Business
Council Wants Efficient Building Code In Nigeria
The President, International Code Council-Nigeria National Chapter (ICC-NNC), Dr Maurice Ngwaba has called for efficient building code for Nigeria.
Ngwaba made this call at the ICC-NNC 2nd Educational Seminar in Lagos Wednesday with the theme: ‘Developing and Implementing Modern Building Codes for Resilience and Sustainability’.
According to him, efficient building code will contribute to raising the quality of lives and safety of the property on built environment.
“Nigeria does not have efficient building code and building code processes.
“And this does not speak well of the country about to celebrate its 58th Independence Day on October. 1.
“ICC-NNC is not a statutory body and does not make, adopt or enforce codes.
“All these are functions of governments.
“However, as citizenry organised knowledge organisation, ICC-NNC, will progressively seek ways to support the building industry laws.
“This it will do to help improve the health, life and safety of Nigerians as well as share information that reduce risks of disasters and enhance the ability of communities to be resilience,” he said.
Ngwaba said that as new cities and developments spring up across the country, professionals would be relied on to engage in the planning, designing, and development of standardised property that would stand the test of time.
The Executive Director of Sustainable Programme, ICC,Mr David Walls, said that the International Code served as a model which could be adopted and amended to suit the locality.
Arepresentative of Underwriters Laboratories (UL), Johannesburg, Ms Suma Mohutsiwa, said that the UL had been partnering with key organisations to test and ensure that whatever was produced in any part of the world met local standards.
She said that in doing this, UL sets up code committees and stakeholders to make inputs and ensure that due processes were followed to develop standards.
Mohutsiwa said that UL works had helped the insurance companies and to reduce fire disasters in buildings that would otherwise have claimed many lives and property.
TheTide source reports that the Federal Government on June 12 approved a new national building code that will regulate construction with the aim of improving on measures to safeguard lives and property in the country.
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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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