Business
Shell Begins Repairs On TNP’s Illegal Tapping Point In Rivers
The Shell Petroleum Development Company (SPDC) of Nigeria Limited says it has started repair works on the illegal tapping point discovered on the Trans Niger Pipeline (TNP) in Nonwa-Uedume Community in Tai, Rivers State.
Recall that a 2km illegal pipeline said to have been operated on Shell’s TNP for over seven years with capacity to load two tankers of 33,000 liters of crude oil per night, was discovered in Nonwa-Uesume.
A team led by the Chairman of Tai LGA, Mr. Mbakpone Okpe, alongside security operatives including personnel of the Nigerian Army, Department of State Services and Tai local security task force, as well as NNPCL’s contractors, Tantita Security Services Nigeria Limited, and Pipeline Infrastructure Nigeria Limited made the discovery.
Reacting to the development, the Media Relations Manager, Shell Companies in Nigeria, Abimbola Essien-Nelson, charged members of the public to report any illegal activities around SPDC joint venture oil installations to the company or relevant government agencies.
Essien-Nelson, who confirmed reports of a leak on the illegal tapping point, said a Joint Investigation Team has inspected the scene and the company was awaiting the JIV report.
“The SPDC confirms receiving report of a leak from an illegal connection point on the TNP at Nonwa-Uedume Community in Rivers State.
“A Joint Investigation Team, led by industry regulator, immediately went to visit the illegal connection site for investigation and we are awaiting the signed-off report of the JIV.
“The illegal connection point on the SPDC joint venture pipeline is also undergoing repairs.
“Meanwhile, SPDC seeks the support of stakeholders including community people to report any illegal activities around SPDC joint venture oil installations to SPDC or relevant government agencies”, Essien-Nelson said.
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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