Business
NIPOST Laments Under Utilisation Of Facilities
Non-rental of post office boxes by members of the public and payment of stamp duty have been listed as part of the challenges facing the operations of the postal services.
The manager, Public Relations, Nigerian Postal Service, Territorial Headquarters, Port Harcourt, Mr Godwin D. Akpan, dropped this hint on Tuesday while speaking with The Tide in his office.
Akpan said that the inability of the public especially hotels and other commercial places to buy stamp duty from the post offices was a major factor militating against the growth of postal services.
He explained that stamp duty was important in case of court litigation.
The NIPOST PRO, reasoned that stamp duty was one of the legal items that can prove one’s innocence in the law court.
About post office boxes, he said that his branch has upto 38 thousand to deliver, but less than 10 thousand have been rented.
According to him, private boxes were necessary as it helps in the preservation of personal documents and files.
He revealed that the post office charges as low as N11,000 annually for special delivery services.
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.
