Business
RSG Seals Collapse Building …NIOB Wants Review of Building Law
The Rivers State Government has sealed up the collapsed three- storey building at Alakahia along the East-West Road, Obio/Akpor local Government Area of Rivers State.
The Commissioner for Urban Development and Physical Planning,Barr .Chinyere Igwe, who stated this at the weekend when he visited the scene to ascertain the situation directed that integrity test be conducted on the site to ascertain the immediate and remote cause of the collapse.
Igwe expressed happiness that no death was recorded as a result of the incident and warned against anybody venturing near the vicinity.
According to him, We are happy that no loss of life was recorded. We appeal that nobody should go near the collapsed building as there is still evidence of more likely collapse of the building’’.
The Tide gathered that as at the time of the inspection,both the contractor and the builder were not available as information gathered revealed that they were not present at the time of the incidence.
The Tide was informed that the incidence occurred at early hours of Wednesday and stressed that the cause be as a result of poor architectural design and improper use of the building materials.
Meanwhile, the state chairman of the Nigerian Institute of Building (NIOB),Moses Ugheoke has
advised that government should review the building process, adding that the law is overdue for review.
According to him, NIOB has been advocating that all building constructions in the country should be handled by professionals and the approval processes, including the physical planning should also be review.
Ugheoke said some of the problems come from the approval stages, adding that if the institution is engaged in the physical planning stage, some of these collapsed building cases would be a thing of the past.
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.
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