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NIBSS Reports Strong Growth in BVN Enrolment, Approaches 70m

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The growing demand among Nigerians for enhanced digital identity protection has spurred Bank Verification Number (BVN) enrollments to reach 69,972,475 as of August 23, nearing the 70 million threshold and highlighting the increasing significance of biometric authentication in the banking sector.

Data obtained from the Nigeria Inter-Bank Settlement System (NIBSS) website on Wednesday, showed that BVN enrollments rose from 69,789,193 recorded on August 3, adding nearly 183,000 new registrations in three weeks.

That is a significant acceleration from the 63,336 increase recorded between July 27 and August 3, indicating that the uptake of biometric identification within the financial industry is gaining pace rather than tapering off.

The acceleration is in line with the general upward trend in Nigeria’s BVN database, which stood at 69.55 million in early July 2026 and grew steadily in the following weeks. The trend indicates further growth of Nigeria’s identity infrastructure when banks and customers are increasingly concerned about account security, cyber fraud and the compromise of traditional authentication tools like passwords and personal identification numbers.

In an ever more digital banking environment, biometrics has become a more trusted layer of verification, especially for access to sensitive financial services and personal information.

The BVN system, set up by the Central Bank of Nigeria (CBN) and run by NIBSS, has been a critical tool in curbing fraud and bolstering the integrity of the banking ecosystem.

By connecting customer biometric data to their bank records, the system makes it easier for banks to verify identity, track duplicate accounts, and reduce the use of false credentials.

For most financial institutions, BVN is now central to customer onboarding, compliance checks, and transaction security.

The climb toward 70 million suggests that more Nigerians are still being drawn into the formal banking system, with the recent uptick in weekly enrollments hinting at renewed urgency around identity verification.

The latest data also underscores the durability of the biometric framework as banks continue to push digital services across mobile, internet and agency banking channels.

The need for reliable identity verification has become more pronounced as more transactions move online. NIBSS said biometric authentication is increasingly being seen as a practical answer to the weaknesses of traditional security methods.

“Passwords can be forgotten, stolen or guessed, while PINs can be compromised via phishing, social engineering or device intrusion. Biometrics, in contrast, relies on physical traits like fingerprints or facial features, which makes it more difficult to access without permission. That benefit has made biometric systems more attractive to banks, regulators and fintech operators looking to cut operational and security risks,” the central infrastructure body said.

Read Also: Electricity Distribution Companies Failed to Recover N669.5bn in 2025 – NERC

A stronger identity framework can help bring more people into the banking system, by making account opening and verification easier, faster and more reliable. For rural and underserved populations, biometric identity can also help lower documentation barriers that have historically constrained access to formal financial services. In that sense, BVN is not just a fraud-prevention tool but an infrastructure platform for expanding access.

At the same time, the increase in BVN enrollments may further bolster confidence in the banking system. When customers have the perception that their identity and money are better protected, they are more likely to trust digital channels. That trust is crucial for mobilizing savings, payments adoption, and broader financial sector stability.

As banks digitize, biometric authentication’s effectiveness could be a differentiator. In the face of increasing digital fraud risks, biometric authentication is no longer an optional upgrade for the banking industry, but a core requirement.

If the current growth rate is maintained, Nigeria’s BVN database could exceed the 70 million mark in the coming weeks, signifying a symbolic milestone in the nation’s efforts to advance a more secure and inclusive digital identity framework.

Electricity Distribution Companies Failed to Recover N669.5bn in 2025 – NERC

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Nigeria’s electricity distribution companies (DisCos) may be unable to collect N669.49 billion from electricity bills issued to customers in 2025, raising fresh concerns about the financial health of the power sector.

In its 2025 Annual Report, the Nigerian Electricity Regulatory Commission (NERC) said the DisCos sold electricity worth N3.68 trillion in the year but billed customers N2.99 trillion.

However, out of the amount billed, only N2.32 trillion was collected, leaving N669.49 billion unpaid.

This translated to a collection efficiency of 77.60 per cent, NERC said.

The commission said the DisCos billed electricity consumers N2,988.30 billion but collected only N2,318.81 billion, translating to a collection efficiency of 77.60 percent.

