Business
Ijeododo Residents Task NNPC On Pipeline Corridor
Some residents of Ijeododo Community in Ojo Local Government Area of Lagos yesterday urged the NNPC to sand fill the Igaye pipeline corridor to stop further explosions.
Mr Santos Payama, the spokesman for the community, told newsmen in Lagos that explosions were rampant in the area because the pipeline was under high tension cable.
Payama said that the sand filling was capable of preventing further explosions as electric cables would not fall on the any exposed pipeline.
The explosion occurred on June 1 and on June 4 and the associated fire is yet to be put out.
A similar development occurred in the area on June 6, 2012.
Payama told resporters that the June 1 explosion was the seventh in the area.
He promised that members of the community would watch over the corridor if NNPC sand filled the place.
Payama said that the members of the community were concerned because the pipeline ran through the community.
According to him, it is like the electric poles erected in the swampy area that are weak and need urgent replacement.
“The community, on several occasions, has drawn the Power Holding Company of Nigeria (PHCN) to the weak poles.
“Anytime the explosion occurs, the community remains in darkness pending when the power is restored,” he said.
An official of the Lagos State Fire Service, who preferred anonymity, said that the service had not been able to access the scene of the last explosion.
“Immediately we (service) got the news, we came to the scene with our van, but could not gain access because of the bad road.
“There is little or nothing we can do because of the bad road to the spot, but the fire would die down gradually,” he said.
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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