Business
Apapa Customs Makes Seven Seizures In First Quarter
The Western Marine Command of Nigeria Customs Service (NCS) in Apapa, Lagos, said it made seven seizures estimated at 27 million in first quarter of 2018.
The command said this in Lagos on Saturday in statement signed by its Public Relations Officer, Mr Emmanuel Tangwa.
According to Tangwa, the seized items include second hand clothing, foreign parboiled rice, frozen poultry products and petrol.
“The Western Marine Command is saddled with the main statutory functions of suppression of smuggling and enforcement of other extant laws that the service may assign to it from time to time.
“Its operational area covers the whole of western axis of Nigeria and extends up to North western region of the country.
“Outstations under the command are located at idiroko, Ijora, several creeks in Badagry, Yekeme, Bar Beach, Igbokoda and Yauri in Kebbi State,’’ he said.
The spokesman said the Area Controller, Compt. Sarkin Kebbi, had since his assumption as the helmsman continued to introduce new strategies for effective and efficient operations.
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.
Business
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