Business
Rainstorm Renders llorin Residents Homeless
Hundreds of residents in various parts of llorin, the Kwara State capital, have been rendered homeless by rainstorm, following downpour which lasted for over three hours on Saturday evening.
According to our source some of the affected houses, which had their roofs blown off by the storm, were in densely populated areas of the township.
The Tide source observed that several belongings of the victims including clothing, food items, electrical gadgets and other valuables littered the ground in the affected areas.
Some of the affected areas in llorin and its environs were Ganmo, Gaa Saka, Alore Guniyan, Agbooba, Adewole, Kuntu, Magaji Ogidi compound and Okelele among others.
One of the victims, Alhaji Oba Aremu, who resides at Magaji Ogidi compound, Ojuekun area of llorin told reporters that his residence was completely damaged by the storm.
Aremu explained that he and his 15 family members were currently taking refuge in a small place given to them by the Magaji Ogidi, Alhaji Salihu Amosa-Ajape.
Another victim, Alhaji Asinmi Aliyu, who is a Landlord of a six bedroom flat at Agbooba in llorin, said that he was yet to quantify things damaged by the rainstorm in his house.
In their separate reactions, some of the victims appealed to both the state and local governments to come to their aid and give them necessary support.
Most of the affected areas are still in total blackout following damages to electric poles and cables.
The Senior Special Assistant to Governor AbdulFatah Ahmed on Media and Communications, Dr Muideen Akorede, while reacting on the development last Sunday said the state government symphatised with the victims over the incident.
Akorede assured that appropriate agencies of the government would embark on inspection of all the affected areas with a view to support the victims.
Some of the affected residents were now taking refuge in mosques and some with neighbours.
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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