Business
Customs Distributes 136, 476 Bags Of Rice To IDPs
The Nigeria Customs Service (NCS) has distributed 136, 476 bags of rice in the last one year to Internally Displaced Persons (IDPs) camps in the Northeast and Benin.
Public Relations Officer of the Service, Mr Joseph Attah, announced this to newsmen in Abuja yesterday.
The distribution of relief materials by the NCS to the IDPs camps across the country was in compliance with presidential directive to distribute seized perishable items to IDPs in the North-East.
He said that the reinstatement of the ban on rice importation through the land borders few months after lifting it in 2016 was to stem the tide of rice smuggling.
Attah said that between January 1, and March 31, the service had made a seizure of 136,506 (50kg) bags of rice from different land borders.
“I can assure you that our anti-smuggling strategy is yielding positive dividend in the last three months (January to March), we seized a total of 136, 506 50kg bags of rice.
“The last one year (March 2016 to March 2017), we made a seizure of 205, 825 bags with a duty paid value of over N1 billion, that is just rice alone.
“To build another layer of policing, we have what we call the compliance team, which made a total of 921 seizures with a Duty Paid Value of over N1 billion, most of these seizures are rice and then vehicles,’’ he said.
Attah said that customs in its fight against rice smugglers had record successes, adding that the service had paid great prices, especially in the area of loss of the lives of its officers.
He said that the Comptroller-General of Customs, Col. Hameed Ali (rtd.), had adopted holistic approach in fighting smuggling in the country.
Attah said that beyond seizing and arresting smugglers, the service had been in the fore front of educating the public about the unwholesome nature of these rice because of the method used in smuggling them.
“The idea is to protect Nigerians and shift taste to locally produced rice.
“We believe that when there is no patronage, there will be no smuggling.
Business
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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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