Business
Union Cautions On Illegal Motor Parks
The National Union of Road Transport Workers (NURTW), Rivers State Chapter has called on the Rivers State Government to decongest the state capital with illegal motor parks operation in order not to undermine the efforts of the state government on road development.
The Chairman, Abali Park in Port Harcourt and a member of state executive of NURTW, Elder Stephen Orlu made the call in a chat with The Tide in Port Harcourt yesterday.
He said that the operation of the illegal parks in the state have undermined the government’s effort in the development of the transport sector as well as the free-flow of traffic in the state.
According to him, there are over 40 illegal motor parks operating without the approval of governments in the state.
The union’s chieftain said that some of the illegal motor parks constituted nuisance and create enabling environment for criminal activities in the state.
He appealed to the state government to come out with a law to guarantee certified operation of motor parks in the state.
He also called on the state government to set-up a body to check the activities in the parks to reduce criminal activities on passengers.
Orlu stressed the need for every park to have police station to checkmate the activities of criminal elements in the state.
The Abali Park Chairman who noted that governments for years has abandoned the development of motor parks as source of internally generated revenue said that the ugly gesture has turned parks to where criminals and mad people operate daily.
However, the chairman commended Governor Nyesom Wike for effort in giving motor parks in Port Harcourt a new developmental look.
Enoch Epelle
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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