Business
Vulcanisers: Drivers Plan Sympathy Strike
Worried by the continued strike action by vulcanisers in Rivers State, a group of commercial drivers known as the Association of Drivers’ Welfare, Rivers State have threatened to stage a protest to the Rivers State Government House, Port Harcourt.
Chairman of the group, Mr. Isaac Lekia in a chat with newsmen, at the Abali Park Port Harcourt, complained that the industrial action by the vulcanisers was putting undue pressure on their business and causing them to lose money on daily basis.
Lekia, recalled that the vulcanisers had been on strike since April 4, 2017, in reaction to the activities of the special task force set up by the state government to implement the “Operation Leave the Road”, policy.
He said many of their members could no longer continue to do business and have had to abandon their vehicles on the roadside due to flat tyres.
While appealing to the government to reconsider the policy, Lekia stated that if the situation continued, their members would have no other choice than to take to the streets in solidarity with the vulcanisers.
In a related development, the Beach Master, Bonny Marine Association, Mr. Henry Jumbo, has commended the Rivers State Government for fast tracking work on the Bonny Jetty.
Jumbo, who gave the commendation in an interview with newsmen, noted that with the current pace of work at the construction site, the jetty would be completed and ready for use by marine transport operators in less than two months and called for support for the project and the developmental activities of Governor Nyesom Wike.
Tonye Nria- Dappa
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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