Business
PHED, EASYPAY Partner For Bill Payment
The Management of the Port Harcourt Electricity Company (PHED) has entered a partnership with EasyPay International as its new electricity bills collection agent across its operational areas.
The Chief Executive Officer of PHED, Neveen Kapoor, stated this while unveiling the new deal at the headquarters of the distribution company in Port Harcourt, Rivers State, yesterday. He said that EasyPay would be responsible for collection of electricity bill in Akwa Ibom, Bayelsa, Cross Rivers and Rivers States.
Kapoor maintained that the decision of the management in contracting EasyPay International was aimed at expanding the company’s collection network with a view to serving her customers better,
The company executive noted that the firm took into cognizance the cutting edge technology used for operations by the new collections agent.
According to him, “the coming onboard of the highly tested collection agent with proven track record was for administrative convenience.”
Payment made by customers would be online real time. PHED enjoined electricity users in the distribution franchised area to make all electricity bill payments through PHED offices, banks and designated Easypay accredited agents.”
Kapoor re-emphasized that payment of electricity bill promptly would not only sustain PHED in network expansion, statutory obligations, prompt network maintenance but also would boost the entire power industry in the country.
He noted that the new partnership with the collection agent is one of the strategic initiatives by the management aimed at expanding the company’s collections network with a view to improving service delivery.
Speaking to newsmen shortly after unveiling the partnership deal, the Chief Operation Officer, Mrs Joy Sunny Oparaodu said the seamless processing of payment has made EasyPay the smartest choice of all times.
Oparaodu noted that the technology deployed by the collection firm allows easy monitoring of their agents cum money collected from the back end with high level automation.
According to her, “this is a function that puts checks on all the agents’’.
She noted that the integrity and transparency of the company have remained unparallel, noting that payments made hit the PHED aggregator immediately making customers get online real time notification.
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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.