The figures imply that the DisCos collected about N77.60 for every N100 they bill customers, leaving about N22.40 uncollected. The number of unpaid bills also grew significantly from the previous year.

NERC said the DisCos failed to collect N536.95 billion in 2024. This rose to N669.49 billion in 2025, indicating an increase of N132.54 billion, or 24.7 per cent, in one year.

The regulator’s report found that the problem wasn’t simply that customers weren’t paying their bills. The DisCos provided a lot of electricity, which wasn’t billed to customers in the first place.

The N3.68 trillion worth of electricity supplied during the year by the NERC translated to a gross billing efficiency of 81.14 per cent, the Commission said. This means electricity worth about N694.80 billion was supplied but unbilled.

The combination of poor billing and collection continued to pressure the finances of the Nigerian Electricity Supply Industry (NESI), the commission said.

Read Also: Yusuf Usman Accuses Politicians of Offering Northerners N500 and Noodles

“The inefficiencies are ‘weakening the financial liquidity’ of the industry and restricting its ability to support new investments,” it said.

The financial difficulties also affected the DisCos’ payments to other market participants in the electricity market.

The Nigerian Bulk Electricity Trading Plc (NBET) and the Market Operator, NERC stated, gave out N1.72 trillion gross invoices to the DisCos in 2025 for the cost of energy and administrative services.

The DisCos paid N1.63 trillion, representing 94.80 per cent of their obligations, with a shortfall of N89.58 billion.

The regulator called the amount an underpayment and attributed it to market participants.

The situation highlights one of the big problems facing Nigeria’s power sector: it’s one thing to generate and distribute electricity, it’s another to collect the money owed for the power supplied.

When DisCos are unable to collect enough revenue, they have fewer funds to meet their financial obligations and invest in infrastructure.

This can impact their ability to maintain distribution networks, replace faulty equipment, expand their networks, and upgrade the supply of electricity to consumers.

The latest figures also come against a backdrop of continuing problems with metering and accurate billing. A large number of electricity customers are still unmetered and disputes over estimated bills and complaints about inaccurate billing have been frequent.

NERC has been calling for measures to improve metering, billing and revenue collection, as well as strengthening consumer protection.

The commission has also taken regulatory action against DisCos for poor performance and non-compliance with its rules. In one recent case, NERC took over the regulation of the Kaduna Electricity Distribution Company after it discovered serious financial and operational weaknesses.

The Nigerian electricity regulator said Kaduna Disko had a collection efficiency of 46.69 per cent in 2025 and its billing efficiency was 61.56 per cent.

The problem is still acute across the wider sector and the annual figures for the latest year show the continuing reforms have yet to address it.

The Electricity Act 2023 introduced reforms for increased competition, investment and access to electricity including allowing more participation from states and private investors in the electricity market.

But NERC’s latest figures suggest improving DisCos’ financial performance remains critical to achieving the broader goals of the reforms.

For consumers the revenue problem is directly related to the quality of electricity services that they are receiving. If DisCos are unable to recoup enough money from the electricity they supply, it limits their ability to invest in better infrastructure and provide more reliable service.

The N669.49 billion that remained uncollected in 2025 is, therefore, more than just unpaid bills. That is money that could have been used to strengthen the electricity distribution system and to support investment throughout the sector.

NERC’s figures show that without reducing billing gaps, improving metering and ensuring more customers pay for the electricity they consume, it will be difficult to address the financial issues plaguing Nigeria’s power sector.

Yusuf Usman Accuses Politicians of Offering Northerners N500 and Noodles

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Yusuf Usman, former chairman of the National Health Insurance Scheme (NHIS), has condemned the deployment of 30,000 security personnel to Osun State during its gubernatorial election.

He said the move was an attempt to intimidate voters and was unnecessary.

Usman is reported to have spoken about his thoughts on Wednesday during an appearance on DCL’s show.

He urged the electorate to learn from the recent political developments in Osun State and appreciate the power of their votes.

He said the people of Osun State were not cowed by the security presence and still exercised their right to vote.

“Even with that, the people of Osun were not intimidated by the presence of security agents in their state, they were there to assist them to vote.

