Business
Brass LNG Communities Agree On Local Contractors
A resolution to compel contractors handling term contracts in communities not to owe their workers monthly wages has been unanimously adopted at a meeting between the Brass LNG Limited and its primary communities of Okpoama, Ewoama and Twon Brass, all in Bayelsa State. At a periodic meeting to brief the communities on the status of the projects at the company‘s site on Brass Island, it was disclosed that most contractors owed workers nearly four months salaries.The General Manager, External Relations, Brass LNG, Mr. Edoven Agbah, described the situation as capable of dampening the morale of workers, pointing out that relevant aspects of the contracts would be revoked if the situation continues. According to him, local contractors were chosen to provide skilled and unskilled labour in logistics, utilities maintenance and general services, in order to satisfy statutory requirements and in keeping with key objectives of the company‘s sustainable development programme. Another area of contention at the meeting was the preference of the community leadership to nominate contractors for discussions with Brass LNG management over jobs allocated to them, which did not give room for competition. Mr. Agbah described the development as capable of giving rise to a cabal. He said, “The acceptable way of doing business is to call for competitive bids from all eligible outfits in the communities, in order to give opportunity for the best possible offers in line with our company‘s procurement policy.”He noted that the Brass LNG was a world class project the universal procedure. He appealed to contractors from the communities to endeavour to attend a Nigerian content workshop being sponsored by the Brass LNG in Port Harcourt on 29 and 30 June, 2010 on available opportunities for business. Some projects scheduled for completion this year include, renovation of Okpoama General Hospital; information centre; St. John‘s Primary School, Ewoama; equipping of the Twon Brass General Hospital said to be the biggest in Bayelsa State.A member of the Brass LNG Board, Chief Bio Gbegesa, who was at the meeting, assured that the issue of providing mobilisation fees for local contractors would be looked into, as it was posing a challenge in the sourcing of funds for the execution of jobs.
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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