Business
Ikeja Residents Scoop Kerosene From Gutter
Residents of Ikeja area of Lagos on Saturday trooped out in their hundreds to scoop kerosene from a gutter along the Agege Motor Road.
Eye witnesses said that the kerosene was discharged into the gutter by a truck that fell off the road while trying to negotiate a bend around midnight on Friday.
One of the eyewitnesses, Mr Francis Gabriel, told our correspondent that the residents rushed to the scene immediately they realised that the liquid content of the truck was kerosene.
He said that some policemen later assisted the truck driver to move the truck off the road in the bid to check the traffic congestion that had built up along the road.
“When the truck fell down last night we thought it was a petrol tanker, but the residents trooped out to the scene when they confirmed it was kerosene.
“We urged tankers drivers to be careful on the road so as to stop the incidence of falling petrol tankers,’’ he said.
One of the persons found scooping the product said that “we decided to scoop kerosene because it is an essential commodity now”.
“A bottle of kerosene is being sold for between N160 and N200, which many of us find very difficult to buy,’’ he said.
Some persons scooped up to 50 and 100 litres of contaminated kerosene into jerry cans.
Mrs Titilayo Abdullahi, a shop owner around the place, said that shop owners within the area rushed out when the accident occurred last night.
“Nobody could wait to see if it was kerosene or petrol, what we were praying for was that it should not affect our shops.
“We thanked God this morning when we were told that it was kerosene,’’ Abdullahi said.
The affected truck has been removed as at the time of filing this report.
Some policemen found at the scene refused to comment on the matter.
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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