Business
Fire Guts MMA Fuel Dump
The Federal Airports Authority of Nigeria (FAAN) owned and operated fuel dump, close to FAAN’s corporate headquarters at the Murtala Muhammed Airport, Ikeja, Lagos, was gutted by fire last Tuesday.
Eyewitness told journalists at the scene that the fire started at about 10:40 a.m. No life was lost to the inferno before it was put off by firemen from FAAN.
The witnesses said that the fire, which lasted for about 10 minutes, broke out while some workers were working at the dump site.
They said that workers in offices around the scene also brought out their fire extinguishers to assist in extinguish the fire before the FAAN fire tenders came with their fire fighting equipment.
One of the workers, who spoke anonymously, disclosed that some jerrycans filled with diesel were stored in the dump .
He said that he did not know what happened but that they suddenly saw flames coming out from the fuel dump.
“Nobody can explain what really happened; all we know is that we were working and all of a sudden, we saw the place going up in flames and we started shouting for help.”
General Manager, Corporate Communications, FAAN, Mr Yakubu Dati, who was also at the scene, told journalists that the fire was put off on time by the men of the FAAN fire services.
He reiterated that that the men of the FAAN fire services have been trained to effectively combat any fire incident at the airport.
“You were there when we commissioned the fire trucks and you can see how fast those firemen showed up to put off this fire.
“ It shows that FAAN is working tirelessly to ensure that the airport is always safe for all our users and even those that work at the airports,” he said.
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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