Business
Association Hails Wike Over Iloabuchi Road
The multi-purpose
Iloabuchi Timber Cooperative Association has commended the Rivers State Governor, Chief Nyesom Wike over his developmental strides.
This followed the recent completion and commissioning of the Iloabuchi-Eagle Island link road by the governor recently.
The chairman of the association Mr Casmir Uzoagba who made the commendation while speaking to newsmen recently in Port Harcourt said the association was impressed with the strategic development of roads in the state.
According to him, with the level of development especially road infrastructure that has taken place within the governor’s stay in office in less than one year, “there were signs of greater development to come.”
The cooperative’s boss, however, called on well-meaning indigenes and non-indigenes in the state to support the governor in his effort towards the infrastructure renewal drive.
Uzoagba expressed optimism that the trend would open up positive business growth in the state even as he said investors would be attracted to the state in the near future.
He, however, urged detractors of the present government to desist from destructive criticism as such development was counter productive in the present dispensation.
He said the association was committed to contributing its quota to the development of the state, even as he called on the state government to assist them in the provision of power, access roads, fire service, clinic and soft loans to boost their businesses. He expressed worry over inadequate power supply that has crippled their business.
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.
