Business
Institute Releases Varieties Of Cocoa Seedlings
In its effort to bring back the lost glory of cocoa as one of Nigeria’s main export crop, the Cocoa Research Institute of Nigeria (CRIN) released eight improved varieties of cocoa seedlings.
Head of Crop Improvement at the Institute, Mrs Anna Muyiwa, disclosed this last Wednesday in Abuja at a Media Fellowship Training for Journalists organised by Biosciences for Farming in Africa (B4FA).
She said the new varieties of cocoa seedlings could mature in 18 months and would help to improve farmers’ yield.
She said that farmers had been coming to the institute to collect the seedlings.
“It is this improved variety of cocoa seedlings that the Federal Government distributed to farmers free last year,” she said.
Muyiwa said that the institute had dispatched extension workers to farmers to monitor the growth of the seedlings on their farms.
She said that the institute had also undertaken research on the latest technique of `top crafting’ that would produce a variety of cocoa seedlings that could mature in nine months.
The Tide source reports that the six-month programme for journalists was launched in 2012.
It is aimed at bridging the gap between science and the public by promoting better understanding and dialogue on developments in agriculture and biosciences throughout Africa.
It is also aimed at encouraging dialogue and promoting better understanding of the available options for improving agricultural productivity in Ghana, Tanzania, Nigeria and Uganda.
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.
