Business
Check Trading On PH Sidewalks, Expert Urges RSG
Following the complete
takeover of public sidewalks by traders and other business people in Port Harcourt and its environs, a public affairs analyst, Chief Godwin Eze, has called for action to reverse the trend.
Eze who spoke to The Tide yesterday in Port Harcourt blamed the development on the inactivity of various government agencies in checking the trend.
According to him, such agencies were only interested in collecting money from illegal trading to the detriment of the public.
Eze described the practice whereby commercial taxi drivers convert the walkways to their parks.
He frowned at the attitude of the drivers and other business people to members of the public.
Lending his voice to the menace, a landscaper, Mr. Morris Uzo, said the development was capable of inciting public disorder.
He called on the Ministry of Urban Development and Planning to re-strategise in order to check the ugly trend.
However, some traders and taxi drivers on Ikwerre Road, D/Line, Mile three and elsewhere who spoke to The Tide said the development was due to population increase.
According to Ikem Chukwu, a taxi driver who plies the mile three axis, the development could be controlled through the provision of more motor parks.
He said the National Union of Roads Transport Workers cannot handle the matter.
Chukwu opined that the state government should wade into the matter by building more motor parks for specific routes in order to stem the tide.
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.
