Business
Rivers Monarch Tasks FAAN On Job Opportunities
The federal Airport Authority of Nigeria (FAAN), and its agencies, have been called upon to follow the stipulations of the Local Content Act, and provide employment for people of their host communities.
The paramount ruler of Omagwa, HRM Eze Jacob Orji, said this in a meeting with the Regional Manager, Port Harcourt International Airport, Mrs Ebele Okoye last Friday at his palace.
He said at least, levels 1-6 jobs, should be strictly reserved for host communities.
Orji, frowned at situation whereby most employment activities are carried out at FAAN’s corporate Headquarters in Lagos, saying that some adjustments ought to be made in that aspect.
The Monarch, also urged the PH Aiport boss, to reconsider some of their concessionairs that were ejected from the terminal building during the remodeling exercise at the airport.
He noted that the best way to go about one’s business was to operate within the armpit of the law, adding that no business can thrive in the midst of disorderliness.
In her response, Mrs Okoye admitted knowing the right things to do, but said that the means are not available.
To buttress her point, Okoye narrated how the airport is indebted to the tune of N130 million as a result of unpaid monies to the suppliers of Automative Gas Oil (AGO).
According to her, the airport is powered daily with one truck of diesel adding that her tenure as recorded a lot if improvements in the area.
On the issue of the ousted concessioners, she promised to provide some containers as to accommodate those that still lacked space.
Meanwhile, Mrs Okoye has called on the host communities to always approach the airport with some achieveable requests like car-hiring opportunities, as she promised to urgently address the employment and other issues raised by the people.
It would be recalled that the authorities of FAAN, had sometime ago in Port Harcourt International Airport, evicted some concessionairs from the terminal building due to the remodeling job as ordered by the federal government.
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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