They sent more than 30,000 security agents to Osun State to intimidate the people. 30,000. “If you send 30,000 to Zamfara, all the insecurity in Zamfara will be gone,” Usman said.

“How is it possible to deploy so many security personnel for an election, when insecurity still ravages parts of northern Nigeria?” he wondered.

“But no, the people, the lives of our people, are not as important as you fixing the ballot election,” he said.

The former NHIS boss also accused politicians of spending billions of public money to influence voters in elections.

“Number two is they buy votes. They spend billions of our money, people’s money, to buy votes. “People do get the money, yes,” he said.

Read Also: Benue Political Shift: More Than 1,000 Join Labour Party in Ogbadibo

Usman urged the northern voters to consider the short-term benefits dangled before them during elections against the long-term consequences of their political decisions.

“And our voters in the north, the lesson you need to learn from Osun is that in Osun they gave them ₦30,000, ₦40,000, ₦50,000, but here in the north they give you ₦500 and noodles to grab your lives for the next four years,” he said.

Usman said voters in the north should know they have the power to choose who governs them through the ballot.

We have a lot to learn in the north to tell you that we have power. We elect this government. We can choose who we want to choose,” he said.

He also criticized the persistence of the use of religious arguments to mobilize voters, especially appeals for endorsement of a Muslim-Muslim political ticket.

“And now they are bringing in these religious leaders back to you again to tell you to vote Muslim-Muslim, which I said from the beginning is nothing but a scam. “It has nothing to do with Islam,” he said.

He said religious identity should not be used as a substitute for good governance and tackling the challenges facing Nigerians.

“It is just to get votes for him. And then what has happened in the last four years? He asked, “What happened to the Muslims in the north?”

Benue Political Shift: More Than 1,000 Join Labour Party in Ogbadibo

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The Labor Party, LP, has recorded another major boost in Ogbadibo Local Government Area of Benue State following the defection of over 1,000 members of the Peoples Democratic Party, PDP, All Progressives Congress, APC, African Democratic Congress, ADC and other political parties.

The latest mass defection took place in Orokam District on Wednesday and was part of a wave of political realignments across Ogbadibo, which includes Orokam, Owukpa and Otukpa districts, ahead of the 2027 general election.

The defectors, made up of political stakeholders, community leaders and supporters, were formally received into the Labor Party at a ceremony attended by the leaders of the party at the state and local government levels.

Hon. E.E. Justice, a former House of Assembly aspirant on the platform of the ADC, who spoke for the defectors, said their decision to join the LP was due to the party’s commitment to inclusive leadership, development and grassroots participation.

Justice also said the leadership and representation of the member representing Ado/Okpokwu/Ogbadibo Federal Constituency, Hon. Philip Agbese, popularly known as Okanga 1 of Enone Kingdom, was a major factor in their decision.

Some defectors publicly discarded symbols of their former political parties before they were presented with Labor Party flags and membership materials.

The new members were received by the Benue State Chairman of the Labor Party, Hon. Williams Ochonu Okefie and the party’s Ogbadibo Local Governmentd Chairman, Hon. Peter Enejor who promised equal opportunities to them in the party.

Agbese, who also welcomed the defectors, said their decision was a reflection of the growing acceptance of the Labor Party across Ogbadibo.

The federal lawmaker felicitated the new members into the LP and charged them to work with the existing members to strengthen the party at the grassroots.

He promised them there would be no discrimination between old and new members and stressed that everyone would be given a chance to contribute to the growth of the party.

Agbese, who is seeking re-election to the House of Representatives in 2027, has been at the core of the Labor Party’s increasing political activities in Enone Federal Constituency since his joining the party.

He won the LP ticket for the constituency earlier this year.

UEFA May Back Down On Boycott Threat Amid FIFA Crisis

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European football nations look set to back down from their threat to boycott FIFA competitions after reportedly receiving assurances from the world governing body.

The development is expected to end an immediate standoff between UEFA and FIFA President Gianni Infantino, after a controversial proposal which had sparked strong opposition from European football officials.

