Business
Firms To Rehabilitate Rumuolumeni Roads
The Rumuolumeni Joint
Youths Council in Obio/Akpor Local Government Area has said that the community has entered into a written understanding with various companies operating in the area to rehabilitate portion of roads allocated to them.
Similarly, a process that will ensure that companies which did not participate in the first phase of the exercise are visited and incorporated has been put in motion.
At a press briefing in the area, the council said that the situation was the fallout of its peaceful protest last November.
The test for the briefing which was signed by King Wenenda Onukwuru, the secretary of Rumuolumeni Joint Youth Council, also debunked insinuation that one Mr Noble Nnamdi Orluegele is not the chairman of the youth council.
He said that the insinuations were being spread by those who do not wish the community well, stressing that Mr Noble Nnamdi Oluegele led administration joint youth council has attracted more developments into Rumuodumeni within the last three months than has been done in the past.
It further said that Mr Noble Nnamdi Orluegele was dully elected by the various community youth bodies, stressing that uptill this moment nobody has challenged it.
“Finally, the Joint Youth Council which is the umbrella youth council of the various sub-communities (Mgbus) youth bodies had earlier elected Noble Nnamdi Orluegele through an electoral college to serve as its president.
“this exercise enjoyed the participation of all the youth chairmen of the various sub-communities in Rumuolumeni” it said.
The youth council also described as an arrant nonsense for some one to impute that an exercise that had the participation of the paramount ruler, Chiefs Women, youths and non-indigent residents of Rumuolumeni community was fraudulent.
It further said that, the alleged sponsors of the rumour have shown how shallow and unreasonable they are especially in view of the direct impact the exercise has made in the community.
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.
