Business
Group Advises DPR On Illegal Gas Marketers
The Nigerian Association
of Liquefied Petroleum Gas Marketers (NALPGAM) on Tuesday urged the Department of Petroleum Resources (DPR) to rid the sector of illegal cooking gas marketers.
The Public Relations Officer, NALPGAM, Mrs Olufunke Eleyinmi, gave the advice in Lagos during an interview with newsmen.
Eleyinmi also urged the agency to sanction marketers who failed to comply with relevant laws on operational safety.
She advised the regulatory agency to embark on facility audit of licensed plants nationwide to ensure compliance with statutory provisions on operational safety.
The NALPGAM spokesperson said that many people contravened the safety laws by storing and selling LPG without valid licences.
She said that DPR should ensure that gas retail outlets were licensed while plant operators must be conversant with all safety needs of LPG plant operations.
Eleyinmi, however, cautioned DPR against approving the citing of gas plants in a volatile and un conducive arena.
She said that the warning became necessary against the backdrop of recent gas explosion in the premises of Babson Gas Nigeria Limited, Akure.
The incident left eight persons critically injured and destroyed 42 houses and shops worth millions of Naira.
She said that both the federal and state governments should monitor various gas facilities nationwide, to identify the unlicensed ones.
“NALPGAM has disassociated itself from the owner of the illegal facility in Akure. The owner of the facility is not a member of NALPGAM and has no licence to operate.
“We need to know who approved the siting of the skid gas facility in that area.
“Who gave the licence and when was it given? DPR is the government agency responsible for giving out such licences. It could not have issued licence to that facility. We use this opportunity to condole with the government and people of Ondo State,” she 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.
