Business
Arrival Terminal Building: PH Airport Berates Contractor Over Poor Job
The management of the Port Harcourt International Airport, Omagwa, has expressed dissatisfaction with the construction of the domestic arrival terminal building project by the Inter-Bau Construction Company.
The airport said the project was poorly finished by the contracting firm.
Speaking to aviation correspondents last Wednesday at the airport, the Airport Manager, who is also the Regional General Manager, South-South, Mr Felix Akinbinu, said the management had been waiting for the handover of the project by the contractor.
Akinbinu said that the contractor came to him about a week ago to inform him that he wanted to handover the arrival terminal building, only for him (Akinbinu) to discover that the job was poorly done.
“We have been waiting for them for such handover. I must tell you that I am not too comfortable with the quality of job they did.
“FAAN will take it over and complete the remaining job for the benefits of our customers. We have to do something that will be befitting, even as the status of the airport is increasing “, he said.
The FAAN manager also explained that the ongoing work at the airport access road, being handled by the Chinese Civil Engineering Construction Company (CCECC), was different from the one the Rivers State governor, Chief Nyesom Wike promised to do.
“We are still waiting for the promise from the state governor. The project he promised is a capital project. He made the promise at the inauguration of the Turkish Airline in Port Harcourt Airport and on our visit to him in his office “, Akinbinu said.
On the certification of the Port Harcourt Airport, Akinbinu said the management needed more time to do what is supposed to be done in-house.
According to him, the whole world will hear when the airport management is ready for certification, adding that the certification programme is a project of its own and has requirements to fulfill.
“There are so many things we are to get in place just like when someone wants to prepare, you will have to get all the ingredients before you cook and serve. We are still cooking, we are not done yet.
“No challenge is insurmountable, and we are making progress. Instead of this December 2019, we are looking at March 2020, but our timeline is February 2020 when everything required is in place before March”, he said.
By: Corlins Walter
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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