Business
Vacate Govt Farms, RSG Warns Encroachers
As part of moves to revive government-owned agric corporations, the Rivers State Government has given a 21-day ultimatum to illegal occupants of its farms to vacate.
State Commissioner for Agriculture, Hon. Charles Nwaorgu, gave the order during a recent visit to the Delta Rubber Company at Umuanyagu and Okomoko in Etche Local Government Area.
Nwaorgu frowned at the rising encroachment on government owned plantations and farms warning those involved to desist, quit or face the full wrath of the law.
Expressing displeasure at the spate of unwanton destruction, vandalisation and theft of equipment on these farms, Nwaorgu said the attitude of the public was responsible for paralysing these farms.
He reiterated the resolve of Chief Wike’s administration to revive all moribund government-owned agric firms as a way of providing jobs and attracting investors to the state.
The commissioner who tasked host communities of agric firms to protect government facilities in their areas, reminded them of the huge benefits if these industries were revived to operate in their communities.
On his part, General Manager of the Delta Rubber Company, Prof. Samuel Otamiri, while conducting the Commissioner round the plantation, decried the level of vandalisation.
He informed the commissioner that staffers suffered attacks in the hands of hoodlums, who carted away equipment and facilities on the farm.
Otamiri pleaded on government to expedite action to rehabilitate the plantation and forestall further vandalisation and destruction of facilities.
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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