Business
PHCN Manager Urges Customers To Protect Installations
The Business Manager, Power Holding Company of Nigeria (PHCN), Awka Mr Emmanuel Dim, has urged the public to protect PHCN installations in their various areas.
Dim, in an interview with newsmen observed that there was a high rate of vandalism of power installations in the state.
He urged customers of the organisation to watch closely PHCN installations in their locality, stressing that any vandalised sub-station would not have replacements.
He said that the company had recorded very huge losses of its infrastructure to vandals in the past few weeks and warned them to desist or they would face prosecution. if caught.
Dim encouraged its customers to guard all the transformers within their localities jealously and called for the enabling environment for a better service delivery.
He also appealed to indebted customers to clear their bills, noting that a large number of customers were owing.
According to him, customers are owing N120 million, and he advised them not to wait for disconnection before settling their debts.
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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