Business
NRC Takes Delivery Of 18 New Motorised Trolleys
The Mass Transit Train
Service (MTTS) on Monday received a boost as the Nigeria Railway Corporation (NRC) took delivery of 18 trolleys and two 16-seater rail buses .
The Managing Director of the corporation, Mr Adeseyi Sijuwade, disclosed this to newsmen after he and other management staff had a test ride on the trolleys and buses in Lagos.
“The trolleys will enhance the operations of the corporation, especially when there is a derailment
“Each of the trolleys can accommodate six officials and can be used to evacuate passengers and goods to the nearest terminus from a derailment point.’’
It would be recalled that NRC, had in April 2014, taken delivery of six 68-seater air conditioned coaches.
“The trolleys will be handed over to the corporation’s track maintenance engineers since they maintain the rail tracks for their regular inspection and maintenance”, he remarked, adding that. “most of the tracks are not accessible by roads and for us to have very good tracks, we need to equip our engineers with these motorised trolleys’’.
Sijuwade also said that the corporation had taken delivery of two air conditioned rail buses which would be used for rail track inspection by its engineers.
He said that each of them had capacity for 16 passengers.
Sijuwade said that the corporation had also taken delivery of additional five 68-seater coaches under its mass transit programme that would be deployed to the eastern line.
He said that the new coaches would commence operations after the inauguration of Markurdi to Port Harcourt service route.
“Our engineers spent last weekend to test the air conditioners (AC), the automatic door systems and the passengers’ information system in the coaches and found them to be functioning efficiently.
“You will recall that the Vice-President Namadi Sambo inaugurated the Port Harcourt to Enugu service route in December, 2014.
“What we will be doing by this weekend is extend that service from Enugu to Makurdi,” he said.
Mr Austin Ogbuanya, the Assistant Director, Carriage and Wagons of NRC, said the new trolleys were improvement over the pump trolleys.
“This one is far better than the pump trolley which carries a maximum of four persons and is manually driven.
“The manual one requires four men to wine it constantly for it to move; so if they get tired the trolley will stop moving.
“But this motorised and modernised version runs on diesel and each of them carries more men.
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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