Business
Fashola To Unveil Pre-Paid Meters Sharing In Sokoto
The Kaduna Electric
has said it would commence the distribution of pre-paid meters to its customers in Sokoto, Kaduna, Kebbi and Zamfara beginning from October 10.
This is contained in a statement by the company’s Head, Corporate Communication, Abdulazeez Abdullahi, made available to newsmen in Kaduna yesterday.
He said that the unveiling of the smart metres would be performed in Sokoto on Monday by the Minister of Power, Works and Housing, Mr Babatunde Fashola and Gov Aminu Tambuwal.
Abdullahi said customers to be provided with the free smart meters had been identified in the four franchise states under the company.
According to him, the company had also commenced the distribution of metres to customers who had earlier paid for the facility under the Credited Advance Payment for Metering Implementation (CAPMI) system.
“We are set to provide meters to customers who have since paid for CAPMI meters and also launch the new prepaid smart meters next Monday.”
The spokesman said that the development was in compliance with the directive of the Nigerian Electricity Regulatory Commission (NERC), which ordered winding down of CAPMI by November 1. “We assure all customers that have already paid for the CAPMI meters that arrangement have been concluded between Kaduna Electric and the accredited CAPMI meter providers to provide them with the meters they paid for on or before October 31, 2016. “Our esteemed customers are therefore advised not to make any payment at any Kaduna Electric Office or Cash Centre or any staff for that purpose.
“We sincerely apologise for any inconvenience the delay in installing the meters may have caused those who have paid for them.
“We have also concluded arrangements for the launch of the first batch of our new prepaid smart meters in furtherance of our commitment”
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.
