Business
Council Purchases N4.9m Chemicals For Cocoa Farmers
The Ikom Local Government Council of Cross River State, says it has purchased agro-chemicals worth N4.9 million for distribution to cocoa farmers in the area.
The Council Chairman, Dr Tony Ngban, disclosed this at the inauguration of the Task Force for the Eradication of Fake and Adulterated Chemicals.
He said that the state government had subsidised the cost of the chemicals which included Funguran-OH and Rudomil Gold by 50 per cent.
According to him, the council will further subsidise the cost by 20 per cent to make it affordable.
The chairman said the government’s involvement in the distribution of agro-chemicals was designed to save farmers from purchasing fake and adulterated chemicals.
He noted that fake and adulterated chemicals had not only reduced the quality of cocoa beans but also contributed to early demise of cocoa trees.
Ngban also said that the council planned to procure fertiliser for distribution to farmers at 20 per cent subsidy.
He, therefore, appealed to farmers to shun fake and adulterated chemicals, stressing that they are injurious to both their health and that of their crops.
The council boss advised the task force to ensure that substandard chemicals were eliminated from all markets in the area.
The Tide source reports that the task force is headed by Mr Victor Eyam Osim, the council’s Supervisor for Agriculture.
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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