Business
Julius Berger Set To Construct 2nd Niger Bridge
The Federal Government has completed the procurement process for the construction of a second Niger Bridge with Julius Berger-Africa Infrastructure Management (AIM) Consortium emerging the preferred bidder.
Briefing newsmen in Abuja, the Minister of Works, Mr Mike Onolememen, said the government had earmarked N30 billion under Subsidy Reinvestment Empowerment (SURE-P) programme for the project.
Onolememem said that Julius Berger-AIM Consortium emerged winner after slugging it out with other world-class construction companies which included ARM, Bouygues Consortium, China Harbour Consortium and Johnson-Matiere Consortium.
According to him, the project, packaged under Public-Private Partnership (PPP) arrangement for a period of 25 years, will be delivered under design, finance, built, operate and transfer model.
Omolememen said that the ministry had obtained a “no objection” from the Infrastructure Concessioning Regulatory Commission (ICRC), which regulates all transaction under PPP.
Having obtained the no objection, the ministry launched into the second phase of the project”, the minister said.
He said that the second phase included detailed Hydrological and Topological Survey, Geotechnical Survey, detailed Envrionmental Impact Assessment and in-depth traffic survey of the project.
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.
