Business
FAAN Partners ICAO On Digital Training
The Federal Airports Authority of Nigeria (FAAN) has initiated partnership with the International Civil Aviation Organisation (ICAO) for the digital training of its staff.
Managing Director of FAAN, Capt. Rabiu Yadudu, disclosed this while addressing staff on his visit to lbadan airport last Monday.
He charged staff to be professional in the discharge of their duties, urging them not to compromise their work and career.
The FAAN boss, who was accompanied by the Director of Engineering Services, Engr. Salisu Daura and Director of Security Services, Group Capt. U S A Sadiq(rtd), promised that his administration would prioritise staff development and their welfare.
“Take your work seriously, people see you through what you do. Can you make a name for yourself through your job? Use FAAN to launch your career.
“Management was aware of challenges confronting each airport and was working on them in order of priority amidst paucity of funds. This administration is focusing on accountability and responsibility of staff”, he said.
Yadudu disclosed further that FAAN management would embark on massive renovation and upgrade of staff quarters across the nation’s airports which he said would be executed in phases.
He, however, appealed to FAAN staff to always communicate their complaints, concerns and challenges to management through their heads of departments and airport managers.
According to him, the Ibadan Airport has been facing certain unique challenges over the years, which he said, needs the kind intervention of the state government.
He also informed them that an aircraft maintenance company, Maintenance and Repair Organisation for aircraft (MRO), has indicated interest to relocate from Lagos airport to Ibadan airport.
The FAAN helmsman expressed optimism that the relocation of the company would boost the economy of the airport as soon as the challenges facing the airport were resolved.
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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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