Business
War Against Illegal Parks: Unions, Traders Seek Deadline Extension
Road transport unions and traders in Obio/Akpor Local Government Area of Rivers State, have appealed to the council boss for more time for them to make alternative arrangements before moving out of their current operational bases.
Spokesman of the Road Transport Unions, Blessing Orlu, made the appeal in a chat with The Tide, yesterday in Port Harcourt, following the expiration of the three-day ultimatum given them by the OBALGA council boss to vacate the roadside and streets and move into already existing parks and markets.
Orlu said the timing was too short for them to make the move and asked that an additional two weeks be given to them.
It would be recalled that the OBALGA council chairman, Mr Solomon Eke had on Monday given the ultimatum after a meeting with traditional rulers and community leaders to discuss measures to be taken to decongest roads and streets.
Eke had earlier in a meeting with Road Transport Unions and Traders Associations told them that there were various parks and markets within OBALGA and charged them to avail themselves the availability of those markets and parks.
The chairman stressed that there was no going back on the plan to rid the roads and streets of illegal parks and trading, adding however that a street trader cart would be built, which he said would help decongest the roads and enhance free flow of traffic, while maintaining beauty of the LGA.
According to him, “we are coming all out to force them to go into the various markets and parks”, which he noted had now become criminal dens.
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.
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