Business
RSNC GM Tasks Institute On Risk Management …As BodyHonours Two Media Managers
The General Manager, Rivers State Newspaper Corporation, Mr. Vincent Ake, has urged the Chartered Institute of Loans and Risk Management of Nigeria (CILRM) to undertake an advocacy aimed at sensitising captains of industry, operators of organised private and public sectors on the need to adopt risk management practice in their business activities.
The General Manager gave the charge in his goodwill message last Friday in Port Harcourt, during the conferment of Honorary Fellow of Chartered Institute of Loans and Risk Management of Nigeria on him by the President of the institute.
He observed that most corporate bodies do not incorporate risk management in their organisational structure, but stated that by enlightenment and advocacy, organisations would see the need to adopt risk management practice, stressing that the areas covered by loans and risk management are enormous and required constant improvement through training and retraining.
Ake lauded the institute for its core values on discipline, professionalism, integrity, transparency, fairness, accountability, responsibility and best practice which he said were part of the universal code.
Earlier, the CILRMN’s President/Chairman of Governing Council, Dr, (Mrs) Harriet Nkechi Akubuiro, while performing the conferment ceremony during the 2019 membership induction/conferment of fellows and patrons ceremony in Port Harcourt, said the choice of the Rivers State Newspaper Corporation’s General Manager, Mr. Vincent Ake and the Garden City Radio’s General Manager, Mr Dagogo Ezekiel-Hart was hinged on their enormous contributions to mass re-orientation of the society and setting agenda for the development of the people and the state in general.
She said the conferment of the honorary fellow on the respective general managers was geared towards recognising the efforts put in by the honorary fellows and as a mark of encouragement for their good works in shaping the psyche of the people towards meaningful engagements that would foster love, unity, progress and general wellbeing of the citizens.
The president urged them to redouble their efforts in the service of humanity, as she congratulated them on their conferment.
The institute inducted people from various professions into different categories of membership, ranging from honorary fellows, fellow members, senior member, full members, associate members and graduate members, among whom was the Director of Finance and Accounts, Rivers State Newspaper Corporation, Mr. Barnabas Job who was conferred fellow of member of the institute.
In his goodwill message, Garden City Radio’s General Manager, Mr Dagogo Ezekiel-Hart, expressed his gratitude for the award and promised to live up to the expectation of the ethics of the institute.
A transporter, Mr Ngwaji Donkwa who is a road transport employer, told The Tide that the ban on illegal parks was a welcome development as the operators had turned to constitute public nuisance on the road without regard to other road users, adding that any act of non compliance by the operators should be view as economic sabotage to the state. Because transportation of goods and services stands to be the backbone of any economy, he noted.
On the side of the drivers, a member of Drivers Welfare Association, Nnankwo Ben, said the enforcement may not achieve 100 per cent compliance, because pushing the thousands of vehicles on the road to the limited spaces in the respective parks at mile 3 and Rumuokoro may not be possible as the space available can not accommodate those numbers.
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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