Business
Edo NUT, MAN Congratulate Buhari
The Edo State chapter of
Nigeria Union of Teachers (NUT) and the Edo/Delta branch of Manufacturers Association of Nigeria (MAN) have congratulated Nigeria’s President-elect, Gen. Muhammadu Buhari, for winning the presidential election.
The Chairman of the Edo NUT, Mr Mike Uhunmawngho and the Chairman of the Edo/Delta branch of MAN, Mr Humphrey Masodje, congratulated Buhari in separate interviews with our correspondent in Benin on Wednesday.
Masodje said, “I join all Nigerians to congratulate the President-elect and also congratulate the out-going President for his magnanimity in extending his hand of fellowship to the new president.’’
On his expectations from the new government, he said “we expect that the economy should be revamped.
“At the moment, there is power issue, infrastructural deficiency, most industries are having difficulty sourcing for raw materials and most factories are laying off their workers.
“We want the new government to ensure that infrastructure development is given prompt attention and the economy is revamped.’’
In his reaction, the Edo NUT chairman said “majority of persons said the election was free and fair, we take it like that, may be that is what God wants us to feel and we wish the president-elect the best of luck.’’
He said Nigerians were expecting Buhari to improve education in the country.
“We are expecting good achievements from the president-elect as it regards the education sector.
“We want the new government to move the sector forward and provide the necessary instructional materials and facilities presently lacking in our schools.’’
The chairman also called for better remuneration for teachers.
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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.
