Business
NNPC Seeks Host Communities’ Assistance On Pipeline Surveillance
The Nigerian National Petroleum Corporation (NNPC) has appealed to host communities to assist in pipeline surveillance to curb incessant pipeline vandalism across the country.
This is contained in a statement by the Manager, Public Affairs and Media Relations of Pipeline Products Marketing Company (PPMC), Mr Nasir Imodagbe, in Abuja, on Monday.
The appeal was made at the launching ceremony of Anti Pipeline Vandalism and Oil Theft Awareness Campaign in Lagos by Mr Ohi Alegbe, Group Manager, Public Affairs of NNPC.
Alegbe said continuous pipeline vandalism remained a big threat to the country’s socio-economy development and human lives.
He said that vandalism and oil theft had constituted a threat not only to the national economy but to the environment.
He reiterated that the essence of the sensitisation programme was to acquaint the communities of the consequences of pipeline vandalism and oil theft on the economy.
According to him, it is to enable the communities to have full understanding of the enormity of the problem and how to tackle it at different levels.
He expressed concern on the loss of lives and property due to explosions and fires from pipeline vandalism across over 520-kilometre network of crude oil and products pipelines nationwide.
He said that such situation, if not arrested, had the potential of wiping out communities through the harmful effect on the environment.
“The oil that is spilled into the environment destroys aquatic life; pollutes the ground water and renders water from boreholes unsafe for consumption.
“It contaminates the soil and makes it unfit to support any meaningful agricultural activity and ultimately reduces the quality of life of the people living around such places.
“Besides, every litre of oil that is stolen or spilled represents a portion of our collective wealth that is stolen or wasted.
“ The loss from this runs into billions of naira every year; this is money that should have been used to provide basic social amenities to improve the quality of life of all Nigerians,” he said.
He said most times when fuel scarcity was experienced in parts of the country, it was usually due to pipeline vandalism.
He said that the long hours motorists wasted on queues at filling stations were part of the punishment motorists received from pipeline vandals and oil thieves.
“We can, therefore, see that no one is free or exempted from the harmful effects of the twin evils of pipeline vandalism and oil theft.
“It is thus our collective responsibility to be vigilant and see the pipelines around our environments as our property and protect them as such.
“We must all eschew the I-don’t-care attitude with which we have been looking at these vices,” he said.
He enjoined the communities to support government by reporting every suspicious movement around pipelines in their domain to law enforcement agents.(NAN)
IAA/JI/IA
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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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