Business
NURTW Laments Illegal Motorpark Operations In PH
The National Union of Road Transport Workers (NURTW), Mile Three branch has said that the operations of illegal and unapproved motorparks in Port Harcourt metropolis does not only constitute traffic problems but is an embarrassment to the city.
Speaking to The Tide in a chat, the union’s secretary, Comrade Cyril Amadi, said that some individuals had decided to operate motor parks at unauthorized places.
Some of the illegal motor parks, according to him, include the Emenike Bus-stop, Ikoku, the RSUST Roundabout area and the Mechanic Shed axis.
He said that the culture of impunity seems to be at play, as these illegal park operators go on with this business without molestation nor resistance, adding that their activities have impacted negatively on the traffic situation in the city, as well as reduced the revenue generation that the council make from their motor park.
Cyril opined that there were laid down procedure for operating a motor park, pointing out that the operators of these illegal parks are not members of NURTW nor recognized by industrial transport union and wandered why they should be allowed to run such illegal parks.
The union’s scribe therefore called on the Rivers State government as well as the Port Harcourt Council to wade into the matter, and stop the operators from turning some of these bus-stops to a motor park.
According to him, “if this trend is not put to a check, it means that in the near future, there will be more traffic problems, as more illegal parks will emerge.”
Corlins Walter
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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