Business
Chonoko Assumes Duty As Acting CMD’s DG
Acting Director-General, Centre for Management Development (CMD), Mr Bitrus Chonoko has assumed duty at the head office of the Centre in Abuja, yesterday.
A statement by Media Consultant to the CMD, Alhaji Abdulkadir Ibrahim, in Abuja, yesterday, stated that the development followed the completion of tenure of the out-going Director-General, Dr Kabir Usman.
Ibrahim said Chonoko, Director of Administration and Human Resources, took over from Usman whose two terms of four years each have ended.
He said the handing over ceremony, which was held at the CMD headquarters on Wednesday, was witnessed by the management and staff of the organisation.
According to him, the staff at the ceremony praised the outgoing DG for his remarkable achievements and pledged to cooperate with the acting DG to take the centre to greater heights.
Chonoko, born in 1964 at Danko/Wasagu Local Government Area of Kebbi, did his primary school education in Ibadan, Enugu and Zaria from 1970 to 1976.
He attended Government Secondary School, Makarfi in Kaduna State from 1976 to 1981 and proceeded to the Ahmadu Bello University, Zaria where he graduated in 1986 with B.Sc International Studies.
He later proceeded to Usman Danfodio University, Sokoto from 1995 to 1997 and passed out with an M.Sc in Political Science.
Chonoko joined the CMD in 2000 after working with the Kebbi State Government in different capacities and served at the General Services Division as Assistant Chief Planning Officer and later Chief Planning Officer.
He moved to the Corporate Affairs Division as Assistant Director and was promoted to Director, Administration and Human Resources in 2011.
The new Acting Director-General has attended several courses on Management, Administration and Planning at home and overseas.
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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