Business
Crude Oil Production Begins At Bonga, EA …As NOSDRA Denies Spill’s Flow To A’Ibom
Full scale production of crude oil, has now resumed at both Shell Nigeria Exploration and Production Company’s (SNEPCo) Bonga and EA offshore oil fields following the successful completion of clean up of the 20 December, 2011 leak on Bonga and repair works on EA facilities.
A statement by Shell’s Corporate Media Relations Manager, Tony Okonedo, yesterday said “production resumed at Bonga on January 1, 2012, following reinforcement of asset integrity and safety programmes.”
SNEPCo had shut down production from the field after leak occurred on one of the three export loading lines as oil was being transferred from the Floating, Production, Storage and Offloading (FPSO) vessel to a loading tanker.
Okonedo quoted Shell Nigeria Country Chair, Mutiu Sunmonu, as saying that, “while investigation into the cause of the leak continues, we have isolated the faulty line, which was only one of its type in the Bonga field, and reinforced our asset integrity and safety programme.”
According to him, “this, together with additional inspection testing and monitoring, is what gives us the confidence that it is safe to restart.
Sunmonu said that, “oil from the Bonga leak had largely dispersed by Sunday, December 25, 2011 due to the integrated efforts of SNEPCo, the Nigerian government and our industry partners in the application of dispersants, and natural processes of dispersal and evaporation,” adding that, “we are taking samples of the third party spill as part of the joint investigation in order to establish beyond doubt that this is not Bonga oil of the beach. It will be good if all parties would wait for the outcome of the investigation.
In a related development, the Shell Petroleum Development Company of Nigeria (SPDC) resumed production at its shallow offshore EA Field on 27th December, last year, on completion of the scheduled statutory inspection, engineering and maintenance works on the FPSO vessel, Sea Eagle.
The Sea Eagle was shut in on November 9, 2011 for the exercise, which included repairs to the Soft Yoke Mooring Platform and Relief Valve Recertification.
Meanwhile, the National Oil Spill Detection and Response Agency (NOSDRA), says the Bonga oil spill is not moving towards Akwa Ibom.
The Director-General of the agency, Mr Peter Idabor, made the clarification in an interview with newsmen in Abuja.
Idabor said that the Bonga oil spill did not move backward towards Akwa Ibom but upwards towards vocados.
“I want to correct an impression here, the Akwa Ibom people are saying that the oil moved backwards to their coast line.
He said that he had accompanied the Minister of Environment to the oil spill site for an on-the-spot assessment but noted that the spill was moving towards the vocados.
He said that the agency used satellite imagery to monitor the movement of the spill from Bonga, adding that records were available for anyone who was interested to see it.
Idabor said that the agency activated the National Oil Spill Contingency Plan (NOSCP) after Shell announced that the volume of the crude spill was over 30,000 barrels.
He said that the activation of the plan involved drawing the attention of the stakeholders on the need to treat the spill as an emergency.
According to him, the stakeholders include customs, immigration, Navy, Army, among others.
Idabor commended Shell for preventing the spill from spreading to the shore line through the deployment of a spill control aircraft from the United Kingdom.
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.
