Business
SON Warns Importers Against Unauthorised Use Of Its Logo
The Standards Organisation of Nigeria (SON), has warned unscrupulous importers against the use of its logo to deceive unsuspecting customers to sell their goods in the country.
Director General, SON, Osita Aboloma, gave the warning at its sensitisation workshop with International Market Association Electronics (IMAE) in Alaba, in Lagos, recently.
Aboloma represented by Director in-Charge SON Lagos, Kabir Mohammed, said SON body was on top of its game to ensure that sub-standard goods were brought down to the barest minimum.
He tasked electronic dealers to align with bringing in goods as Completely Knock Downs (CKDs) and Semi Knock Downs (SKDs) for assembling and branding.
“You are belabouring yourselves for promoting and selling another man’s products for over four decades.
It is about time you owned your brand and we have the standard to support you.”
“Coming to Alaba is to bring standards to the door step of the trader and importer and you know of course that people come to this market from all parts of the country as well as other African countries to buy products. It is only when they do the right thing that the sector will impact on the nation’s economy through wealth creation and employment opportunities,” he said.
Also speaking at the event, the Director, Inspectorate, Compliance and Directorate, SON, Engr. Obiora Manafa, said the sensitisation workshop themed: “Promoting self-regulation to eradicate substandard electronics from Nigerian markets’ was to encourage electronic dealers by stimulating local production against importing.
“One strategy we are applying today is to promote self-regulation and a Joint task force has been formed to fight the influx of substandard products into the country,” he said.
“We are also telling them that it is good for them to create their own brands instead of faking successful brands,” he said.
Head, Ports and Borders, SON, Yahya Bukar, said the challenge faced by organization to address the influx of substandard goods was enormous.
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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