Business
NRC Arrests Preacher For Boarding Train Without Ticket
The Nigerian Railway Cor
poration (NRC) has arrested a gospel preacher and some other passengers for boarding its Lagos/Ogun bound passenger train without tickets.
The Tide source who was aboard the train reports that the preacher was arrested with others at Agbado Train Station in Ogun.
The preacher, a light complexioned man and others were arrested by the taskforce assigned to ensure law and order and arrest passengers and preachers in the train who did not have tickets.
The Tide source reports that the preacher, who joins the train at Itoki, also in Ogun, always stayed in the first coach where he preached loudly, a development the passengers said was disturbing.
Passengers in the train had in the past lodged complaints to the management of the corporation against the man whom they accused of disturbing them with his preaching.
The head of the taskforce, who pleaded anonymity noted that one of the rules binding every passenger in the train says: “No Preaching’’ and “No Passenger without Ticket’’ on train.
“So, the preacher and the other arrested passengers will be charged to court for boarding the train without tickets,’’ he said.
He said the penalty for any offence carried N25,000 fine or three months imprisonment.
Asked why the preacher has not been arrested until Thursday, the official said that he must have been “intimidating’’ the ticket checkers with his preaching.
The official who did not disclose the number of passengers arrested, said they would appear in court next week.
A top official in the corporation, who also demanded anonymity, said hawking, alms begging and noise making were other offences people should not commit in train.
The Tide however, reports that the rules or laws were not always enforced by the management of the corporation.
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.
