Business
FG Constitutes Committee On Exported Soft Drinks Rejection
The Federal Government has set up a national technical committee to examine recent court judgement on the rejection of some soft drinks exported from Nigeria to the United Kingdom.
Head of Public Relations of Standards Organisation of Nigeria (SON), Mr Bola Fashina, made this known in a statement in Abuja, recently.
A Lagos High Court had declared that National Agency for Food and Drug Administration and Control (NAFDAC), negligently failed Nigerian consumers by allowing the manufacture and sale of soft drinks that were unfit for human consumption.
Although the Federal Government later declared that the products of the Nigerian Bottling Company were safe for human consumption, it encouraged bottling companies in Nigeria to insert advisory warnings on their products as necessary.
Fashina said that the committee was set up after a meeting of the Department of Food and Drug Services, Federal Ministry of Health; NAFDAC and SON.
He said that the terms of reference for the committee was to determine the safety of benzoic acid in foods and if its use in food could be replaced.
“The committee will ascertain if the level of benzoic acid in carbonated drinks can be further reduced below 250mg/kg in Nigeria and determine the frequency of monitoring of the safety levels of benzoic acid in foods.
“They will also give any other advice that the National Technical Committee may deem necessary,’’ Fashina said.
He said that members of the committee were drawn from the Department of Chemistry, University of Lagos, the Food and Drugs Section of the Ministry of Health, and SON.
Other members were from NAFDAC, Consumer Protection Council, Association of Food, Beverages and Tobacco Employers and representative of Civil Society Organisations.
Fashina said that the committee’s findings would form data for consideration in future review of the Nigerian Industrial Standards for carbonated drinks, which provided the benchmark for products’ quality in the country.
He added that the committee had two weeks to summit its report to the Minister of Health, Prof. Isaac Adewole.
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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