Business
Yam Festival Promotes Food Production – Monarch
The Gbememene of Tai, King Godwin Giniwa has said that the significance of new yam festival is to encourage farming and promote food production in the community.
King Giniwa who stated this recently during the 2014 new yam festival expressed gratitude to God for this year’s productivity, adding that they were working on Industrialising the area.
The king reminded the people that the new yam festival was as old as the community, adding that the people should always observe it.
He also said that the 2015 festival would be more remarkable than ever in the history of Tai.
Also speaking, Mene-Zim of Tai, Chief Elder Clement Ngbor said new yam festival was very important to the indigenes of Tai local government, stressing that tradition demanded that the festival should always be observed in the month of August every year.
He said the celebration was always associated with good harvest, increased in child bearing and also foster peace and unity among the people of the area and beyond.
He further said that the festival observed was called “PIEMA – DEESORN” which allows families to celebrate and usher their children into manhood.
An elder in the community, Elder Sunday Nkporde said he was born into the festival and called on the youths to maintain the tradition.
Chikwere Uzoigwe, Siakpugi and Highman Kiinawii
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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.
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