Business
Market Women Protest High Tolls
Market women from Udua Nka in Eket, Akwa Ibom have protested against the daily increase in tolls in the market.
Reports say that the women marched to the Eket Local Government to protest the 100 per cent increase from N20 to N50
The women, who carried green leaves and chanted songs, described the arbitrary increase by the council as unbearable.
The spokesperson of the women, Mrs Emem Bassey, accused the officials of the council of exploiting them “under the guise of revenue drive for the local government.
“We came to register our protest on the charges imposed on us. It is even worse because the officials do not give us tickets or proof that the money goes to the council.
“We pay N20 daily toll and the amount written on what they give us as ticket is N10 and now they are demanding us to pay N50.
“We came here to find out what is happening, most of us are struggling to feed our children and do not even have capital. “
She said that the women collect the fruits and vegetables from the farmers on credit and return the proceeds to the farmers the next day, saying: “we cannot afford to pay the new tolls. ’’
She urged the local government to cancel the new daily toll regime.
Addressing the market women, the acting Chairman of the Local Government, Mr Frank Archibong, appealed to them to exercise restraint to enable him to look into their grievances.
Archibong, who said that he had not been briefed, directed that they should revert to the old tolls.
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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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