Business
NESREA Unseals Berger’s Corporate Headquarters
The corporate headquarters of Julius Berger Nigerian Plc has been reopened a day after it was sealed by the National Environmental Standards Regulatory and Enforcement Agency (NESREA).
Mr. Clement Iloba, Head of Public Affairs Department of the company confirmed the development in an interview with our correspondent in Abuja last Thursday.
Iloba said that the company had consulted with the relevant authorities on the matter and was ready for normal business.
He said, “We are fully in compliance with the laws, Julius Berger Nigeria Plc is a law abiding organisation.
“We have our documents with the Ministry of Environment, normal activities have resumed in the head office.”
Iloba stressed the need for inter-agency collaboration, particularly among agencies of government to avoid duplication of functions.
In the case of Arab Contractors, attempts to get any official of the company to comment on the matter were unsuccessful, at the time of filing this report.
It would be recalled that the environmental regulatory body last Wednesday in Abuja sealed the corporate headquarters of Julius Berger and Arab Contractors for violation of environmental laws.
NESREA’s Deputy Director of Land and Water Resources, Mr. Godwin Atsegwasi, had cited violation of provisions of the Environmental Impact Assessment (EIA) Act of 1992, as the reason for its actions.
The EIA Act was enacted to assess both the health and the economic effects of establishing industries or undertaking any type of industrial activity on the environment.
Atsegwasi also confirmed that NESREA un-sealed the corporate headquarters of Julius Berger after the construction company paid the necessary fines and promised to do the right thing.
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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