Business
TIMA-RIV, Environment Ministry Partner On Street Trading
In a move to rid the state of street trading, wrong parking and illegal parks, along Rumuokoro and Rumuola axis, the Rivers State Road Traffic Management Authority (TIMA-RIV) has last Wednesday collaborated with the State Ministry of Environment, with a view to ensuring free flow of traffic on our roads.
The Controller-General, Rivers State Road Traffic Management Authority, Nelson Jaja dropped the hint during the formal presentation of quarterly Statistical Survey Report (December 2010 – February 2011) in his office in Port Harcourt.
According to him, “we are working with the ministry of Environment to get street traders out of the roads at Rumuokoro and Rumuola axis of Port Harcourt, which are very pathetic to road traffic.”
He said that TIMA-RIV can no longer tolerate the attacks and threat to life on its marshals by street traders and commercial drivers picking passengers at unapproved loading bays along the road, saying that stiff strategies have been put in place to clamp down on defaulters.
In his remarks, the permanent secretary, Rivers State Ministry of Environment, Rufus Godwins, Commended TIMA-RIV for the partnership initiative with his ministry, stressing that with the synergy between the two bodies, a lot would be achieved in that direction.
He recalled that, on several occasions, staff of the ministry were also attacked by the street traders who were constituting public nuisance and menace to traffic flow, saying that joint efforts should be intensified to tackle the problem.
He enjoined other stakeholders and the general public to support and co-operate with TIMA-RIV in their bid towards road traffic decongestion.
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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