Business
Rivers @ 50: Students Tip Ex-VC for Award
Students of the Rivers State University of Science and Technology (RSUST), have tipped their former vice Chancellor Prof Barimene Fakae, for an award in the Information and Communications Technology (ICT) category by the State Government as part of activities to mark the Golden Jubilee Celebration of the state.
The students who spoke with The Tide, last Tuesday at the campus, said the academic speed the school is enjoying today was as a result of the ICT introduced by Fakae.
One of the students, Joy Opara said that even when the instiution was ranked the 12 community institution in Africa, ICT development was part of the yard- sticks for measurement.
She noted it would be fair if the erstwhile VC would bag such an award as stipulated by the government
According to her, ICT also reduced the incidence of cultism as the system would gradually close against those who did not meet up with the required academic stipulations.
Another student, Esaenwi Ferguson, recalled how students were cheating before the introduction of ICT in the campus.
He noted that some of them would deliberately not prepare for exams, with the intention of compromising lecturers at the end of the exercise.
Ferguson, also narrated how the digital system encouraged reading among the students, adding that it was a great joy to see one’s scortes immediately after the examination.
Also speaking, Mr Amadi Julius, pointed out that the school could rank among world-class institutions due to its refined ICT system.
He said that Fakae was not far from the reason why the school is wearing its present academic look.
Amadi stressed that if the RSUST ex -VC was honou-red in that light, it would, among other things, encourage ICT development in the state-owned higher institutions.
It would be recalled that the state Government has set aside ICT as part of awards to mark the state’s 50 years of creation on May 27, 2017.
Business
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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.
