Business
Kano Provides Land For Mega Pipeline Project
The Kano State Government says it has provided land for the construction of a mega gas pipeline from Ajaokuta to Kano.
The Secretary to the State Government (SSG), Alhaji Usman Alhaji, said this on Wednesday in Kano while receiving a delegation from the Nigerian National Petroleum Corporation (NNPC) which paid him a courtesy visit in his office.
He said the state government had also provided land for the construction of 135 megawatts hydro power project initiated by the state government as part of efforts to boost socio-economic activities in the state.
Alhaji said that the power project, when completed, would enable the state to compete with other states like Lagos and Ogun in terms of economic development.
He said that Kano State would continue to provide the necessary support and logistics for the successful execution of the two projects.
The Chairman of Kano State Land Use Allocation Committe, Alhaji Ibrahim Dan’azumi, said that the 614 Kilometer gas pipeline project, the first of its kind in the country, would boost the economy of the state, especially the industrial sector.
He commended the NNPC and other development partners for their contributions and commitment toward the actualisation of the two projects in the state.
A representative of NNPC, Alhaji Muhammad Sani SoronDinki, said preparation had been completed for the commencement of the two projects.
He commended Kano State Government for its support and cooperation toward the realisation of the two projects, which he said, would go a long way in boosting economic activities in the state.
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.
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