Business
SON Seeks Media Partnership Against Substandard Goods
The Standard Organisation of Nigeria (SON) has solicited active working synergy with journalists and other stakeholders in the fight against substandard goods in the country.
The SON Coordinator in charge of Sokoto and Zamfara states, Mr Wanza Kussiy made the appeal in Sokoto, last Friday.
Kussiy emphasised the need for increased awareness for Nigerians to patronise quality products and services with required valuable standards.
He said SON had the mandate of safeguarding people’s lives through ensuring maximum quality of all categories of goods and services as well as rid the country of substandard goods.
According to the coordinator, fighting substandard goods and services should be collective responsibility of all Nigerians.
“ There is need for increased partnership between SON, law enforcement agencies, media professionals, governmental agencies, non-governmental organisations and community-based groups.
“ SON fights substandard goods to ensure quality assurance of products and services across the country” Kussiy said.
He said officials were always encouraged to provide conducive platforms on collaborations where all stakeholders could contribute toward achieving the mandate.
Kussiy cautioned people against demanding for cheap items, which he described as a dangerous way of encountering with counterfeit products.
He explained that SON had unified measures of certifying quality of products and services comprising imported ones and those produced within the country, and also issue out compliance certificates.
The coordinator urged people to report or register their complaint on items or services suspected to be of substandard quality for immediate action.
He stressed that the aim was to ensure that people obtained goods and services with maximum required value.
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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