Business
Lawmaker Empowers Constituents With Financial Support In Ebonyi
The member representing Ohaozara/Onicha/Ivo Federal Constituency, Nkemkanma Kama, has spent millions of Naira among his constituents after he organised events to develop and expose budding talents in the three local government areas of his constituency.
This was done at the lawmaker’s country home, Ishiagu, during a prize presentation ceremony for winners of various competitions he organised during the Yuletide season.
He noted that development can only thrive in a peaceful atmosphere and therefore urged the people to embrace peace among all communities and also shun violence and other vices.
He said, “I discovered that we have a lot of talented youths in our constituency, and so we decided to organise the events to expose them and help them develop their talents.
“We have also taken note of complaints, and we will improve and make it better this year. The idea is to bring us together, to showcase our talents and cultures, to foster peace and oneness among ourselves.
“Elections are over; it is now time to face governance. My party is the Labour Party, but when it comes to governance, I am for everybody, irrespective of party.
“I was elected to represent the entire constituency. So let us embrace peace among ourselves, irrespective of party affiliations”.
The lawmaker also announced the employment of over 60 people to man over 10 constituency offices in the various communities.
He said the least amount of staff is to receive N50,000 monthly as salary, adding that they will help to coordinate his activities in the communities.
“They will also help in establishing all the necessary databases that will enable us to carry out our interventions seamlessly”, he said.
Winners of the football and Christmas Carol competitions were presented with a winning prize of N2.5 million.
The runners-up and third-place teams for each of the two categories also got their prizes of N1.5 million and N1 million, respectively.
There were also various awards for each participating football team and choir according to their positions.
In the talent hunt competition, winners in the six categories were rewarded with N250,000 each, while the runners up got N200,000 each.
There were also cash prizes for participants at the maiden Ohanivo Cultural Carnival.
The leader of the third-placed team, Brotherhood of the Cross and Star Church Choir, Ohaozara LGA, Mrs. Chinyere Akuma, commended the lawmaker for organising a free and fair competition.
The coach of the second-placed Onicha Community Football Team, Chukwu David, lauded the lawmaker and called on other politicians and well-to-do individuals to emulate him, adding that this would help the beneficiaries to start the small businesses.
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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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