Business
Committee Advises Against Pipeline Vandalisation
The Rivers State Committee on Pipeline Right of Ways has called for the involvement of Local Government Chairmen and Community leaders in the fight against illegal oil bunkering and pipeline vandalisation.
Chairman of the Committee, Mr Charles George who made the call during stakeholders meetings in some local government areas in the state urged communities to join the government in the campaign against pipeline vandalisation.
Mr George said that one of the ways of doing this was for the community leaders to advise their wards against involvement in acts destructive to the environment, contending that government cannot do it alone.
He also stressed the need for youths in the various communities across the state to embrace the various skills acquisition programmes set up by the government to improve themselves.
Meanwhile, communities in the state have accused oil companies of negligence, saying that they have failed to take proper care of their pipelines.
Speaking at Gokana, Chief Simeon Monokpo said that oil companies must form the habit of replacing old pipes.
He said that most oil and gas pipes in Gokana needed to be replaced to avoid leakages.
In Okrika, the council chairman, Dr Godknows Tom George lamented that most pipelines criss-crossing the area were exposed, noting that this has given rise to indiscriminate interference by vandals.
He promised to ensure that encroachment on pipeline right of way in the area was checked and urged the affected companies to bury their pipes to avoid the danger of oil and gas leakage.
Stakeholders in the other LGAs including Etche, Oyigbo and Akukutoru also deplored the attitude of multinational companies towards ensuring that their pipes were kept in good condition.
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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