Business
Eleme Council Restricts Motorcycle Operators
Eleme Local Government Council in Rivers State has banned the movement of motorcycles popularly called Okada, in Eleme communities from 5p.m to 6a.m.
The Caretaker Chairman of the council, Godwin Abebe Lolo announced this in a press release signed by the Council’s Press Secretary, Mr Nwanfor Orji Awala and made available to The Tide in Port Harcourt.
According to the statement, the restriction was part of measures to fight insecurity in the area.
The council in the statement noted that motorcycles are mostly used by crime perpetrators in the area.
He called on the motorcycle operators to comply with the new order pending when the ban would be lifted.
The chairman in the statement said, the ban of motorcycles was okayed after the security meeting with security agencies and relevant stakeholders on how to combat insecurity in the area.
He said any motorcycle operator caught violating the order would be charged as criminal and would be prosecuting accordingly.
The chairman said the council has given the security agencies the necessary support to checkmate the activities of motorcycle operators, especially within Eleme Township.
The council in the statement explained that the order was not aimed at undermining the movement of people and goods within the period but to ensure a crime-free environment in the areas.
He called on all relevant stakeholders to support the security agencies and the council to fight crimes in the area.
The chairman pledged continued commitment in fighting crime in the area, saying, that development only strives in an environment that is devoid of crime and illegal activities.
Enoch Epelle
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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