Last month, it was reported that UEFA had threatened to withdraw European teams from FIFA competitions over concerns raised about Infantino’s plan to sell shares in a commercial venture linked to the World Cup to private investors.

Infantino eventually dropped the proposal but UEFA said that European teams would need assurances that no similar attempts to change the structure of the game would happen again.

Sky News says the assurances have now been given and are expected to be discussed at meetings in Monaco on Thursday.

The development means England and other European countries are expected to participate in the FIFA Under-20 Women’s World Cup in Poland next week as planned.

Their presence will finally put an end, at least for the time being, to the danger of a European boycott of FIFA tournaments.

The tournament will be the first FIFA event since a row over Infantino’s proposed commercial deal plunged his leadership into one of its biggest political crises.

UEFA has been prominently involved in attempts to challenge Infantino’s leadership, with reports suggesting some FIFA vise presidents from Asia, Europe and North America have also backed the push.

The U-20 Women’s World Cup will also give Infantino a chance to make a public appearance as FIFA president, despite the ongoing divisions within the organization.

It has been reported that the next major FIFA tournament will be the Women’s World Cup in June 2027. But the tournament will follow the FIFA election of a president, scheduled for March next year.

Infantino has yet to state his view on the election, and potential candidates have until November to gather support from at least five football associations to stand.

APC Reopens Online Membership Registration Portal, Appeals To Members

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The All Progressives Congress (APC) has announced that it will re-open its membership electronic registration portal nationwide on Monday, August 31. The party is urging both old and new members to register ahead of the 2027 general elections.

The National Publicity Secretary of the ruling party, Felix Morka, stated that while existing members are expected to validate their membership, new and intending members are encouraged to register and join the progressive family.

Read Also: Falana, Others Urge Stronger Support For Entertainers Beyond Public Donations

The requirements were given by the party’s spokesperson, who told the registrants that they must be 18 years and above with a valid National Identification Number (NIN).

He added that the purpose of the e-registration exercise was to digitize the party’s membership register to ensure the integrity of membership records and improve efficient access to membership data for future planning.

“We call on all party stakeholders, supporters and members, old and new, to participate in the APC membership electronic-registration exercise. The exercise will be conducted in all the wards of the country.

“Existing members are expected to validate their membership while new and intending members are encouraged to register and join the progressive family. The applicant must be 18 years and above and must possess a valid NIN.

“The e-registration exercise is aimed at digitizing the party’s membership register, ensuring the integrity of membership records, enhancing efficient access to membership data for planning and management decisions, promoting internal democracy and strengthening the party’s commitment to democratic innovation in Nigeria,” the party said.

Falana, Others Urge Stronger Support For Entertainers Beyond Public Donations

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Senior Advocate of Nigeria, Femi Falana, SAN and other stakeholders in Nigeria’s entertainment industry have advocated for the establishment of a sustainable support system that would shield entertainers from financial hardship and lessen their dependence on public appeals in the event of medical emergencies and other crises.

The call was made in Lagos at the unveiling of the Society for the Advancement of Entertainment and Trust, an initiative designed to strengthen the welfare, healthcare, insurance coverage and long-term financial security of Nigerian entertainers and other creatives.

Groove Tyme Entertainment in collaboration with Meristem Wealth Management Limited, Leadway Health HMO and other partners is promoting the initiative.

The founder of Groove Tyme Entertainment, Victory Okelezo, popularly known as Kupa Victory, speaking at the event, said the initiative was conceived against the backdrop of rising cases of illness, financial distress and sudden deaths among entertainers.

He also said that many creatives enjoy being in the public eye and appear successful, but they are also financially vulnerable and may not have a support structure to fall back on when faced with serious health or financial challenges.

The trust, according to Okelezo, was created to give entertainers a sustainable safety net and to mitigate the instances where prominent actors, musicians and other creatives are forced to resort to public appeals for help when they face medical emergencies.

Falana said the initiative is timely and that entertainers who have contributed immensely to the cultural, social and economic development of Nigeria should not end their careers by becoming dependent on public charity.

He also spoke in favor of more awareness and access to insurance for entertainers, adding that the National Health Insurance Authority Act provides a framework for health insurance coverage for Nigerians and residents.

