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Mining: 91 Firms Signed CDA In 2017 -Ministry
The Ministry of Mines and Steel Development says 91 mining companies signed the Community Development Agreement (CDA) with their host mining communities in 2017.
The Director, Mines Environmental Compliance Department of the ministry, Mr Salim Salaam disclosed this to newsmen in Abuja, Wednesday.
Salaam said the mining companies and their host communities signed the agreement in line with the ministry’s law and mandate to promote socio economic development in every community.
“Wherever mining operation is going on, the community should have some benefits from the projects, this will impact positively on the lives of host communities and improve their relationship with better interaction.
“We at the ministry don’t partake in the signing of the agreement but we ensure that the terms and conditions in the agreement are achievable and realistic,” he said.
The director said his department had a monitoring and enforcement unit, which ensures mining companies fulfill the agreement signed with their host communities.
“The unit collates information, checks regularly, and updates its records before the timeline given to the companies to operate in the communities expires; if any company failed to fulfill its agreement, the unit follows them up,” said Salaam.
According to him, the department is planning to increase its performance to ensure that all mining companies operating in Nigeria sign CDA with their host communities.
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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.
