Business
Consumers Get Free Pre-paid Meters In Abuja
The Abuja zonal office of the PHCN installed pre-paid meters free of charge for 232,466 consumers in March, its spokesman, Mr Debo Adegoke, has said.
Adegoke said that more consumers would still benefit from the free installation scheme. He explained that out of the meters installed in March, 19,659 went to consumers in Apo; 21,203 to consumers in; 13,390 to consumers in Gwagwalada; 14,142 to those in Gwarinpa; consumers in Jabi got 17,509, while those in Karu got 78,416.
In Keffi, consumers got 442 pre-paid meters; those in Kubwa got 34,155; in Lokoja, they got 114; Minna got 8,403; Suleja got 24, Wuse 24,995, Bida 11, Lafia 2, while Okene got only one meter, he added.
On frequent power outages in the country, Adegoke explained that there were only two reasons why there could be power outage in the PHCN’s network and he gave the causes as follows:it could be a planned power outage or it could be a forced one; forced in the sense that we were not expecting it, so it could come as a result of equipment failure or as a result of load shedding from the national grid.
“So if it is load-shedding from the grid, we do not have control over it or if it is equipment failure, equally we do not have control over it. It is only planned outages, what we mean by planned outage is we want to maintain our equipment, so we shut down or there is going to be construction along some lines thereby requiring taking off light to be able to do that construction or to do that plan.
“When it is planned, we have the ample time to inform our customers of our intention to shut down. But when it is forced on us we have no control over it; really at the end of it when everything is normal we can now apologise to them for what has happened and tell them the reasons.”
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.
