Business
‘Postal Services Benefitting From ICT Dev’
The Post-Master General of the Federation Malam Ibrahim Mori Baba, has said that globalisation and the advancements in Information and Communication Technology (ICT) have brought about enormous opportunities to the post offices.
Baba, made this remark in Port Harcourt recently during the 2010 Zonal Merit Awards.
He said that ICT has brought about tremendous increases in global commerce with a resultant increase in the demand for logistics services.
The post master-general assured that the post office will continue to maintain its leading role in meeting the current demand in the industry.
He stressed the postal system is a veritable medium of economic and social development especially in Nigeria given the wide reach of postal facilities.
The post office boss, also saw the vast nationwide network of the country’s post office as a stimulant in the improvement of the living standards of the people when properly harnessed.
He informed that government has identified this important potential and the need to upgrade the post office in order to serve as a one-stop centre where ICT related products and services can be offered.
Earlier, he had lauded the media for their positive projection of the image of NIPOSt, adding that Nigerian press remains one of the most vibrant and creative in the world.
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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.
