Business
COREN To License Engineering Firms To Check Quackery
The Council for the Regulation of Engineering in Nigeria has announced its preparedness to commence the licensing of engineering firms operating across the country.
This, according to COREN is aimed at halting the increasing number of quacks in the profession.
President, COREN, Mr Kashim Ali, called on Nigerians to be cautious when dealing with engineers, stressing that the engagement of quack had always led to loss of lives and properties.
Mr Ali explained that it had been tough for the council to stop the activities of impostors who pose as professional engineers.
He told newsmen at a press briefing to announce the 23rd Engineering Assembly of the council scheduled to hold this week in Abuja.
The COREN boss said, “may I inform stakeholders and the general public that the greatest challenge of the engineering profession is quackery. It has been very difficult to track down and prosecute quacks, who parade themselves as professional engineering personnel.
“Some of them even go to the extent of forging COREN certificates and brazenly present such forged certificates for jobs.
“Engagement of such quacks has always led to colossal loss of lives and properties in the area of collapsed building and failure of other engineering infrastructures”, he said.
Mr Ali said the council was working hard to nip the development in the bud, but stressed that it would be tough to discipline engineers who were not members of COREN.
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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