The legal expert urged actors in the creative industry to take advantage of the existing legal and institutional frameworks to establish better welfare structures that will protect artists during and after their active years.

Commenting, a representative of the Directors Guild of Nigeria (DGN), Fidelis Ducker, said the proposed trust would help creatives to avoid the humiliating situation of having to “go cap in hand” to politicians and the rich when they face serious challenges.

A properly structured trust, Ducker said, could mobilize resources to provide emergency medical support for a creative, including treatment anywhere in the world, without making the individual dependent on politicians, government officials or private benefactors.

He said the initiative was an investment in the future of Nigeria’s creative industry and promised the support of the Directors Guild of Nigeria and the broader movie industry.

In a personal insight into the financial realities many entertainers face behind their glamourous public image, veteran actress and one of the announced trustees, Patience Ozokwo known as Mama G, shared her own experience.

She said many entertainers are assumed to be rich because of the expensive cars, clothes and houses that accompany their public appearances, although many struggle financially out of the spotlight.

Ozokwo said actors generally survive on a film-by-film basis and may have no regular income when there are no roles or they stop acting.

One of the big reasons she said entertainers are left broke later in life is the lack of a good royalty system.

The actress complained that actors could appear in old movies that continue to make money for producers and distributors without receiving any financial benefits from the continued commercial exploitation of their works.

She then advocated for a strong royalty system so that actors and other creatives will continue to earn when their creative works make money.

“Such a system would provide entertainers with a stable income beyond their active years and reduce their vulnerability to financial difficulty,” Ozokwo argued.

“Once entertainers start earning money, they often take on responsibility for members of their extended families, which makes it hard for many of them to save enough for retirement or unexpected emergencies,” she added.

Ozokwo welcomed the new initiative as a much-needed safety net but was optimistic that Falana and other stakeholders would help build stronger institutional structures to protect the rights, welfare and financial interests of entertainers.

The initiative is backed by Leadway Assurance while other partners include Electrified Engineering and Move Media Africa.

Other dignitaries like actor Sani Danja and Bayo Adegbe were also announced as trustees at the unveiling.

Tagged under the theme, “Life After the Art,” the initiative seeks to provide Nigerian creatives with better access to healthcare, insurance, financial protection and institutional support, while they are still active in the industry and after they have left the entertainment industry.

The ultimate aim is to move entertainers’ welfare away from ad hoc public appeals and toward a structured, sustainable system where creatives can enjoy dignity, security and financial protection throughout their lives, the organizers said.

Chinese President To Visit Egypt As Bilateral Relations Deepen

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China’s President Xi Jinping is on a state visit to Egypt for the first time in 10 years, in a move that is expected to deepen economic, trade and strategic cooperation between China and Africa.

Xi will meet Egyptian President Abdel Fattah El-Sisi for talks on expanding their comprehensive strategic partnership and promoting cooperation in important sectors such as trade, investment and infrastructure and security.

The leaders are also expected to exchange views on regional and international affairs, with a special focus on boosting cooperation between China and African countries against the backdrop of shifting global economic and geopolitical landscapes.

The visit comes on the 70th anniversary of diplomatic relations between Egypt and China, a partnership which has blossomed into one of China’s most important relationships on the African continent.

Bilateral ties have been elevated to a comprehensive strategic partnership since 2014 and cooperation between the two countries has expanded significantly in economic, industrial and defense sectors.

Economic relations have continued to deepen, with Egyptian companies signing 17 export deals worth some 168 million dollars with Chinese buyers last month. The pacts include agricultural products, textiles, minerals and engineering goods.

China remains one of Egypt’s largest trading partners, with bilateral trade reaching some $19.52 billion in 2025, the Egyptian Ministry of Investment and Foreign Trade said.

Defense cooperation has expanded beyond trade, with the two countries holding the joint Eagles of Civilization 2026 air exercise at Egyptian military bases earlier this month.

The visit highlights Egypt’s emerging role as a strategic gateway for Chinese investment and engagement in Africa, and is a boost to Beijing’s wider efforts to forge stronger partnerships across the continent, analysts say.

