Business
Poor Honey Harvest Blamed On Late Rainfall
The late rainfall in 2010 had a negative impact on the harvest of honey by bee-keepers, according to Mr Ayodele Salako, the Oyo State Chairman, Bee Keepers Association of Nigeria.
Salako newsmen in Ibadan last Thursday that the rainfall, which also did not cease at the expected time, drove the bees away and honey could not be produced.
“We used to target September and October for harvesting of honey so that we will be able to harvest early from the end of November till December.
“When rainfall is too much, this is usually the consequence. But we thank God we are recovering gradually,” he said.
However, Salako said the late rainfall might eventually favour bee-keepers this year due to the late harvesting.
He expalined that the new early harvesting period would now extend into January 2011 while late harvest would consequently extend from April to May or even beyond.
“The setback in the 2010 bee-keeping year is temporary,” Salako said, urging bee keepers not to get discouraged.
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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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