Business
DPR Seals Eight Filling Stations In Akwa Ibom
The Department of Petro
leum Resources (DPR) in Eket, Akwa Ibom, said on Sunday that it sealed eight filling stations in the state for operating without valid licences.
DPR’s Controller (Operations), in charge of Akwa Ibom and Cross River, Mr Bassey Nkanga, disclosed this to newsmen in Eket.
Nkanga said that many filling stations in the state, including some owned by Independent Petroleum Marketers Association of Nigeria (IPMAN) members, were operating without valid licences.
According to him, only about 50 per cent of the filling stations had valid licences.
He said that the department had commenced “vigorous inspection” of filling stations with a view to identifying and sealing those operating without valid licences.
The controller of operations advised owners of the sealed stations to regularise their licences to have their outlets reopened.
He warned against operating without valid licences and advised such dealers to desist from the act or face the wrath of the law.
“Some of the filling stations in Akwa Ibom do not have DPR’s licences. Henceforth any filling station without a license will not be allowed to operate,” he added.
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.
