Business
PH Eatries, Recreation Centres Witness Low Patronage
Recreational centres and eatries in Port Harcourt and its environs witnessed low level of patronage as a result of the nation-wide strike called by the Nigerian Labour Congress (NLC) and the Trade Union Congress (TUC) over the removal of subsidy on petrol by the Federal Government.
The Tide gathered that some of the bars, recreational centres and eatries had very low customer patronage during the strike, especially towards the end of last week, while the few that called at these centres, it was gathered, resorted to purchasing cheaper items due to lack of cash.
Our reporter also gathered that some customers to these centres who normally larvish good sums of money, could not have access to cash, due to the strike as banks and other financial institutions were not in operation.
An eye witness who visited some of these centres at the GRA axis of Port Harcourt told The Tide that some well known customers to these centres who went out of cash during the strike, curningly boycotted the relaxation joints.
However, some few places The Tide observed during the strike showed that the strike period drained cash out of the pocket of people, as the usually busy “120 Inn” in Rumuosi and other relaxation joints within the Akpor Axis had very low patronage, as people tried to cut down on their consumption while the strike lasted.
The NLC and TUC on Monday called off their joint strike which began penultimate Monday to protest the Federal Government’s unilateral removal of subsidy on petrol price. The call-off followed Federal Government’s decision to reinstate part of the subsidy which has now been moved back from N141.00 to N97.00 per litre.
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.
