Business
NOSDRA Probes Bayelsa Spill …As Chevron,Koluama Trade Blames
As the simmering disagreement between Chevron Nigeria Limited and Koluama communities over the cause of a huge oil spill allegedly from the company’s production facility in Bayelsa State, a team of oil experts comprising officials from Chevron company, have undertaken a Joint Investigation Visit (JIV) on the company’s oil field off Bayelsa coastline where the leak was alleged to have occurred.
The team, including National Oil Spills Detection and Response Agency (NOSDRA) and representatives of Koluama 1 and 2 coastal communities, participated in the visit.
Residents of Koluama communities had alleged that the leak impacted on their environment and urged the government to ensure prompt investigation into the incident.
However, Chevron in a statement signed by the General Manager, Policy, Government and Public Affairs unit, Mr Deji Hastrup, said the company did not record any oil spill in the area.
Head of NOSDRA’s Zonal Office in Port Harcourt, Mr Adeyinka Adewumi, said that the agency had begun investigations into the incident.
Adewumi said that NOSDRA officials, Chevron and representatives of the host communities in Koluama, Southern Ijaw council area of Bayelsa, had visited the site.
“Chevron reported a leak in their field and our officers, Chevron representatives as well as community representatives and other agencies in the sector visited.” he said.
A resident in Koluama, Mr Sale-Epri Mathew, who participated in the visit, said that the team visited the site at Middleton production platform.
Mathew said that the joint team was at a pipeline location which connected Middleton and Pennington production platforms during the visit and found some quantities of crude at the site.
“We observed that people involved in illegal bunkering may have been behind the leak but it appeared that the pipeline was not having much oil when they struck.
“We saw some quantity of oil less than two barrels and all the parties unanimously agreed that it was sabotage by suspected oil thieves; that was our conclusion,” Mathew 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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