Business
Multiple Fire Outbreaks Rattle Yenagoa Residents
Two separate fire incidents that occurred in Yenagoa, the Bayelsa State Capital on Monday and Tuesday were now causing apprehension among the residents
The first fire outbreak which occurred on Monday evening in Yenagoa, Bayelsa State, destroyed over 30 make-shift buildings located at Shell Ramp, Swali community.
The inferno which started at about 6.30 pm, destroyed valuable property including vehicles worth millions of naira.
Officials of the state fire service and some public spirited individuals rushed to the scene to assist in putting off the fire with water,sand and detergents.
Some of the victims including commercial sex workers were now squatting with friends and relations in the state capital.
There was no casualty recorded but the victims of the incident were said to be counting their losses.
The Tide gathered that it was the timely intervention of the men of the state fire services that prevented the fire from spreading to the nearby popular Swali market.
The cause of the inferno was attributed to an explosion which set blaze adulterated petroleum products being sold by an illegal bunkerer.
The area is said to be a den for bunkerers, commercial sex workers and other illicit traders.
Several efforts by law enforcement agents to dislodge them was unsuccessful, according to a police officer who pleaded anonymous.
When The Tide in Yenagoa visited the scene, thick smoke was still oozing out from the ashes.
But barely 72 hours after the incident, another fire occurred at the popular furniture firm in Yenagoa, destroying Royal Heroes Furniture and goods and property in the area.
An eyewitness and resident , Tari Henry, said the fire started from a waterfront where hordes of petroleum sellers reside.
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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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