Business
FAAN Manager Charges Airport Executives On Teamwork
The Regional Manager, South-West of the Federal Airport Authority of Nigeria (FAAN), Mr. Solomon Odughemi has called on all airport managers in the region to embrace teamwork.
Odughemi in a statement from the Corporate Affairs of FAAN called on the airport executives to embrace team work, during the meeting of regional managers held recently in Lagos, so as to achieve set goals.
He said that airports across the country have similar challenges militating against their smooth operations, and that some of the challenges include security and safety related issues.
Others, according to him, are manpower distribution, dwindling revenue occasioned by reduction in passengers and cargo movement due to economic recession.
According to the statement, five Airport Managers presented their 2016 annual report in their presentations as they highlighted their major achievements and challenges confronting their operations.
Their achievements include readiness for International Civil Aviation Organisation (ICAO), Certification of Murtala Mohammed International Airport, Lagos, establishment of Nursery and Primary School at the Akure Airport, improvement on the cooling and lighting system at IIorin and Benin airports, establishment of good working relationship among staff and airport community leaders of Ibadan airport.
The regional manager commended all the five airport managers at the meeting for their various achievements, and enjoined them to embrace the change Mantra, not just as a slogan but as a call to do things differently in order to achieve better result.
Corlins Walter
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.
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