Business
Investments: RSG Tasks Monarchs On Peace
The Rivers State Commissioner for Chieftaincy and Community Affairs, Dr. John Bazia, has urged traditional rulers in the state to focus on maintaining peace in their respective communities so as to attract investment and economic development to the rural communities.
Bazia who was speaking while interacting with airport correspondents at the Port Harcourt International Airport, Omagwa, at the weekend, noted that the paramount rulers positions are so important because they are at the grassroots.
He said that when peace reigns at the grassroots, investors will be willing to invest, and thereby, accelerate rural economic development and job creation.
On recent developments on chieftaincy affairs in the state, the Commissioner explained that a new law has taken effect in the state where every local government area in the state is entitled to a first-class chief.
Before now, he said that many local government areas did not have a first class chief, and that many communities had felt cheated on that.
“We are listening to the yearnings of our people, and when there is need to recognize more stools, we will create more, because the governor of the State, Chief Nyesom Wike is people-oriented, and anything you see him do is people-oriented.
“The issue of chieftaincy is a constitutional matter, and it is the prerogative of the governor to recognize chiefs or derecongise chiefs.
“It is like the issue of employer and the employees. He who hires, can also fire the employee.
“Government is about ensuring there is peace and safety, and we should ensure there is peace where we are, whether you are youth president, paramount ruler of the community, we must ensure there is peace, so that there will be development and investment”, he said.
The Commissioner also assured of the commitment of the state government in ensuring that the monthly allowance for the traditional rulers gets to them regularly, adding that he is not aware of any traditional ruler that is being owed.
Corlins Walter
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.
