Business
Lufthansa Gives Reasons Fo r Foreign Airlines Fare Disparity
The Lufthansa Airlines said the economies of demand and supply had created foreign airlines’ fare disparity among African nations.
Mr Claus Becker, Managing Director, West and Central Africa of the airline, said this during an award tour of some travel agents in Lagos.
He said that products offered by the foreign airlines were also responsible for the high fares.
Becker said that the airline had introduced a new range of products in its various aircraft.
“We have the state of the art, first class; we have been winning Skyjet 5 Star awards for the best first class service and this is a very special product that we do have on our A380 aircraft.
“We have a full-fledged business class which is also state-of-the-art and that is already being introduced on the new Boeing 747-800 and the up-to-date economic class product,” he said.
Becker said that the airline would introduce more new products worldwide between 2013 and 2015.
According to him, the Nigerian passengers will get the new products, as the planes will fly into Lagos, Port-Harcourt and Abuja.
“The passengers are sure of getting these new products, as well as other ones and then you have to consider a passenger who flies with Lufthansa from Nigeria to Frankfurt, Germany,’’ Becker said.
He said that the airline had employed Nigerians as part of its social responsibility to the country.
Becker said that employment was one of the major social responsibility issues supported by the company’s headquarters.
“We have the Memorandum of Understanding to train Nigerian flight attendants and the airline has been having a good relationship with travelling agents in the country,” he said.
Mr Bankole Bernard, the Managing Director, Finchglow Travelling Agent, urged the airline to assist in the training of travelling agents in Germany.
“We want the foreign airlines flying into Nigeria to do more in developing our people as we are considered as a strategic business partner in the aviation industry,” he said.
Bernard urged the Nigerian government to improve on its Open Skies policy with foreign airlines, saying that the aviation industry was improving.
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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