Business
Monarch Endorses Andoni, Opobo/Nkoro Economic Summit
The Opobo/Nkoro council of traditional rulers have given their royal support and backing to the forthcoming economic development summit organised by the Andoni, Opobo/Nkoro economic zone foundation.
The royal fathers made this known when the steering committee for the economic summit set up by the foundation went on a sensitisation visit to the chiefs at Nkoro town.
Speaking on behalf of the Opobo/Nkoro council of Alapu (traditional rulers), the Amanyanabo of Opobo Kingdom, and chairman Opobo/Nkoro council of traditional rulers, king Dandeson Douglas Jaja, Jeki V. (JP), commended the efforts of Hon. Dakuku Peterside for thinking out the idea of the summit calling upon all those involved in driving the dream to see it as a clarion call to serve the people.
King Jaja, who sees the summit as an effort in the right direction that will propel the activities of the local economy however, advised that politics should not be allowed to take over the novel idea.
The royal father enumerated the abundance of resources in the area and called upon the state government to speed up actions towards the completion of the unity road, connection of the area to national grid, provision of potable water which will help to enhance the interest of investors to come and set up industries in the area.
Earlier, the secretary of the steering committee, Hon. Michael Donald Igolima, enumerated the plans, visions and missions of the foundation towards the development summit saying that the summit will help to set up a strategic plan to engage development partners even as it helps to showcase the abundant resources in the communities of the zone to investors and development partners.
Hon. Igolima said that through the summit the latent resources in the area will be exposed to the world to enable would be investors have first hand knowledge of what exists and the area to enable them avail themselves of the opportunities.
The foundation secretary who called on all to join them in showing to the world that there is so much in Andoni, Opobo/Nkoro federal constituency that investors can tap and invest in, listed some of the things going on in the area to include the peace in the suburb, abundant human and natural resources, tourism potentials like the important monuments, elephant sanctuary, the Opobo international boat race (OIB), the deposits of natural sand at the ocean banks, and so many others that can be turned towards the development of the area.
In his remarks, a member of the foundation steering committee, Amaopusenibo Igoni Willie Park, who was full of gratitude to the royal fathers for accepting the team, apologised for the seeming disconnect in their previously planned meeting with the Chiefs.
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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.
