Business
Army Opens Contract Bid For 250m Projects
The Nigerian Army last Thursday in Abuja opened bids for
tender for capital projects valued at N250 million.
The projects include drilling of boreholes in some barracks,
supply of tyres for operational vehicles and purchase of vehicles.
Speaking at the ceremony at the Army Headquarters,
Brig.-Gen. Dike NNna, Army Director of Logistics and Planning, said the bids
were opened in compliance with the Public Procurement Act.
NNna said the Act stipulates that there should be fairness,
transparency and open competitiveness in the award of contracts.
He said that with the open process, it would be seen that
there was no fraud or corruption in the contract award.
“More than that, a quarter of the people that bid are
present and this shows that the army had notified people of the projects,” he
said.
Mr Ogundele Kingsley, Procurement Officer, Ministry of
Defence, said the exercise was satisfactory as due process was followed as
stipulated by the PPA.
“I am satisfied with how the army had conducted the exercise
by informing and assembling the contractors,” he said.
Mr Peter Ozagu, an Independent Observer, also said that he
was satisfied with the conduct of the exercise as the large number of
contractors in attendance showed that the army had informed them.
Some of the contractors who spoke to the newsmen also
expressed satisfaction with the exercise.
Mr Kayode Ayeni, Rubabell Nigeria Ltd., said the exercise
had followed the “tradition of the military which is integrity, openness and
accountability”.
Mr Eze Eleyton, Pillar Plus Nigeria Ltd, commended the
transparent process and hoped that it would be sustained till the end.
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.
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