Business
Commissioner Tasks CAN On Policy Compliance
The Cross River State
Commissioner for Agriculture and Natural Resources, Mr James Aniyom, has enjoined the Cocoa Association of Nigeria (CAN) to always appreciate the state government’s policies in the interest of the state.
Aniyom who made the call in Calabar, in an interactive meeting with CAN officials and cocoa farmers over compliance issue said the meeting was an attempt to resolve the problems between the ministry and the association.
The commissioner stressed the need for the officials of the association to first see themselves as Cross Riverians and allow the love of the state to be paramount in their actions.
He expressed displeasure over the open protest by the association to register their displeasure with government levy, saying that his office was open for dialogue.
Aniyom reminded them of the need for them to pay their tax or any levy to government when necessary.
The Commissioner called on CAN members to work towards setting up a cocoa processing plant as a way to boost the cocoa industry in the country.
Responding, the National President of CAN Mr Siana Rima, commended the state government for resolving the crisis in the sector, and expressed optimism that the ongoing dialogue would be fruitful.
He said the CAN had always partnered with government to develop the economy, and would continue to do so for the general interest of the state.
Rima also called on government to handle the issue of non-compliance properly as most cocoa farmers were graduate who chose to go into farming, than take to crime.
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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