Business
Group Tasks FG On Rural Dev
The Chairman, Idaa-Obolo pressure group, a socio-cultural organisation, Mr Syrus Nkangwung, has said that the development of the rural communities was critical to the country’s quest for economic growth.
Nkangwun told newsmen in Port Harcourt yesterday that governments at all levels should set aside a special fund and create ministries or agencies to implement the task to implement the rural development initiative.
According to him, developing the rural areas will prevent rural-urban drift.
The chairman said the pan-Andoni group had taken the initiative to develop communities in Obolo-speaking areas in five states.
He said as part of efforts towards ensuring economic growth in the communities, the group had instituted annual summits to enlighten some youths on the role of education in poverty eradication.
Nkangwung said the youths were drawn from the Obolo ethnic group extracted from Rivers, Akwa Ibom, Cross-River, Bayelsa and Abia States.
He noted that Obolo people in their various states faced similar challenges of under-development such as poverty and high illiteracy rate.
Nkangwung urged Obolo youths in the identified states to shun violence and improve on their economic potential by embracing education.
“The unity summit is a measure to further strengthen peaceful cooperation among the Obolo people across the states of the federation and attract development to the area.
“We have made a landmark achievement by uniting the Obolo people from their various segments though faced with logistics problem, in respect to distance.
“We are determined to continue this annual enlightenment programme to help our youths to overcome poverty through education.
“Education will continue to serve as tool for development, peace and economic freedom to the Obolo ethnic group in particular and Nigeria in general,” he 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.

