Business
Union Bank Donates Computers To Varsity
The Union Bank of Nigeria has donated eight desktop computers and eight printers to the Federal University, Dutse.
Presenting the computers to the institution, the Deputy General Manager in charge of Kano Zone, Alhaji Turaki Ibrahim, said the donation was part of the corporate social responsibilities of the bank.
Ibrahim said that the gesture was to support the new university for its smooth take-off.
He commended the institution for its rapid transformation, adding that it was worthy of emulation by other universities.
Ibrahim said the bank would continue to partner with the institution in relevant areas like business skills to sustain the momentum.
The Vice Chancellor of the university, Prof. Jibrila Amin, thanked the bank for the donation.
He commended the bank for the kind gesture and pledged to use the computers judiciously.
Amin expressed willingness to partner with any bank that would assist the school to enhance its growth.
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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