Business
RSG Moves Against Street Traders
The Rivers State Ministry of Urban Development and Physical Planning, has set up a new taskforce that will monitor and take care of street trading in Port Harcourt.
Commissioner for Urban Development, Dr Tammy Danagogo who disclosed this to newsmen in Port Harcourt, said that the issue of street trading was one that the present administration would not tolerate any more.
He said that the original plan of the Garden City and its recreation grounds had been badly abused as people have turned every space they see to a market, adding that the urban renewal programme of government prohibits all forms of street trading including illegal structures.
To this end, the Commissioner explained that the new taskforce set up in the ministry had been empowered to arrest any person or group found trading on the streets of Port Harcourt, as well as demolish any illegal or temporary structures used in such trading.
Danagogo also said that a number of persons had been arrested so far on street trading, especially along the Sangana and Uyo Streets axis of Diobu, Pot Harcourt.
He therefore urged the public to cooperate with government in its current effort to return Port Harcourt to its garden city status.
The Commissioner maintained that those found trading or flouting government’s order will be prosecuted accordingly.
Corlins Walter
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.
Business
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