Business
Fire Service Saves N165bn Property
The Director, Lagos State
Fire Service, Mr Rasak Fadipe, has said that the service had responded to 1,537 fire incidences out of the 2,015 emergency cases reported to it in 2013.
Fadipe told journalists in Lagos that the service saved about N165 billion worth of property in the process.
According to him, the emergency cases included those of collapsed buildings, accidents, people trapped in lifts and those that fell into pits and wells.
“We also had 372 false calls from members of the public during the period.
“We had 312 cases of fire; the highest of such incidence was in January 2013, followed by 194 in March and 193 in December,’’ Fadipe said.
The director blamed most of the fire incidences to power surge, which he attributed to unprofessional technical works.
He said the agency had discovered that most residents engaged the services of untrained persons in installing electrical appliances which were mostly sub-standard, stressing that, “apart from sub-standard electrical products, over loading of appliances resulted in cases of fire outbreaks.
“When people carryout renovation in buildings, they must include all the electrical facilities in the renovation of such buildings, adding that, “people should always switch off electrical appliances when leaving their offices or when not in use at home.
“Illegal connection to electricity can also cause fire outbreaks. Lagos Island has the highest recorded cases of fire through illegal electricity installation. Such practice should be discouraged.
“Members of the public should report illegal installation or else they would share from the problem, when fire occurs,’’ he said.
Meanwhile, the director has expressed worries over recent incidences of fire caused by fuel laden tankers in the state, urging the government to check the trend.
He said that the service had responded to at least four of such cases in the last one week, including the January 8 incident at Olodi-Apapa that resulted in the death of no fewer than 10 persons and destruction of property.
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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