Business
UN Seeks Review Of Housing Policies
The United Nations Deputy Secretary-General, Amina Mohammed, at a recent high-level General Assembly Meeting on a new UN approach to the rapidly urbanizing world, has said that UN-Habitat is failing to deliver sufficiently in cities, saying that its work in urban areas must be reinvigorated.
Mohammed, who made this statement in her opening remarks at the two-day event, said, “Today, we acknoeldge that the UN is not delivering sufficiently in cities. And, through our common effort, we will rectify this. The pround history of urban work at the UN must be harnessed at this vital time, and the UN must be seen again as the lead convener and catalyser for partners, funders, private sector and civil society organizations to scale up their work in urban areas”.
According to the source, the meeting discussed how the new urban agenda has been implemented since its adoption in October 2016 at the UN conference on Housing and Sustainable Urban Development, known as habitat 111, while examining the recommendations put forth by an independent panel reviewing the effectiveness of UN-Habitat.
It also addressed the measures contained in the Report of the Secretary-General’s Independent panel to assess, enhance effectiveness of Un-Habitat after adoption of New Urban Agenda, which was published at the beginning of August 2017. “It is clear that it is in cities where the battle for sustainability will be won or lost”. She noted.
The outcome of the meeting is expected to serve as an input to the General Assembly’s main body dealing with economic and financial issues (Second Committee), which will consider action to be taken in the light of these recommendations during its forthcoming substantive session this fall.
Mohammed noted that by 2050, 70 per cent of the world’s population could be living in urban areas, pointing out that while cities are bubs of promise, jobs, technology and economic development, they are also the epicenter of greenhouse gas emissions and many of the challenges of sustainability.
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.
