Business
FAA Ineffective On Hazardous Materials Compliance – Agency
The Federal Aviation Ad
ministration (FAA) lacks the skills to ensure that United States air carriers comply with rules governing the safe transport of hardous materials including lithium batteries, said a government agency.
According to Reuters, a report released by the US Transportation Department’s office of the Inspector General (OIG) found that the FAA lacks the training and guidance necessary to enforce Bush-era regulations that allow carriers to disclose hardous material violations voluntarily without incurring civil penalties.
The OIG report surfaced a week after Boeing said that high density packages of lithium batteries such as those used in cellphones and laptops should not be carried on passenger planes because they pose substantial risks.
In 65 per cent of hardous material cases, OIG, investigators found that the FAA did not obtain sufficient evidence to ensure that carriers fixed reported problems. The agency also has not sought to identify safety risks or trends involving hardous materials and lacks the clarity to determine how carriers should meet the requirements.
“FAA does not have an adequate framework to carry out the regulations effectively”, the 20 page report concluded.
“The inspector general’s office said FAA officials agreed with nearly all of its recommendations. In a two-page FAA memo included with the report, the agency also said it has recently implemented strong internal controls to oversee compliance.
“This is a significant enhancement on the level of oversight and addresses many of the findings of this audit”, the memo said.
From 1991 to 2014, the OIG report said that lithium batteries were involved in over 70 aircraft incidents that involved extreme heat, smoke, fire or explosion in air cargo and passenger baggage.
In 2010, a united parcel service Boeing 747-400 aircraft caught fire and crashed in Dubai, killing both pilots. The final accident report said the cause may have been improperly declared lithium batteries and other combustible materials, according to OIG investigators.
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.
