Business
Firm Begins Repairs On Damaged Pipeline In Delta
The Nigerian Gas Company (NGC) says it has commenced the process of fixing the exploded gas pipeline at Ugbokodo-Okpe community in Okpe Local Government Area of Delta State.
An official of NANPIST Venture, the company clearing the affected area for proper assessment and evaluation of the damaged pipeline, Mr Kingsley Onaipia, disclosed this to newsmen at the site, yesterday.
He said the indigenous firm was hired by NGC to clear the area before the commencement of repairs on the pipeline.
The NGC gas pipeline exploded on January 11, at about 4:00 a.m.
Swamp boogies and others have already commenced work at the site.
“We are on site at the instance of NGC, to enable the management ascertain the extent of damage of the gas pipeline.
“We have commenced evacuation and as soon as we conclude, proper repairs will commence immediately by the company’s management,’’ he said.
An official of the NGC, who craved anonymity also confirmed the development to newsmen.
“We want to effect repairs on the damaged pipeline as soon as possible,’’ the official said.
Reacting, the Spokesman of Ugbokodo-Okpe community, Mr Tobore Ajidsha, commended NGC for its quick response. He, however, expressed dissatisfaction with the process, noting that the community was not consulted before mobilising the contractor to site.
He also said there was another damaged gas pipeline about 200 meters away from the residential area in Ugbokodo-Okpe community and urged the NGC to quickly effect repairs before it caused another disaster.
“NGC has come to see us, they promised to come back after they have ascertained the extent of the damage.
“But we are not satisfied with the step taken so far because they did not tell us before mobilising to site.
“Although, no life was lost in the incident, the extent of damage was massive with thick flame that consumed fishing nets, boats and other items in the creek,’’ he said.
The community spokesman, however, said there was the need to compensate the people for the damage, assuring NGC of a peaceful atmosphere for negotiation.
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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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