Business
Expert Calls For Environmental Safety In Mining Sites
An environmentalist,
Aisha Okunade, yesterday called on relevant authorities to ensure environmental safety in mining sites through effective regulations.
Okunade, who is a lecturer, School of Environmental Studies, Kaduna Polytechnic, made the call in an interview with newsmen in Kaduna.
“The effect of mining is being compounded by the continues rise in water level, thereby exposing those who reside near river banks and flood-prone areas to the risk of flood.
“The demand for sand and gravel for construction has been on the increase across the country and there is the need for regulation,” the environmentalist said.
She noted that mining operators, in conjunction with recognised resource agencies, should work hard to ensure that miners who excavate sand do so to protect the environment.
Okunade described excessive in-stream sand mining as a threat to bridges, river banks and nearby structures, putting them at risk of collapse.
“There has to be periodic assessment of how much sand can be sustainably mined, as the quantity can vary from a river to river and within a river from stretch to stretch.’’
Illegally dredged sand, Okunade added, was equivalent to robbing water.
“Sand holds a lot of water and when it is mindlessly mined and laden on to trucks, large quantities of water are lost in transit,“ she said.
Okunade, however, advised that limits should be placed on the quantities of sand that could be mined.
“There needs to be restriction as thousands of tonnes of sand are being illegally mined to meet the rising demand of construction industry and for extraction of minerals”, she said.
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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