Business
Brass LNG Takes-Off 2013
Bayelsa State Government has indicated its readiness to provide the enabling environment for the Brass Liquefied Natural Gas Project to achieve its set objectives.
Governor Seriake Dickson stated this while exchanging views the Board and management team of BLNG, who visited him at Government House, Yenagoa.
Describing the project as a centre of gravity for the development of the state, the Governor, who was represented by his Deputy, Rear Admiral Gboribiogha John Jonah (Rtd) expressed confidence in the team and called for enduring partnership between all critical stakeholders in the project.
To demonstrate its commitment to the project, Governor Dickson noted that his administration is prioritizing the Nembe-Brass road and the development of a deep seaport in the state.
According to him, the design of the road will make provision for the construction of a railway on the long term to connect the state to commercial centres such as Onitsha.
Governor Dickson who identified lack of communication as the cause of hostilities between some oil majors and their host communities called on BLNG not to concentrate all of its activities especially fabrication facilities in Brass Island.
Commending the company for its training programmes, Hon. Dickson urged the BLNG to complement his administration’s efforts at giving specialized training to more youths in areas such as underwater welding with a view to making them relevant for the project.
The Governor acknowledged BLNG’s recognition of the relevance of the Nigerian Content Development and Monitoring Board, pointing out that the activities of the board could lead to a multiplier effect that would actually accommodate grievances that might be expressed by some of the host communities.
Speaking earlier, the Chairman of the Board of Brass Liquefied Natural Gas, Dr. Jackson Gaius-Obaseki expressed hope that the project would take-off on or before the end of the first quarter of 2013.
In his presentation, the Managing Director of BLNG, Mr. Lorenzo Di Lorenzo said contracts for the construction of Gas Trains Engineering and Procurement, Onshore and Offshore works including loading facilities have been awarded to Bechtel.
Mr. Lorenzo listed the shareholders of BLNG to include NNPC (49%), Eni (17%), Conoco Philips (17%) and Total (17%).
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.
