Business
Truck Drivers Observe Restriction Order In PH
Following the recent order by the Rivers State Government restricting heavy duty trucks from plying the city of Port Harcourt in the hours between 7.00am and 9.00pm, the truck drivers have started showing compliance.
Investigation carried out by The Tide over the weekend shows that all trucks coming from Owerri axis of Port Harcourt that are caught up with the time, anchor along Igwuruta-Ali in Ikwerre Local Government Area and the queue extends close to International Airport Hotel, Omagwa.
Those coming from Bayelsa axis, East-West Road, anchor at Emohua, headquarters of Emohua Local Government Area, behind the Choba bridge, while the trucks along Aba route stop at Oyigbo, in Oyigbo Local Government Area while waiting for the approved time of 9.00pm before driving into the city of Port Harcourt.
Speaking with Alhaji Waziri Usman, a truck driver at Igwuruta-Ali, told The Tide that the new order was not new to most of the drivers, saying that it had been in existence in some of the states in the federation and that the 9.00am movement time was ideal because the road traffic congestion was less by that hour of the day. “It accelerates our movement, because even if you drive in when there was no restrictions, hold up can keep you on the road more than that two hours that we have to spend here,” he added.
The Tide gathered that the restriction does not affect trucks that are on essential duties like oil tanker trucks, refuse disposal trucks and military among other recognised bodies.
It would be recalled that the Rivers State Ministry of Transport in imposing the restriction order also created a vacuum for waiver. This is to enable stakeholders whose activities are more relevant in day time than in the night to apply for waiver to enable them carry out their business. Such companies include Nigerian Bottling Company (Coca-cola), Nigerian Breweries Limited, PABOD Breweries Limited and others.
However, the Rivers State Ministry of Transport has called for applications from companies for waivers. The ministry’s intention, according to sources, is aimed at sanitising the transport system in the state and not targeted at any company or individuals. The ministry advised the stakeholders in the transport business to embrace the new restriction order with total compliance or face the wrath of the law.
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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