Business
Poor Power Supply: ‘We No Longer Watch TV’
Many residents of Port Harcourt, Rivers State capital, have expressed concern over their inability to watch television in their homes due to the poor power supply situation in the state.
The respondents, who spoke in separate interviews with The Tide Monday in Port Harcourt, said that the situation had made it difficult for them to keep abreast of global happenings.
A resident, Mr Joshua Ene, said that he had not tuned his television set for about 14 days due to lack of electricity.
He said the supply was so erratic that it could not last for two hours.
Ene noted that he now depends on his cell-phone for news and updates on global happenings.
He also pointed out that he has not subscribed his cable TV system for more than three months on the grounds of poor power supply.
According to him, it would be injustice for one to subscribe with N2000 without viewing it up to two times.
Another respondent, Mr Iyalla Victor, noted that he had since resolved not to reconnect his light after being disconnected for not paying his electricity bills.
He said there was no point re-connecting, since the power supply was no longer visible in parts of Port Harcourt.
Victor regretted that most weekends are now boring as children do not watch quality programmes anymore due to lack of power supply.
In some outskirts of Port Harcourt like Rukpokwu and Igwuruta, The Tide learnt that there have been power outage for about two days.
It was further learnt that many business operations have since ceased due to outright power outage.
Some of the residents also called for another power company in the state since the Port Harcourt Electricity Distribution Company (PHED) could not deliver.
Meanwhile, residents have called on the Federal Government to declare a state of emergency in the power sector in order to elevate the plight of the people.
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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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