Business
Work Resumes In PH As Offices Remain Shut
Several offices in Port Harcourt, the Rivers State capital, were still under lock and key yesterday as work resumes nationwide after the holidays.
Agency reports, however, indicate that some civil servants were yesterday seen in their offices.
Similarly, most shops and commercial outlets were still locked as only a few shops were opened for business at the Mile one and Mile three markets.
It was also reported also reports that many civil servants blamed the non resumption of their colleagues on the hike in transportation fares due to the removal of fuel subsidy.
Mr Rita Ichela said most civil servants who travelled home for the Christmas and New Year celebrations had not returned due to the situation.
“It is difficult, everything is out of plan and budget already, so a lot of people could not return to work immediately, they have to put themselves together,” he said.
Port Harcourt, however, witnessed more vehicular movements than it did during the holidays.
Boarding terminals of major transport companies in the city were filled with passengers travelling back to their dwelling places.
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.
Business
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