Business
NDE Begins Training Of 950 Graduates On ‘Start-Own-Business’
The National Directorate of Employment (NDE), has begun a five-day training of 950 unemployed graduates across the 19 Northern states through its ‘Start Your Own Business’ (SYOB) project.
Declaring the training open on Monday in Kano, NDE’s Director General (DG), Malam Abubakar Nuhu-Fikpo said the training was for unemployed graduates of tertiary institutions.
Represented by Nnodi Queenneth, an Enterprise Development Officer from the NDE headquarters, Nuhu-Fikpo, said 50 unemployed graduates were selected from each of the Northern states and the FCT.
“The training is for unemployed graduates desiring to take up self-employment by becoming young entrepreneurs.
“The training is also to equip participants with entrepreneurial skills that will enable them to establish and manage their businesses effectively,” Nuhu-Fikpo said.
He said the essence of the training was for the graduates to know how to develop a business idea, write a feasibility plan to secure loans either from government or financial institutions.
According to Nuhu-Fikpo, the government wants to see them become employers of labour at the end of the business training.
Nuhu-Fikpo added that start up capital would be given to some of the serious participants, especially those with good feasibility reports.
The NDE Coordinator in Kano, Alhaji Iliyasu Ahmed, said the programme at the end would be more interesting for the participants, urging them to pay attention.
He advised the participants to take the training very seriously, adding that it was a painstaking effort for the directorate to select only 50 persons from the state.
According to him, some of the participants who were not self-employed before, would know and appreciate the NDE and the Federal Government for engaging them.
One of the participants, Ahmed Yusuf commended the Federal Government and the NDE for the opportunity given to them to participate in the programme.
He assured the government and NDE that the participants would ensure to utilise the opportunity.
Business
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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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