Business
Reconstitute Varsity Governing Councils, SSANU Tells FG
The Senior Staff Association of Nigerian Universities (SSANU), has called on the Federal Government to reconstitute the governing councils of the nation’s universities.
The union, in a communiqué singed by its National President, Comrade Sampson Chijioke Ugwoke, and the National Publicity Secretary, Comrade Salaam Abdussobur, respectively on Wednesday after the Union’s National Executive Council (NEC) meeting at the Federal University, Kashere, Gombe State, lamented the non-constitution of university governing councils have elapsed.
The union’s NEC in session said, “Appointment into the Governing Councils as many of the present councils of Universities should not be treated as political patronage by the present administration and that government should avail itself of the use of seasoned university administrators whose experience and knowledge of the university system would serve the universities in better stead”.
The union said that, Vice Chancellors cannot run the University Administration as Sole Administrators. Governing councils appointed by the Federal and even some state governments act as checks and balances on the University administration.
The NEC, urged the government to tackle the issue of alleged corrupt practices of some vice chancellors, rather than such indicted vice chancellor subjecting its members that had helped to oppose the high level corruption to harassment and suspension while the government kept mute.
The union alleged that, government’s position amounts to double standard, given the way suspected corrupt judges were arrested recently.
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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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