Business
Telecoms Giant Donates To PH Orphanage
The Mike Adenuga’s Foundation, an arm of Globacom Nigeria Limited has donated items and cash worth thousands of Naira to the Port Harcourt Children’s Home, Borokiri, Port Harcourt.
Items donated include; bags of rice, noodles beverages, baby food, Chairs and educational items.
The Head, South-South Territory Globacom Nigeria Limited, Mr. Chalres Odiase said that the gesture which is the first of its kind in Rivers State is part of the corporate social responsibility of the company to the people of Rivers State and Nigeria in general.
Odiase said that the Telecommunication giant is by the gesture reciprocating what the country has done to it.
“Dr. Mike Adenuga (Jnr) is very keen on showing his love to the less-priveleged this year. We selected this home as one of the homes to which we will bring the blessings of Globacom.
“We have come with gifts as well as the various items, to improve the quality of life of the people . This is our own way of showing love and concern during this festive priod,” he said.
He said that the company will not only continue with the programme, but effort will be made to ensure that more homes benefit from the gesture.
The Head South South Territory said that the company will continue to maintain its leading role in the Telecommunications sector, describing the over 20 million subscribers of Globacom in the country as a no mean feat.
Receiving the items on behalf of the Port Harcourt children’s Home, the matron, Mrs Barile Nwakoh thanked the company for the gesture, stressing that it will help to reduce the sufferings of the inmates.
Mrs. Nwakoh who was represented by her Assistant, Mr. Benedict Diba who assured that the gesture will be put into judicious use, also stressed the need for other companies to emulate globacom by identifying with the home.
Business
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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.
