Business
Queues Disappear From FCT Filling Stations
Long queues have disappeared from filling stations in the
Federal Capital Territory (FCT) following the suspension of strike by NUPENG
late on August.
Our correspondent, who went round the city over the weekend
reports that all filling stations visited were found selling petrol to
motorists.
At the NNPC mega Station in ABuja, vehicles were moving in
and out of the filling station with ease as against the long queues experienced
a few days ago.
Mr. Yohanna Stephen, Operation Supervisor of the NNPC mega
station, said he was happy with the new development.
Stephen described the strike period as tense, especially for
staff of the mega station that operated throughout the period.
A motorist, Mr. Funsho Aguonbole told our correspondent that
he was happy with the improvement in supply, saying that the period of the
strike was hectic.
Another motorist, Mr Alex Okoye described the strike by
NUPENG as a sabotage of President Goodluck Jonathan’s administration, saying
there was no reason for the strike.
“Thank God that they resolved the issue and the product is
now everywhere,” he said.
It was gathered that 10 litres of petrol which sold for as
much as N3,500 in the black market during the strike now sells for N1,800,
while 20 litres now sells for N3,800 as against N7,000.
One of the operators, who gave his name as Imam Abubakar,
said that he was now running at a loss following the re-opening of most filling
stations in the city.
“We bought the fuel at an exorbitant price before the strike
was called off; now that they have resumed services we are running at a loss,”
he said.
Our correspondent also reports that transport fare whcih
went up during the scarcity is now back to normal.
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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