Business
ECOWAS Calls For Integration Plans
The ECOWAS Vice President, Dr Toga McIntosh, has urged the community’s Strategic Planning Coordination Committee (SPCC), to develop practical and feasible strategic plans for the realisation of its integration objective.
McIntosh made the call at the eighth session of the committee in Freetown, Sierra Leone.
He said Community Strategic Framework (CSF) was an umbrella for ECOWAS Institutions to develop their institutional action plans within the context of the regional objective.
He described the CSF as critical to the attainment of the commission’s integration plan.
Tonga urged the committee to ensure that the plans incorporated the decision of the Council of Ministers and Heads of State and Government.
He stressed the need for collective approach to developing the plans in line with ECOWAS’ vision.
McIntosh urged the committee to adopt participatory approach with consultants, development partners and stakeholders by organising working sessions to ensure cohesion and increased productivity.
The Director General of the West African Monetary Agency (WAMA),
Prof. Mohamed Ndiaye, said the implementation of the recommendations of the previous SPCC meeting was important.
On his part, the ECOWAS Director for Strategic Planning, Mr Abel Essien, expressed confidence in the ability of the committee to discharge its mandate.
It would be recalled that SPCC was established in 2009 and made up of directors and heads of services involved in the community’s strategic decisions.
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.
