Business
Refineries Resume Kerosene, Diesel Production
The Nigerian National Petroleum Corporation (NNPC) says its three refineries in Kaduna, Port Harcourt and Warri have resumed production of diesel and kerosene.
Group General Manager, NNPC Public Affairs Division, Mr. Ndu Ughamadu disclosed this in a statement last Wednesday in Abuja.
He said that the resumption of refining of the products was expected to balance the disequilibrium in the demand and supply of the products as being experienced in parts of the country.
He further said that the Kaduna Refinery had also commenced operations to ease the situation in supply and distribution of petroleum products nationwide.
Ughamadu also stated that NNPC had made arrangements for additional supply intervention through direct importation of diesel, kerosene and DPK to sustain product availability across the country.
In the statement, Mr Solomon Ladenegan, the Managing Director of Warri Refining and Petrochemical Company (WRPC), said that the plant was doing well.
This, he said, was especially so since the Crude Distillation Unit (CDU) was revived on Jan. 7, adding that it resumed production same day.
According to Ladenegan, the plant now refines 2 million litres of kerosene and 3 million litres of diesel daily.
“This morning, we have pumped the products to PPMC and they have started loading; they are going to load up to one million litres of diesel and kerosene.
“The products are there in the tank and we are doing everything to get them to the market,” Ladenegan said.
In the same vein, the Managing Director of the Port Harcourt Refining Company (PHRC), Dr Bafred Enjugu, said that the refinery was producing 3 million litres of AGO (diesel) daily.
This, he said, was in addition to 2 millions of DPK (kerosene) being produced by the refinery daily.
Enjugu expressed happiness that his operators were thrilled following the rehabilitation of old Port Harcourt Refinery.
He said that with the development, production of diesel was being carried out by locals without deployment of foreign expertise.
An independent marketer, Alhaji Abubakar Yahaya of Yamoyus Nigeria Ltd. described the refinery and the depot environment as positive.
He said that marketers now had access to diesel and kerosene in sufficient quantities.
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.
