Business
Oil Spills: Expert Tasks Operators On Pipeline Integrity
An expert in the oil and gas environment, Dr. Henry Adimula, has charged operators in the industry to lookout for the integrity of their oil and gas facilities as part of measures to curb incessant well blowouts and equipment failure leading to environmental damages in the Niger Delta region.
Adimula, who is the Principal and Chief Executive of Petroleum Training Institute, in a chat with newsmen, stated that oil and gas operators must ensure their installations were in top functional state before operations.
It would be recalled that in the last 18 months installations of Aiteo Eastern Exploration and Production Company Limited and Eroton Exploration and Production Limited had suffered well blowouts, lasting several weeks of discharging massive gas and crude oil into the Niger Delta creeks.
The Shell Petroleum Development Company of Nigeria Limited, also recorded leaks on the Trans Niger Pipeline in Ogoni land in period earlier mentioned, which the company admitted was caused by operational failure.
Speaking on vandalism and sabotage, Adimula said the industry players must engage members of host communities to protect their installations, while urging them to first address the root cause of vandalism and sabotage.
According to him, “first, I think, is to look for the root cause. What are the major problems, the challenges we are having in the environment today, oil spill here today or pipeline bursting there tomorrow and all of that.”
He went on to say, “now, one of the things I think that the industry can do is to look at the integrity of the facilities and also to ensure that the facilities are still in a state that they can still function, so that we don’t have pipeline bursting and all of that.
“Then also, the issues of sabotage or damage to the critical infrastructure. The industry can do a lot by engaging local host communities.
“Another reason the PIA should be celebrated is entrusting the management of some of these things to the host communities themselves, so that when you have a say in the industry, now you are better able to protect that facility.
“Now when the activities have caused maybe pollution and all of that, there are so many government agencies that are charged with maybe remediation and managing the process”.
By: Tonye Nria-Dappa
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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