Business
Stakeholder Wants NAFDAC To Enforce Order On Bottling Firms
A business executive in Port
Harcourt, Mr Abel Orlu has expressed concern over the inability of the National Agency for Food and Drugs Administration and Control (NAFDAC) to enforce its directive to bottling companies to resort to the use of plastic containers.
Orlu said that for about seven years now since the directive was given to bottling companies in Nigeria that bottles are still being used freely in the packaging of products, irrespective of its setbacks and limitations.
The business executive who is a dealer in beverages and drinks with branches spread within Port Harcourt and environs, said that the use of bottles in the packaging of products had given rise to contamination and dirts in the content.
He said that several reports were lodged at NAFDAC secretariat over dirts found in the bottled products as well as rusts discovered in the bottles which he said did not flow with the present day development and realities.
According to him, NAFDAC gave ultimatum to these companies in February 2007, for bottles to be replaced with plastics within one year period.
Ordu however, regretted that the NAFDAC ultimatum was not the only ultimatum or directive given by the Federal Government, especially, the 10 per cent use of cassava flour given to flour mills for use in their packaging, is yet to be fully implemented or enforced.
He also urged the NAFDAC and other government agencies to ensure that there is total enforcement on its directive so as to win public confidence.
Corlins Walter
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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