Business
RSG Moves To Recover Electricity Bills From Workers
Apparently moved by
the allegations by power distribution companies in the country, that government remains one of the highest debtors due to its unwillingness to pay for electricity bill, the Rivers State Government has taken steps to ensure that officials of the government living in public quarters pay their bills.
A circular from the office of the Rivers State Head of Service has been sent to permanent secretaries, heads of Ministries, Departments and Agencies (MDAs) mandating all occupiers of government quarters to settle all their outstanding electricity bills.
“Henceforth, occupants of government quarters will be required to show evidence of regular payment of electricity bills during inspections by officers from the housing unit of the office of head of service”, said the circular.
According to the circular No A.770/Vol.1/341 which had been pasted in all the government offices in the state, debtors have been warned that outstanding debts would be recovered from salaries or pension allowances of serving civil servants and pensioners respectively.
The Head, Corporate Communications of the Port Harcourt Electricity Distribution Company (PHED), Mr. Iboma Jonah, and authorities of other DISCOS in the country had alleged that government is one of the highest debtors and that such huge debts were affecting efficient operations of the companies.
He had appealed that government should set a good example by ensuring regular payment of bills enjoyed by officials concerned.
Chris Oluoh
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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