Business
2014 Budget ’ll Top House Agenda On Resumption – Mohammed
The House of Representatives said that the 2014 budget would be given top priority on its agenda on resumption on January 21, 2014.
The Chairman of the House of Representatives Committee on Media and Public Affairs, Rep. Zakari Mohammed disclosed this at a news conference in Abuja on Monday.
Zakari, in his pre- resumption address, also revealed that the resumption earlier scheduled for January 14 had been shifted to January 21.
He said that the shift became necessary due to the celebration of the Muslim Eid-el-Maulud on Tuesday January 14 as well as the Armed Forces Remembrance Day on January 15.
The House spokesman said that January 16 would be used for constituency outreach.
“We will look at the issue of the 2014 budget,” he said.
He said that the issue of 50 questions given to the Minister of Finance by the Finance Committee would also be treated.
“The finance committee was given a responsibility by the mandate of the House and the committee must report back to the House what it was asked to do.
“It is the House in its wisdom that will devise the next line of action; the finance committee has done the assignment given to it by the House.
“Definitely on resumption, the finance committee would brief the House and then from there, we draw conclusions and inferences,” he said.
He assured Nigerians that the 2014 budget would not be a case of “garbage in and garbage out”.
“We must consider the budget because it is a money bill, but we will not be blackmailed or bamboozled to just assume it is a case of garbage in, garbage out.
“Anybody who thinks it is going to be like that is just joking, because we are going to ensure a sense of fairness in its consideration to the benefit of Nigerians who are our employers,” he said.
On the constitution review process, he said that the review was on the last leg, adding that by June 2014 a new constitution was expected to be ready.
The lawmaker condemned the recent attacks on Sen.Ali Ndume and Sen. Magnus Abe, saying they were sad developments.
He called on the Federal Government and relevant agencies to investigate the matter and bring perpetrators to book.
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.
