Business
PHED Flags Off Safety Awareness Campaign In Calabar
The Port Harcourt Electricity Distribution Company (PHED) has flagged off safety awareness campaign in Calabar, the Cross River state capital.
The flag off according to the Manager, Corporate Communications, PHED, John Onyi was to re-awaken the safety consciousness of those trading, living or erecting structures under the high tension lines.
Onyi in a statement recently in Port Harcourt, the headquarters of the distribution company, regretted the situation where members of the public were no longer adhering strictly to safety standards and guidelines.
The Manager, Corporate Communications recounted with dismay where people have died in the past due to electrocution arising from snapping of high tension lines or any other electrical faults.
The deaths, he said would have been avoided if they had obeyed safety requirements.
According to him, “Accidents, could occur but the most important part of it was to be conscious of it and avoid being a victim’.
Onyi said that the safety requirement for 11/33kv lines is 12.5 metres; 132kv, 25 metres; 330kv lines, 50 metres and on 0.415kv lines is 1.5 metres.
“Apart from the gathering, 305 houses have been identified in the city and posters specially made to educate them have been pasted on their gates, highlighting the implications of living or trading under the PHED high tensions and the need for them to vacate, noting that in the event of any eventuality, PHED would not be held liable for people encroaching on her right of way.
“We have written series of letters to the government of Cross River and indeed the three other states through the Ministry of Urban and Regional Development where we have our presence on the implications of trading under the high tension lines.
“We are not to enforce the law but to create the awareness and that’s what we are doing. It is the responsibility of the government to enforce it”, he said.
Similar action would be carried out in Akwa Ibom, Bayelsa and Rivers States where houses under the high tension lines have been identified.
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.
Business
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