Business
SON Cautions Borno Rice Millers Against Sharp Practice
The Coordinator of Standard Organisation of Nigeria (SON), Borno, Mr Adamu Ahmed, has cautioned rice processing companies in the state against sharp practice to maximise profit.
Ahmed, who spoke to journalists yesterday in Maiduguri, said the call became necessary following complaints by consumers that locally produced rice in 10, 25 and 50 kg bags were short of the actual weight specifications.
Ahmed said such sharp practice noticed by consumers in contents of assorted grains was unacceptable, adding that SON would soon clampdown on defaulting manufacturers and dealers of such products.
“Consumers should come to SON to complain whenever they observe such things or sub standard products.
“In doing that, they have helped the manufacturer to improve his product and other consumers to combat bad products.
“There is standard for rice, if you are processing rice. Come to SON to get the standard and make sure your product meets the required standard,” the coordinator said.
Many consumers who spoke to journalists in Maiduguri have raised concern about the poor packaging of local rice.
A civil servant, Abubakar Musa, said, “You will notice that the rice is full of stones and husks while the weight is not commensurate with the kilogrammes written on the bag.
“You will see a 10kg bag weighing 8kg, 20kg weighing 18kg, and sometimes a 50kg bag weighing 40kg! This is cheating.”
A university student, Halima Lawan,urged relevant authorities like SON to start a campaign against the malpractice.
“We need to have an aggressive campaign against sharp practice; it’s not fair for consumers to be buying things at exorbitant costs while the content does not meet the weight specification,” Lawan said.
A trader, Bukar Usman, observed that while few shop owners, particularly dealers were responsible for reducing the contents of grains, in most cases the reduction was done by the manufacturers.
“We are also not happy with that. Many contractors supplying local rice to organisations feeding displaced persons in camps used to complain that many bags of rice were rejected because the weight was less than the kilogrammes written on the bags,” Usman said.
Business
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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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