Business
Borno Blackout: Minister Orders Immediate Reconnection
Following the lingering
blackout in Born State, the Minister of State for Power Mohammed Wakil has issued a 48-hour ultimatum for Borno to be reconnected to the national grid.
Wakil also disbanded the Technical Committee that was set up by the ministry of power under his chairmanship to oversee the protracted reconnection efforts.
The Minister further directed the Transmission Company of Nigeria (TCN) to speed up work on the 330/132/33Kva sub station in Damaturu which, when completed, will improve the quality of power supply to Borno and Yobe states stressing that Borno should have three sources of power supply from the national grid.
Following the meeting with security and intelligence personnel on the blackout crisis resulting in a high level review of the situation on the ground, the minister decided to take direct charge of the reconnection efforts.
According to the Minister, Borno people are no longer ready to take any further excuses for the continous blacks out even as he warned stakeholders to carry out his directives or face sanctions.
“You have 48 hours to restore electricity back to Maiduguri, I am taking over directly in terms of monitoring and ensuring compliance,” he said.
He added that at the end of the exercise, Borno State would have three sources of power namely, the 132KV Gombe-Biu-Damboa-Maiduguri line, the 330kv new sub station on Damboa road in Maiduguri and the Damaturu 330/132/33kv which should be completed as quickly as possible.
Borno has had issued with persistent power outages in the recent past on account of the armed conflict between the Boko Haram and federal troops.
Since 2005 the state has been a centre of fierce fighting between the government security forces and the insurgents. In September 2014, military authorities and the Transmission Company of Nigeria (TCN) reached an agreement for the provision of security cover to TCN field engineers working on the reconnection of Borno state to the national grid but these efforts had remained largely unsuccessful.
Business
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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.
