Business
Traders Blame Traffic Hold-Up On Taxi Drivers
Traders at the ever-busy
University of Port Harcourt round-about have blamed the persistent traffic congestion experienced in the area on the activities of taxi drivers.
Some of the traders who spoke to our correspondent on the traffic situation at the junction, said the taxi operators who ply Rumuokoro, Rumuola and Rumuokuta axis were the main cause of the hold-ups.
According to Mrs Evelyne Eme who sells fish, vegetables among other items, the taxi drivers load their passengers on the road.
Mrs Eme said the taxi operators have no responsible union that would call their members to order , a situation she said was largely responsible for the chaotic traffic problems which sometimes causes accident in the area.
Another trader, Mr John Uchendu who delas on Women’s clothings said the traders do not come out to sell their goods.
He also blamed the taxi drivers for taking undue advantage of the space left from motorists and other road users, adding that the taxi drivers use both lanes thereby blocking motorists coming from Rumuokoro, Ahoada and Choba maintown respectively.
He therefore called on the appropriate authority to call the taxi operators to order to sanitise the area.
However, some of the taxi operators when contacted rather blamed the slow pace of work on the East West road for the hold ups.
“My brother, when this road is finished, hold up will disappear, said Daramola Ade, a taxi driver.
He opined that so long as the drivers were going about businesses, there was no way hold ups would not be experienced in the area.
A man who claimed to be a taxi union official who spoke to our correspondent on condition of anonymity said the rise in unemployment has made many people to go into the taxi operating business.
According to him, there was no proper co-ordiantion by the taxi operators, stating that their operations as regards loading of their vehicles is “Survival of the fittest.”
Business
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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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