results: RSUST Absolves Consultant
The Vice Chancellor of the Rivers State University of Science and Technology (RSUST), Port Harcourt, Prof Barine Fakae has absolved the consultant handling the processing of students results of any blame regarding the non approval of final year students results for the 2008 set of graduating students.
Prof Fakae who made this clarification while speaking to the press in an interview in Port Harcourt explained that the strike embarked upon by the Academic Staff Union of Universities (ASUU) is responsible for the delay in the clearing of the 2008 final year results for this year’s NYSC programme, and not the IT consultant.
He further explained that the IT consultant has directed the processing of students results in such a sensitive cautious manner.
But in a sharp reaction, the Chairperson of the Academic Staff Union of Universities (ASUU), UST branch, Emilia Jaja on her part said that it is not true that the delay in releasing students results in the institution was because lecturers were not doing their job.
She said “ I have spoken with the vice chancellor one on one. He has not told us that the cause of delay in students results is as a result of defaulting lecturers. We have asked him to give us the name(s) of defaulting lecturers. Results were submitted in January and ASUU started strike in June, and so how has the ASUU strike affected the result, she queried.
Also one of the students affected by the delay in the 2008 set, Ismael Santo has appealed to both the authority of the institution and the ASUU to resolve issues inhibiting the release of results to enable students go for the next batch of the NYSC scheme.
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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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