Business
Abakaliki Rice Millers Threaten To Down Tools
Rice millers at Abakaliki
Rice Mill Company have threatened to stop work, if the state government persists with its threat to forcefully relocate them.
The Chairman of the mill, Chief Joseph Ununu, made this known in an interview with The Tide source on Tuesday in Abakaliki.
Ununu who was reacting to the governor’s recent statement that the environmental status of the mill made the rice unhygienic, saying, “This relocation issue is distracting us; we will be forced to down tools to see whether the government will be pleased.
“We will mill and preserve enough rice that will sustain our families and gather at our office daily without doing any work.”
According to him, there has not been any reported case of ill health caused by the consumption of the rice.
”Environmental experts continually assess our surroundings and have always certified us fit for operation.
“Elechi buys our rice always; he used our rice for campaigns during his first and second tenures.
“The rice used by local government chairmen and traditional rulers to pay him homage are all from the Abakaliki Rice Mill.”
He noted that millers would readily relocate to any site, if facilities that would enable them to operate optimally were provided.
“Our machines do not operate under the sun or in the rain; so we need facilities where we will instal the machines and preserve our produce.
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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