Business
Engineers Move To Tackle Building Collapse
The Nigerian Institute of Structural Engineers (NISE) has stated its resolve to tackle the menace of building collapse which has bedeviled the building industry for some time now.
To this end, the engineers have determined to seek and verify the causes, implication and prevention of structural failures that have become the rue rather than the exception in the country.
According to a statement issued recently by NISE, on the matter, which has made available to The Tide, the body advised governments at all levels, as well as stakeholders in the building industry on what to do to stem the tide.
The Institute through its President, Mr. Victor Oyenuga advised that every building project, no matter how small should be handled by a structural engineer, and made bold to state that none of their members has been involved in any of the collapses so far recorded.
Oyenuga maintained that ignorance is more expensive than education, noting that the issues bordering on structural failures, building collapse and similar aberrations in the nation’s technological and engineering endeavours have dominated NISE discussions.
In the statement, the body noted “We remain undaunted on our vow to play our roles as professionals, and our collective actions that could lead to building collapse prevention, and the effects on the design of defective drawings that are capable of causing collapse of buildings, among other issues”.
The Institute however absolved its members from blame in the causes of building collapse in the country, and appealed to the public to be properly guided.
Corlins Walter
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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