Business
Council Election: CRFFN Clears 16 Fright Forwarders
The Council for Regulation of Freight Forwarding in Nigeria (CRFFN) has cleared 16 candidates to contest its forthcoming governing council election.
The Registrar of the Council, Mr Mike Jukwe, said this last Saturday in Lagos.
The Tide source reports that the CRFFN had been without a Governing Council for more than five years.
Jukwe said the aspirants were cleared after a screening exercise held on Friday at the Freight Forwarders’ Headquarters in Apapa, Lagos.
“The exercise carried out by the screening committee was conducted under the watchful eyes of officers of the Department of State Security (DSS),” Jukwe said in a statement.
He noted that the result of the screening exercise had been displayed at the CRFFN Head office and the Zonal offices in Poet Harcourt, Kano and the liaison office in Abuja.
Jukwe said complaints arising from the screening exercise would be treated on Monday, June 25 and Tuesday, June 26.
He added that the list of contestants would be displayed on Wednesday, June 27, while accreditation of voters would be done on Thursday, June 28.
The CRFFN boss said the election would hold on Friday, June 29, and that the the results would be released same day.
Jukwe said complaints arising from the election would be resolved between Monday, July 2 and Wednesday, July 4.
“There will be a retreat for all the 32 members and election of the chairman and vice chairman of the council in Abuja on Thursday, July 5.
“The inauguration of the Governing Council of the CRFFN will hold in Abuja by the Minister of Transportation,” the registrar said.
Jukwe pleaded for freight forwarders’ co-operation and support for the success of the election and inauguration of a new governing council.
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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