Business
PH Club Bans Unregistered Taxi Cabs From Premises
Henceforth, only reg
istered taxi cabs will be allowed to ply from Port Harcourt Club to elsewhere in the state.
This decision was taken by the management of the Club for the safety and security of members and staff who use them.
The Tide correspondent gathered that only registered taxis with Port Harcourt Club will have official parking space, while the management advised members, tenants and guests not to patronise unregistered taxi cabs, as such vehicles would not be allowed to park within the premises.
Our correspondent also gathered that vehicles of members and guests were subject to open their booths for a thorough search while entering the club or going out by the club’s security personnel.
According to the management, it was in line with the security situation in the country and advised all to strictly adhere to the directive, as the management would not compromise security and safety of its members, guests and tenants in the club.
Meanwhile, some registered members of the Port Harcourt Club’s taxi shuttle have hailed the decision of the management of the club, saying, it is a wise decision, aimed at protecting the lives of all doing business at the club.
The drivers who pleaded anonymity said the current situation in the country demands such restrictions, and enjoined the management to sustain the tempo.
Although they complained of poor patronage, they said it would safeguard security and safety of lives of the members.
Collins Barasimeye
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.
