Business
FAAN Boss Explains Re-Modelling Of Airport
The additional car parks and ring roads being constructed at the Nnamdi Azikiwe International Airport, Abuja would ease traffic congestion at the airport.
The Regional General Manager, North Central of the Federal Airports Authority of Nigeria, (FAAN), Mr Chris Bature, made this known last Saturday in Lagos.
According to him, the relocation of all flights operations to the international wing of the airport is due to the remodelling work on the local terminal.
Bature, however, warned that the FAAN management would sanction those drivers, who pick and drop passengers at the airport without recourse to other road users.
He said that a special unit of the Federal Road Safety Corps would be stationed at the airport to help to restore sanity.
“We want to ensure that discipline is brought to bear on operations in the airport because part of the problems confronting the airport are impatient and indiscipline”.
He expressed regrets that some public office holders exhibit “the big man mentality’’ as they come to the airport with 10 cars and would not want to park at the designated area.
The general manager said the remodelling of airport, when completed, would help generate revenue from non-aeronautical sources.
Bature noted that financial burden on the airlines would be reduced; pointing out that more offices would be available for business.
He said that the power systems at the airport were being upgraded for efficiency, adding that necessary measures had been taken to beef up security of passengers and visitors.
He said that passengers would not regret the sacrifice they had made while the construction lasted.
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.
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