The visit is expected to result in new agreements aimed at boosting economic cooperation, opening up markets and supporting development projects that support Africa’s industrialization and trade ambitions.

Eight Killed As Severe Flooding Hits Nepal, Cuts Power Supply

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Nepal has sent helicopters to assist in rescue operations after a massive flash flood washed through villages in the Himalayan nation killing at least eight people and damaging roads, bridges and hydropower projects near the border with Tibet.

China’s Xinhua news agency, over the border, reported major casualties and missing people in Tibet’s Gyirong County following a mudslide at a border crossing between China and Nepal.

In Nepal’s Rasuwa district, floodwaters were too high for helicopters to land in the affected areas of Syapru Besi and Timure. Officials warned that casualties and property losses could be high.

“There could be heavy casualties or loss of property,” district administrator Narendra Pariyar told Reuters. * “But I cannot say for sure now.”

Pariyar said residents living along the Bhote Koshi river had been advised to move to higher ground after reports of villages and infrastructure project sites being washed away.

A witness told the Onlinekhabar portal, “It all happened suddenly.”*We heard a big sound, like a volcano exploding. Suddenly people started screaming and ran away.”

Nepal’s army said rescue helicopters would be unable to land until floodwaters receded.

It was not clear what caused the flooding. A fatal flash flood on the same river last year was linked to the draining of a glacier lake.

The mudslide also hit China’s Gyirong port, cutting roads, communications and electricity supplies in the Shigatse region near the Nepal border, Xinhua said.

Chinese President Xi Jinping ordered massive search efforts for the missing and called for better monitoring and early-warning systems to prevent future disasters.

Nepal’s Energy Ministry said about 430 megawatts of electricity supply had been affected, mostly from hydropower projects.

Based on official statistics, the affected capacity is estimated to be over 12 per cent of Nepal’s total 3.2 gigawatt hydropower capacity.

Prime Minister Balendra Shah said police and military personnel were helping with rescue and relief operations.

“Instructions have been given … to shift the people living in the lower areas to safer places,” he said. *“People living beside the river are advised to be more vigilant and be on the alert.

The Bhote Koshi River originates in Tibet and merges with Nepal’s Trishuli River, which enters India as the Gandak River.

Nine people died and 24 were missing in flooding on the Bhote Koshi last year, destroying a bridge connecting Nepal and China and halting trade and transport for months.

A regional climate monitor later attributed the disaster to the draining of a supraglacial lake in Tibet.

ICRC: 17,000 Nigerians Still Missing Amid North-East Insurgency

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The International Committee of the Red Cross (ICRC) said an estimated 17,000 Nigerians, most of them missing after attacks in insurgency-troubled parts of the Northeast and other conflict zones, remain unaccounted for.

The update was released Wednesday, ahead of this year’s observance of the International Day of the Disappeared, an annual event observed August 30.

The latest figure is a drop of around 6,000 from last year, when the ICRC said that 23,659 missing persons were being sought by their families.

The latest figure was given during an event in Yola by the Protection of Family Links Delegate at the ICRC Mubi office, Emeline Montel, who said about 3,000 of the missing persons were from Adamawa State.

The figures were based on cases recorded by the ICRC, which helps families trace missing relatives and reestablish contact when possible, Montel explained.

She was talking to journalists during a public sanitation exercise, street cleaning, remembrance and awareness campaign organized by relatives of missing persons and supported by the ICRC as part of activities leading up to the August 30 International Day of the Disappeared.

Relatives of missing people who participated in the exercise said the community clean-up was also intended to highlight the plight of thousands of families whose lives have been ripped apart by the disappearance of loved ones.

Many of the missing were breadwinners and young people trying to build their lives, they said.

Habiba Mustapha, a member of the Association of Families of Disappeared Persons, who took part in the street cleaning in Yola, said the fate of four of her relatives was still unknown.

Gwoza indigene Habiba, who was displaced from Borno State to Adamawa, said her family had faced prolonged emotional and economic hardship due to the disappearance of her relatives.

“The loss of my relatives remains a continuing source of emotional distress and economic hardship. Some of the missing were breadwinners. Our children are out of school. “Look at me here in an entirely new environment,” she said.