Business
DPR Sets New Guidelines For LPG Operations
The Department of Petro leum Resources (DPR) is to engage stakeholders in the Liquefied Petroleum Gas (LPG) to fashion out new guidelines on high risk and life threatening practices being taken for granted by operators in the industry.
Zonal Controller, DPR, Lagos, Oluwole Akinyosoye, disclosed this in his presentation on safety in LPG operations at NIPCO Safety week celebration to commemorate World Day for Safety & Health at Work at the company’s premises on Dockyard Road, Lagos.
The Controller, who gave a pat on the back to NIPCO management for the high level of safety consciousness and excellent housekeeping exhibited by the company, said that the feat has given credence to the receipt of best compliant HSE terminal NPA awards consecutively in the past six years.
Akinyosoye said: “We are today talking to NIPCO, we are going to engage other players in the industry as well. We have started engaging NNPC as well to ensure we don’t just load the products but ensure that those trucks are fit for purpose.
“’If you load trucks that is not fit for purpose and there is an explosion in your facility, God forbids, on the way to the plants or at the plants, it will be on record that the truck loaded from your company, that is why we are looking at the LPG guidelines once again.”
He said correspondence will soon go to all operators on how to be up to speed with regards to loading and ancillary issues stressing “you know better than us because you do it every day and we may be theoretical in ways we do things but we relate to all sectors of the industry and we know where the shoes are pinching and those guidelines we are fashioning out.”
According to him, the guidelines would spell out what need to be in place before truck loads ,ensuring that they have the right shut out valves and correctly installed as well trucks being fit for purpose.
Recalling the sad experience of January 15, 2018 when one of the bottling plants operator lost huge investment, the DPR Controller enjoins both the investor and customers alike to adhere strictly to safety rules to avert such incident in future.
He said NIPCO has exhibited exemplary behaviour in the area of safety and their operations generally noting that , “I have not received any negative report on the company, and am saying that with all sense of responsibility.”
The Controller also commendable the management for the investment they have put in place in terms of infrastructure for commercial gas in Nigeria.
He launched the NIPCO safety pamphlet designed to guide users of LPG as domestic cooking fuel in a safe manner as a corporate social responsibility initiative and enjoined all stakeholders to keep safe at all times.
NIPCO Managing Director, Sanjay Teotia, while declaring open the Safety Week events, said good Health Safety and Environment (HSE) performance is an integral part of efficiency in the downstream sector of the nation’s oil industry. He reiterated the commitment to sustain its safety culture which has manifested in zero incidents and fatality in the entire 14 years of its operations adding that the HSE policy of company is hinged on prevention of injury to employees, assets, and environment.
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.
