Business
FRSC Blames 50% Of Road Crashes On Speeding
The Federal Road Safety Corp (FRSC) has said that speed accounted for 50 per cent of road traffic crashes in the country.
The Niger Sector Commander of the corps, Mr James Mbatse, made this known yesterday, when he paid a courtesy visit to the leadership of the State House of Assembly in Minna.
Mbatse stated that the alarming rate of accidents caused by drivers who sped necessitated the introduction of the speed limiting device for commercial drivers.
“We are doing our best to reduce road traffic crashes to the barest minimum that is why we have introduced the speed limiting device.
“Some transport companies like ABC have since keyed into programme and we urge others to do the needful because it is for their good,” he said.
The FRSC boss appealed to the Assembly to ensure speedy passage of the passengers’ manifest bill when it eventually comes before it.
He also called on members of the public to always obey traffic rules and regulations as well as desist from over loading and other practices capable of endangering lives on road.
In his remarks, the Speaker of the Assembly, Alhaji Ahmed Marafa, tasked the corps to focus more on educating and enlightening the populace on road safety.
He promised the state’s legislature would give the FRSC the support it required to effectively execute its mandate.
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.
