Business
Don Advocates Modern Borehole Drilling Methods In Coastal Areas
A borehole specialist, Dr Sabastine Ngah, has advocated the adoption of safest drilling methods for boreholes in coastal areas to prevent fresh water pollution.
Ngah a lecturer at the Institute for Geo-sciences and Space Technology, Rivers State University of Science and Technology, gave the advice in an interview with newsmen in Abuja recently.
He said that the advice became necessary given the crude oil drilling activities taking place in the coastal areas of the country, a development, which he said, made access to clean drinking water a challenge.
According to Ngah, the difficulty in getting wholesome water is a result of salt water intrusion into the fresh water aquifers in the course of drilling.
An aquifer is an underground layer of water-bearing permeable rock or unconsolidated material, gravel or sand from which groundwater could be extracted
“In the coastal areas, that’s where most activities especially the oil collecting activities take place, especially in Lagos; and a lot of people are living there; they have problem getting water to drink because salt water tends to encroach into the fresh water aquifers.”
He advised government to facilitate research studies that would provide solutions to the challenges.
“The way forward is for experts in the field to carry out studies; government should show interest and then commission the studies because it has been about studies.
“You must study to get to know what is where and then these studies will begin to bring in results.”
On the depletion of underground water, the lecturer said underground water mainly depleted in quality and not quantity, adding that it was a resource that could be recycled.
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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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