Business
Eid-el-kabir: Motorists Demand Regular Fuel Supply
Some motorists and passengers in Abuja on Saturday urged regular supply of petrol to ease vehicular movement before and during this week’s Eid-el-Kabir festival.
A cross-section of the motorists and passengers told our correspondent at the Jabi Central Motor Park that this would prevent transport fare increase during the festive period.
They said that past experiences had shown that a regular supply of petrol would prevent the increase in transport fare during the period.
The festival will take place on Friday, October 26 (the 10th of Dhul-Hijja) when pilgrims performing this year’s Hajj in Saudi Arabia must have descended from Mount Arafat.
The Vice-Chairman, Long Journey Bus Branch of the National Union of Road Transport Workers (NURTW), Mr Samuel Agbana, said he had observed a reduction in the queues at the filling stations.
“But government has to maintain the tempo of supplying the product to alleviate the present suffering of motorists and passengers and also prevent it from escalating during the festive period,’’ he said.
Agbana said the union’s members had done their part so far by not increasing transport fares in spite of having many of their drivers queueing for petrol at the filling stations.
Another member of the union, Mr Abdullahi Mohammed, said he and other drivers were however yet to feel the impact of the festival in the park as passengers were yet to travel for the festival.
He urged government to improve on the supply of petrol as passengers would begin to travel for the festival from next week.
“For now our vehicles are waiting for passengers. But I believe that by next week, the park will witness a high influx of passengers. I just hope that government will ensure a stable supply of fuel,’’ Mohammed said.
Some passengers also told our correspondent that they wanted government to redouble its efforts at ensuring a regular supply of petrol during the festive period.
Alhaji Usman Yinusa, a passenger who described Eid-el-Kabir as a big festival, said many Muslims normally celebrate it at their various family homes.
“It won’t be good if inadequate fuel hinders them from travelling home,’’ he said.
Yinusa also urged government to devise means of making fuel available at all times as its scarcity might affect activities during the period.
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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.
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