Business
RSG Begins Reconstruction Of PH Airport Protocol Lounge
The Rivers State Government-owned Protocol/VIP Lounge at the Port Harcourt International Airport, Omagwa is currently undergoing demolition process for the rebuilding of the lounge.
The Tide, on a visit to the lounge site last Friday, observed that all the fittings, including sanitary wares, had been removed, while the entire building had been de-roofed.
Efforts to speak with the contractor handling the project were not successful, but one of his aides who pleaded anonymity told The Tide that the new lounge which is expected to be upgraded from a downstairs to a one-storey building, would be delivered within a maximum period of six months.
Meanwhile, some airport users and stakeholders have expressed happiness over the steps taken by the Rivers State Government towards rebuilding the VIP/Protocol lounge at the airport.
In her reaction, a staff of the Federal Airports Authority of Nigeria (FAAN), Mrs Beatrice Okonu, described the project as a welcome development, saying it will go a long way in adding beauty to the aesthetics of the airport.
According to her, the reconstruction of the lounge is long overdue, given the calibre of people that lodge there while on transit.
She pointed out that the rebuilding of the lounge would yield the desired benefits in terms of modernity and facilities.
Also speaking, one of the conventional security personnel working at the airport, who would not want his name published, hailed the efforts of the Rivers State Government at rebuilding the protocol lounge.
He, however, urged the contractor handling the project to expedite action and ensure that the project is delivered before the scheduled time.
According to him, a three-month period is reasonable enough to deliver the project if resources are available to execute it.
It would be recalled that the Rivers State Government had promised to rebuild the lounge following the reopening of the airport for operations after the Covid-19 lockdown.
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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