Business
Fire Service Saves N5bn Property In 2013
The Federal Fire Service
(FFS) said in Lagos last Thursday that it saved about N5.3 billion property, while property valued at about N6.4 billion were lost to fire in 2013.
Head of Fire Prevention and Inspectorate of the Lagos Command of the FFS, Mr Chika Njoku, made the disclosure in an interview with newsmen.
Njoku said that the service responded to 282 fire incidents out of 311 emergency calls received in 2013.
He said that 22 people were rescued, while 27 lost their lives, including the Associated Airline plane crash near the Lagos Airport involving former Gov. Olusegun Agagu’s corpse and 14 others.
Njoku blamed most of the fire disasters to over-loading of electricity, storing fuel at home and power surge among others.
The FFS chief said that between January 1 and January 15 this year, the establishment recorded 15 deaths and eight fire incidents in different parts of Lagos.
He urgeed the federal and State Governments to place restriction on fuel tanker’s movement during the day within the metropolis to avoid disasters.
Reacting to the fuel tanker disaster in Apapa, Njoku expressed worry over the incessant disasters caused by fuel tankers in different parts of the country.
The Tide recalls that 10 persons died while goods worth millions of were naira destroyed on January 8, when a fuel tanker fell at Berger Suya Junction at Olodi-Apapa, Lagos, resulting to a fire outbreak.
“We are supposed not to have fuel tankers moving freely during the day in the metropolis.
“Government should ensure that their movements are restricted to night to avoid more loss of lives and property.
b “If there is a fuel tanker accident within the metropolis during the night, the casualties will be minimal,’’ Njoku said.
Business
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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.
