Business
FG Inaugurates Committee On National Carrier
The Permanent Secretary, Ministry of Aviation, Hajiya Binta Bello, has inaugurated a 12-member Ministerial Committee on the establishment of a National Carrier.
This is contained in a statement signed by the Assistant Director, Press and Public Affairs, Mr James Odaudu on Monday.
It quoted the permanent secretary as urging the committee to pursue the assignment with the sense of urgency it deserves.
The statement explained that the inauguration of the committee is in line with the presidential directive on establishing a national airline
“The establishment of a national carrier is not only justified by economic considerations, but also strategic national interest, national pride and job creation potential.”
She also urged the committee to work with the Assets Management Corporation of Nigeria (AMCON) on the debt profile of domestic airlines and make its recommendations.
The permanent secretary further charged the committee to review previous reports of consultants while examining the report on the defunct Nigeria Airways and other failed private airlines.
It advised that the committee to consult stakeholders in the aviation sector with a view to fashioning a national carrier based on the Public Private Partnership.
According to the statement, former Managing Director of Discovery Airlines, Capt. Mohammed Abdulsalam will serve as the Chairman, while the legal adviser of FAAN, Uche Isichei, will serve as secretary
Responding, the chairman of the Committee, Capt. Abdulsalam assured the permanent secretary that the committee will develop a robust model that will meet the aspirations of Nigerians.
The statement said the committee had four weeks within which to submit its report.
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.
