Business
Traders Rue Roads In PH Suburb
Owners and operators of
businesses within the Rumuaholu area near Rumuokoro in Obio/Akpor Local Government Area have cried out over what they described as the gradual collapse of their businesses occasioned by deplorable access roads.
Some of the business operators who spoke to The Tide lamented that their businesses were gradually being grounded as a result of bad road.
They claimed that the hardly make sales on daily basis as customers no longer patronize them because of poor access.
In his explanation, Mr Victor Achor who operates a supermarket in the area said that the low level of patronage they have experienced for some time now was unspeakable.
He said that he could not go to the market regularly as usual due to poor patronage, and stated that most of the goods he had were old stock, but that he was making efforts to channel them to other sales outlet.
Also narrating her experience to The Tide, Felicia Ojim who deals on wears (both foot wear and assorted) said the trend had become so unbearable as she barely make sales, when compared to when she started the business there.
“The worst of it is that when it rains, people from the other side of the road (across) can not pass across, and this will remain for some days before one can manage to cross, assuming there is no other rainfall,” she said.
She also expressed worries over the situation because according to her, house owners will not mind what we might be going through but will collect their rent when due.
Ojim however, called on the government authority to remember the people of Rumualolu community and give a palliative to them before a permanent job be done in the area.
Meanwhile, many transport operators that ply that road have abandoned that area, describing the road as a pit that has been damaging their vehicles.
They have claimed that the money they make on that axis end up being used for the maintenance of the vehicles, and that there is no need operating on such bad road, while few who decide to ply the roads charge higher fare.
A tailor that operates in the area, Mr Chinedu Iwedi has blamed their suffering on the non responsiveness of government to work on the road.
He therefore urged both the state and the Obio/Akpor Council to do something fast this Christmas and New Year season to save them.
Corlins Walter
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.
