Business
Firm Lists Gains Of Team Work
Team work has been described as a better way to achieve positive result at the work place, even as it is also said to promote good working relationship between management and staff.
The Site Manager of Stemco Limited, Airport Yard, Mr. Elie Bitar, said this while speaking with newsmen at the site last Friday.
He said team work produces better result than when staffs are operating individually and independently.
Bitar recalled how much the site could improve before he resumed duty some six weeks ago, saying the grouping of the workers into different task forces has produced a tremendous output.
The Stemco manager noted that the task forces which has different workers from various units did not only ensured safety, but also increased work speed.
“It wasn’t easy when we started, but everyone has to cooporate, we achieve a lot when we work as a team”, he said.
According to him, the task forces also took care of the Yard which was in messy when he resumed duty, as well as created parking slots which the place also lacked.
He pointed out that he commenced picking some debris at the work place himself from what he described as special areas, which he said took them about 20 days, to tidy it up.
He also said that no one is above the rule as it concerns cleanliness of the work place, adding that the result achieved so far, will be sustained.
Bitar attributed the traffic situation in the state as one of his greatest challenges as he spends about two hours before arrival at the site close to Airport Hotel in Ikwerre Local Government.
On staff welfare, he said it is handled based on Nigerian policies.
Other workers who spoke like the women in charge of Gender Equality Unit, Mrs Comfort Asibor, said the women can now flow with their male counterparts at work, since Bitar created the gender equality unit.
Landlord to the company, Chief Augustus Nwonodi, however, lauded the Stemco General Manager Engr. Gabriel Bitar for his ability to spread employment among his people
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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