Business
Total Moves Non-Essential Staff Out Of Nigeria
One of the leading oil and gas companies in Nigeria, Total Nigeria Limited, has reduced the number of its employees in Nigeria because of the continued insecurity in parts of the country and is also looking to improve the security of its installations abroad in the wake of the attack on the Amenas gas facility in Algeria.
Total’s Chief Executive Officer, Mr. Christophe de Margerie, told reporters in London recently., “We are concerned about security in 2013 after what’s happened.”
In Nigeria, one of Total’s main production centres, de Margerie said the company had already taken “specific measures” to improve the security of its operations and staff.
He said Total had reduced the number of staff based at the capital, Abuja, because of the risk to personnel there.
He added that the company had moved non-essential foreign staff out of Nigeria.
Militants seized and killed a number of workers at the In Amenas facility last month, with some reports saying the attackers had help from inside the plant.
“This is a new element to the way we control operations,” de Margerie said.
He said Total had offered help to Algeria’s state-owned Sonatrach, BP and Norway’s Statoil, which operate In Amenas.
He added that all international oil and gas companies should improve their exchange of information around such issues.
“We should exchange all our understanding, our ideas, on how to control operations. Now is the time to cooperate — there should be no secrets,” he said.
De Margerie said he had already spoken to Chief Executive Officer, BP, Mr. Bob Dudley, on the need to share information among companies.
“We definitely agreed for Algeria, but it could be the same in other parts of the region, especially West Africa,” he said.
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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