Business
DPR Seals 42 Illegal Gas Stations In A’Ibom
The Department of Petroleum Resources (DPR) in Akwa Ibom State sealed 42 illegal gas stations for safety reasons between January and February.
DPR Operations Controller, Mr Tamunoiminabo Kingsley-Sundaye, said the department had also forced 80 per cent of illegal gas stations off the streets in the state.
Kingsley-Sundaye said this yesterday during an interactive session with newsmen in Eket Local Government area of Akwa Ibom.
He said that most of the illegal gas operators had left the streets because they could not meet up with the required operational standards.
“Those that are doing illegal refilling points, over decorating their shops without ventilation are visually off the streets of Akwa Ibom.
“There are positive response for re-sellers, if you go to Uyo, you will see a good number of gas plant operators doing cylinder exchange instead of discounting which is illegal and not required by any standard,” he said.
Kingsley-Sundaye said that a good number of those doing illegal gas stations had left the business to venture into other areas.
He said that the department made them to understand that refilling of gas cylinders stops at the depot and not shops on the streets.
The operations controller said that illegal gas stations were not springing up or expanding, but their business were getting smaller.
“The good thing is that the market is not spreading again, we are trying to resolve the problems that is already created by their increase.
“The department goes to them to enlighten them on the inherent dangers of their operations and we are getting results,” he said.
Kingsley-Sundaye said the department had sensitised Liquified Petroleum Gas (LPG) operators to ensure that their facilities were constructed, operated and maintained in accordance with the approved technical standards.
He said that henceforth, applications of LPG operators and gas owners would be done online to ease their registration.
He said the department would visit facilities of gas operators to check access and check their safety in the state in the second quarter of the year.
“We will access them and look at the safety provision that are there that will enable them operate safely and the ones that do not meet up the standard, we either ask to upgrade them or ask them to stop for the time being until they do the right thing,” he said.
Kingsley-Sundaye advised landlords to stop giving shops to people operating illegal gas stations in order to guard safety of life and property.
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.
