Business
NIS To Roll-Out 10-Year Validity E-Passport
The Nigeria Immigration Service (NIS) will on June 25, roll-out the enhanced 10-year validity e-Passport at the Ikoyi Passport office, Lagos.
NIS Public Relations Officer, Mr Sunday James, made this known in a statement in Abuja, yesterday.
James said in view of the exercise, the service would shut down the existing payment platform for the office to pave way for the new one.
“Hence, the Ikoyi Passport office will only attend to Passport applications for the enhanced e-Passport effective from the stated date.
“All pending applications in Ikoyi will be processed before the roll-out date.
“Alausa and FESTAC Passport offices will continue to issue the existing e-Passport for applicants desirous of same,’’ he said.
Reports say that NIS had on April 29, commenced issuance of the new 10-year validity enhanced passport booklet.
This was part of a comprehensive reform approved by the federal government in January.
The 64-page 10-year standard passport costs N70, 000, while the 32-page five-year standard passport costs N25, 000.
The 64-page five-year standard passport goes for N 35,000, while the 32-page five-year official passport costs N15, 000.
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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