Business
Don Charges Stakeholders On Smart Cities Dev
Stakeholders in the design and building industries in Rivers State have been charged to see the possibility of developing Smart cities using the New Greater Port Harcourt city as a pilot project.
A senior lecture in the Estate and Survey Department of Rivers State University, Dr Alfred Aka, said this in a chat with The Tide, Monday in Port Harcourt.
Aka stated that they need to redirect their expertise towards creating smart cities, that would turn around the economic growth of the state specifically and the country in general.
He noted that smart cities are entwined in high technology and innovations when if adequately utilized would become the technology hub and example to other states.
The lecturer expressed surprised that a new city that is to be constructed in this era of cyber technology would not be having such feat and called on architects, and cyber technicians and builders in the State to up their game by training themselves in the friendly technologies in order to keep abreast with their global counterparts.
He emphasized on the need to develop and implement sustainable constructions activities in the building industries.
According to him, “Smart cities are built in compliance to the Interment of Things (IOT) objects which are titled with cyber technology that facilitate communication between data in the finished structures”.
He used the opportunity to call on government to create the enabling environments for modern technologies and innovations to thrive.
Tonye Nria-Dappa
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.
