Business
Media Expert Lists Conditions For Newspapers’ Survival
A media expert, Mr Ted
Iwere, has said that re-inventing and re-organising the traditional media to capture current social media trends would be the antidote for their survival.
Iwere, who is the Managing Director of The Independent Newspapers Ltd, made the assertion while delivering a lecture entitled: “Today’s Newsroom, Tomorrow’s Newspaper: How to Survive and Thrive in the Internet Age.’’
The lecture was organised to mark the 80th birthday of Mr Sam Amuka, publisher of Vanguard Newspapers.
A book, “Voices from Within: Essays on Nigerian Journalism,” was also presented to honour Amuka.
Iwere stressed the need for newspapers to move away from just printing the news.
He said reporters and editors should acquaint themselves with the use of new gadgets to provide video, pictures and audios online.
Iwere advised traditional newspapers to move away from the trend of reporting what the social media would have aired and be ahead by providing updates and in-depth analysis online after news breaks.
“Nigerian newspapers must adapt to the internet age or face imminent death.’’
Iwere said that a digital newsroom must also be interactive.
He called for modification of traditional desks to accommodate new desks that were technology compliant, adding that newspaper owners must be innovative to remain relevant.
A former Governor of Ogun and Chairman of the occasion, Chief Olusegun Osoba, recalled that Amuka was the pioneer of magazine publishing in Nigeria.
“Sam was the first editor of Spear Magazine, 50 years ago and first to make us appreciate cartooning.
“He was as famous off-beat. Sam is a very cynical writer,’’ Osoba said.
Also, the Publisher of Media Review and the organiser of the event, Mr Lanre Idowu, said that journalists seldom celebrated their icons and that was the motivation for celebrating “Uncle Sam’’ at 80.
“We celebrate Sam because he is best of us, he is a mentor of no protocol,’’ he said.
Reviewing the book, Dr Abigail Ogwerry-Ndisika, Head of Department of the Mass Communication, University of Lagos, said the book was first published 10 years ago.
She said that in the current edition, one chapter was removed and eight additional chapters introduced to capture mastery of essays and the internet age revolution.
“Chapter two talks of making journalism more gender friendly,’’ she said.
Ogwerry-Ndisika, who represented Prof. Ayo Olukotun, advised writers to capture the humorous side of the celebrant.
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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.
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