Business
Woji Road Drainage Ready, May –Giadom
Drainage work on Woji Road in the Government Reserved Area popularly known as GRA in Port Harcourt has commenced.
The Commissioner for Works, Hon. Victor Giadom, who stated this during an unscheduled inspection tour of some projects in the state, assured that the drainage work would be completed in May.
Hon. Giadom enjoined residents to support and co-operate with government to ensure early completion of the project, expressing satisfaction with the quality and design of the drainage pipes.
Responding, the Managing Directr of Stemco Limited, Engr Gabriel Bitar assured that the scheduled date of completion would be adhered to, promising that at the end of the project, flooding in that area will be a thing of the past.
He however, advised builders to adhere to building rules to avert the menace of flooding.
Reacting to the Commissioner’s visit, Mr Adefe Banigo expressed happiness for government’s effort toward elevating their plight and called on the contractor to follow their contractual agreement.
At the Ultra-Modern Rumuwoji Market popularly know as Mile I Market, the commissioner expressed satisfaction with the corrective work so far done on the market and promised that work would be completed within the next 30 days.
He however appealed to the traders to co-operate with government to achieve completion date on schedule by opening the locked up stores to provide access to the market.
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.
