Business
Group Demands End To Energy Crisis In Nigeria
A group, the Oak
Leadership initiative has expressed concern over the lingering energy crisis in the country, accusing the Federal Government of having failed to fix the problem.
It described as unacceptable the huge mental, physical and financial burden the crisis had brought on Nigerians.
Convener of the group, Emrys Ijaola, in a statement said it is a shame that the long queues in petrol stations across the country have become a permanent feature of the cities in a country that produces oil.
He also noted that various promises made by the government to end the crisis have remained unfulfilled.
It noted that outside Abuja and Lagos prices of fuel were at the discretion of the marketers and that the citizens had no choice than to resort to patronizing them and the black marketers.
“The inadequate supply of petroleum products is further compounded by the terribly poor generation and distribution of power and the inexcusable high tariffs electricity consumers are made to pay”, the statement said.
The group urged President Muhammadu Buhari to take responsibility and ensure immediate resolution of the energy crisis rather than the unending apologies to government had been making to Nigerians.
It said, the long term solution to the problem remains sanitisation of the oil and gas industry, security of oil facilities and establishment of more refineries.
The group noted that when more refineries are established and the old ones are made to operate at their full capacities, the issue of huge fuel importation into Nigeria would be over.
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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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