Business
Hot Weather: Soft Drink Vendors Record High Sales
Soft drink vendors are making brisk businesses in Yola, Adamawa, due to high demand of the commodity occasioned by hot weather in the area.
Reports say that the rise in temperature to more than 34 degree Celsius in the past few days had exposed the people to the excruciating heat.
The prevailing hot weather coupled with erratic power supply was making life unbearable for the residents.
The situation resulted to a significant increase in demand for soft drinks and cold water by the populace.
A check showed that the situation had made prices of sachet water and soft drinks to go up due to the high demand for the commodities.
A sachet of cold water was sold for N10 as against its old price of N5 before the hot weather.
A can of chilled maltina was sold for N110 as against its old price of N100 while a bottle of coca cola goes for N70.
Some of the vendors, expressed joy over the patronage and expressed the hope that the trend would continue.
Amina Malgwi, a shop keeper, said she had recorded high sales in the last few days due to the hot weather in the area.
Malgwi said she now sells more than 500 sachets of water daily, as against about 200 during the harmattan season.
“My sales of water and assorted drinks increased in the past days. I am happy and making good saving,” Malgwi added.
AlhajiIbrahim Sidi, a resident, said that he spent about N300 on soft drinks daily, adding: “you need cold water to quench your thirst and cool off the heat.”
The Tide gathered, however, that the hot weather has forced most families to sleep outside their houses, in spite of the presence of mosquitoes.
Workers at the Federal and State secretariats were also using hand fans to ward off the heat while others were seen sitting under tree shades to cushion its effects.
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.
