Business
Firm To Test-Run Scanner At Seme Border
An indigenous destination inspection service provider, Global Scan systems Limited has said it will start test-running the fixed scanner at Seme border post by April.
The Managing Director of the company, Mr. Fred Udechukwu, made this known to members of the Senate Committee on Finance during their visit to the site on Tuesday.
Udechukwu said that work was fast in progress to test-run the facility, which had two generating sets as back-up.
He said that the mobile scanner had been in operation since 2006 and had served as a stop-gap, until the identification of a suitable site for the fixed scanner.
The committee members commended the progress of work at the ongoing installation of the multi-million naira fixed scanner site at the border by Global Scan Systems.
The Chairman of the committee, Senator Ahmed Makarfi, said the committee was impressed with what was seen.
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.
Business
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