Business
Church Plans Building Project In PH
All is now set for the foundation-laying ceremony of the new cathedral church building of Faith Tabernacle Congregation, Nigeria (FTCN) at No 3, Bolo Street, D/Line, Diobu, Port Harcourt.
According to the chairman of the foundation laying ceremony, Bro Stanley Princewill, the National Presiding Elder of the church, Pastor Trustee Marshal Wellington Bara is expected to perform the ceremony with some national officers and trustees on Friday.
He disclosed that the committee in collaboration with the District pastor in Port Harcourt, Pastor Gabriel Farayola and the entire members of the church have made every necessary plans for a hitch-free ceremony.
The committee has drawn up programme of activities to welcome the National Presiding Elder Pastor Trustee Marshal Wellington Bara and his entourage at the church premises, such activities include a song session and short church service where addresses would be read.
Bro Princewill further noted that a side show of the Cathedral building would be on screen before the foundation-laying ceremony proper and presentation of gifts and souvenirs later as part of the highlights.
He opined that the Cathedral whch will accommodate about 2,000 worshippers is a major project in the Port Harcourt District and enjoined all to grace the occasion and be part of the historic church building.
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.
