Business
Herdsmen Menace: C’River To Set Up Committee
Worried by possible conflict posed by the activities of Fulani herdsmen in the State, Cross River Government is setting up a Herdsmen Management Committee to foster a healthy relationship between the herdsmen and their host communities as well as forestall any breakdown of law and order.
This was the outcome of the weekly State Security Council meeting held in the Conference Room of the Governor’s Office, Calabar and presided over by Governor Ben Ayade.
Speaking to newsmen shortly after the meeting which was attended by the Deputy Governor, Professor Ivara Esu; State Security Adviser, Mr. Jude Ngaji, State Director of the Department of State Services (DSS), Mr. Fubara Duke said: “We have concluded arrangement to set up Herdsmen Management Committee to, amongst other things, foster healthier relationship between herdsmen and host communities.”
Duke also hinted: “The Governor has assured that the State will not banish herdsmen from coming to do business in the state but will always encourage them to go about their lawful business.
Duke, while dismissing media reports about the herdsmen’s killing in the State, said: “Let me assure that His Excellency and the entire Security Council took serious exceptions to some stories that made headlines in some sections of the media in the country about the carnage. It was untrue and we use this medium to admonish journalists to always verify their facts by calling on any of the service commanders for briefs before going to press.”
According to him, “His Excellency made it clear that Cross River State is not a hostile state, and urged visitors who are visiting the State for any form of business to go about such legitimate affairs without any form of harassment or attack on the citizenry.”
Friday Nwagbara, Calabar
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.
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