Business
RSG To Reorganise TIMARIV
The Rivers State Government plans to reorganize the state Road Traffic Management Authority (TIMARIV), to help improve the traffic situation in the state.
Special Adviser to Governor Nyesom Wike on Traffic Control and Motor Parks Development, Ulamu Arugu, made this known in an interview with newsmen in Port Harcourt last week.
Arugu explained that reckless driving and other unwholesome activities by road users prompted the plan to reorganize TIMARIV.
He further advised motorists to obey traffic rules at all times. “One of the major causes of traffic congestion in the state is the human factor, “A lot of people are actually impatient, even after the efforts government has put in as regards traffic lights and all other measures to curb traffic distortion.
The SA explained that, over time, it has been very difficult to get people obey simple traffic rules.
Arugu further explained that at the moment government is working toward actualizing adherence to traffic rules on the roads especially in Port Harcourt metropolis and its environs.
He disclosed that what the police and the Federal Roads Safety Corps (FRSC) were doing in the area of traffic control was an interim arrangement.
“At this moment, the police and the FRSC are doing an interim job on behalf of the state because the state is on the verge of reorganizing TIMARIV”, he said.
It could be recalled that Wike disbanded TIMARIV shortly after assuming office in May 2015, following alleged malpractices that bedeviled the road traffic outfit.
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.
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