Business
Forcados Crude Export Resumes, Soon Forcados Crude Export Resumes, Soon
The Forcados Crude Oil Forcados Crude Export Resumes, Soon Terminal operated by the Shell Petroleum Development Company of Nigeria (SPDC) will resume export operations soon.
Media Relations Manager of SPDC, Abimbola Essien-Nelson, who disclosed this in a statement he made available to newsmen, said the resumption will commence by the end of October, when ongoing essential repairs would have been completed.
“In addition to the repairs, we are working to remove and clamp theft points on the onshore pipelines to ensure full crude oil receipt at the terminal,” he said.
According to Essien-Nelson, the active illegal connections to SPDC joint venture’s production lines and facilities in western Niger Delta as well as the inactive illegal connection to the onshore section of the 48″ Forcados Export Line are in the company’s ongoing programme to remove illegal connections on the pipelines that feed the terminal.
“SPDC gives priority to the removal of active illegal connections and to illegal connection points that have leaks. This scheduled programme is continuous as new illegal connections are identified during surveillance of the pipelines.
“An example of such illegal connection is that on the onshore section of the 48” Forcados Export Line which is currently not active and has no sign of leak at the interconnection point.
“We will continue to work tirelessly, alongside government and partners, towards the eradication of crude theft from our infrastructure,” she said.
The media Relations boss also reiterated the SPDC’s commitment to running its assets safely, reliably and in accordance with globally accepted standards.
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.
