Business
Construction Of New Airport Terminals Begins July
The Federal Government will start the construction of five new international terminals in Lagos, Kano, Abuja, Enugu and Port-Harcourt in July, an official, has said.
This is contained in a statement made by the General Manager, Corporate Communications, Federal Airports Authority of Nigeria (FAAN), Mr Yakubu Dati, in Lagos recently.
FAAN’s Managing Director, Mr George Uriesi, said the construction of the terminals would pave way for the aerotropolis concept designed to turn around the fortunes of the nation’s aviation.
Uriesi said the remodelled Malam Aminu Kano International Airport would be inaugurated on March 15 while Sam Mbakwe International Cargo Airport, Owerri, would take place on March 22.
According to him, this will be followed in quick succession by the remodelled airports in Yola, Enugu, Jos, Port-Harcourt and Kaduna.
He, however, added that the authority would work with entrepreneurs who had proven track records of excellence in their various business endeavours.
The managing director said that the authority’s quest was to transform Nigerian airports into ideal airports with state-of-the-art facilities.
He noted that the vision of the Minister of Aviation, Princess Stella Oduah, to transform Nigerian airports into centres of excellence was beginning to yield the expected results.
Uriesi said that the authority was determined to prove that good things could come out of the public service.
The FAAN’s helmsman added that the vision would be achieved through the provision of modern airport facilities that would give the public value for their money and make Nigerians proud.
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.
Business
AFAN Unveils Plans To Boost Food Production In 2026
-
News3 days ago2026 Budget: FG Allocates N12.78bn For Census, NPC Vehicles
-
Sports3 days agoAFCON: Osimhen, Lookman Threaten Algeria’s Record
-
Politics3 days agoWike’s LGAs Tour Violates Electoral Laws — Sara-Igbe
-
Politics3 days agoRivers Political Crisis: PANDEF Urges Restraint, Mutual Forbearance
-
Sports3 days agoArsenal must win trophies to leave legacy – Arteta
-
Sports3 days agoPalace ready To Sell Guehi For Right Price
-
Sports3 days agoTottenham Captain Criticises Club’s Hierarchy
-
Maritime3 days agoMARITIME JOURNALISTS TO HONOUR EX-NIWA MD,OYEBAMIJI OVER MEDIA SUPPORT
