Business
Fertilizer Plant: Dangote Appoints New Consultancy Firm
Dangote Group has appointed TATA Consulting Engineering as its management consultants for its $1.9 billion fertiliser plant in Edo State.
The appointment of TATA came after the Pan-African conglomerate signed the contract for the construction of the largest fertiliser plant in Africa with Saipem.
President of Dangote Group, Aliko Dangote, while speaking on the partnership deal, said that his company was poised to put in place a global standard fertiliser plant which would help revolutionise agriculture in the country and Africa as a whole adding that this informed his choice of renowned partners in the construction of the plant.
According to him, the plant with a production capacity of 2,200 metric tons per day (mtpd) of ammonia and 7,700 mtpd of granulated urea (two 3,850 mtpd-capacity trains) will be the largest fertiliser plant in Nigeria and Africa as a whole.
“Our ultimate goal is to build a world-class plant that meets the highest global standards.
“We trust TATA Consulting Engineers with this project as we believe they have capabilities to handle such a large scale project with multiple dimensions. Our ultimate goal is to build a world-class plant that meets the highest global standards,” Dangote said.
He explained that TATA Consulting Engineers Limited, an integrated engineering solutions consultant would assist the Dangote Group with review engineering, construction management, quality management, health and safety management and the entire gamut of project management services.
TATA Consulting Engineers, Dangote said, had a track record of delivering complex projects working seamlessly with several entities, stating that the teams from the Dangote Group and TATA Consulting Engineers would work together to complete the project on schedule.
The Managing Director of TATA Consulting Engineers, J. P. Haran, expressed delight at the partnership deal between his company and the Dangote Group, pointing out that the contractual agreement would offer his organisation an opportunity to provide the world-class services that TATA was known for globally.
He described Dangote Group as one of the most diversified groups in Africa and known for its business excellence and quality products.
“TATA Consulting Engineers’ association with the Dangote Group is a long-standing one with several expansion projects, cement plants and power plants commissioned in the past.
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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