Business
SON Tasks PH Tyre Dealers On Quality
In a move to ensure proper
sensitisation of tyre dealers on quality of their products for safety and business promotion, the Standards Organisation of Nigeria (SON) Rivers State branch, has organised stakeholders forum for the Port Harcourt Tyre Dealer Association.
The seminar which drew a large crowd of stakeholders, took place at the Famous Ground Hotel, Mile 2, Diobu in Port Harcourt, recently.
In his address, the Rivers State Head of SON, Mr. Papanye Don-Pedro, stated that the seminar had become necessary to ensure good quality tyres and promote the dealers’ business. He commended the stakeholders for their cooperation with SON and noted that through the stakeholders engagement the tyre dealers would go back home better enriched with necessary awareness on their trade.
Don-Pedro assured that any dealer who dealt on quality products should not be afraid of the organisation’s enforcement exercise, which only targets substandard product for seizure.
The stateshead of SON explained that it was part of the body’s mandate to protect lives and promote business. But he noted that many times road accidents were caused by fake and substandard tyres, while acknowledging that the seminar was germane because of the approaching Yuletide, when many families are expected to undertake long journeys to different destinations across the country and beyond.
The Rivers SON boss cautioned the association to avoid patronising fake tyre distributors, even as he expressed the confidence that the seminar would among other benefits, help the traders to identify fake and substandard tyres.
Don-Pedro also informed that dealers willing to register with the organsiation for the purposes of importation of tyres into the country could do so by approaching the state branch of the organisation, assuring that they would be properly guided on what to do and bring direct benefits to their business. The SON official commended to tyre dealers association leaders for mobilising their members to attend the stakeholders forum in large number.
Also speaking chairman, Port Harcourt Tyres Dealers Association, Sir Eze. N. Okoye, commended SON for organising a stakeholders seminar for tyre dealers in Port Harcourt. He expressed the joy that the dealers were better informed now than before.
Eze Okoye pledged that the association would apply the knowledge acquired through the seminar in their dealings.
Earlier, the seminar presenter, Mr. Coldman Madu, who took stakeholders through series of awareness, from the paper by the Director General and Chief Executive of the SON Dr. Joseph Odumodu, enumerated the different types of tyres available, which include tubeless, tube, solid bullet proof and aircraft tyres. He went a step further listing tyre classification such as light truck tyres, commercial, all-terrain tyres, among others.
But he informed the dealers that they should expect safety, comfort, grip and ability to carry load in a tyre, adding that good thread, good casing, long supporting bead and leak proof remain qualities of good tyres.
Mildred Jaja
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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