Business
Customs Seizes Contraband In Lagos
The Federal Operations Unit of the Nigeria Customs Service has seized a large contraband on the lagoon in Agbara, a suburb of Lagos.
The Area Comptroller of the unit, Mr. Victor Dimka, told newsmen on Friday that the contraband, estimated at several millions of naira, was seized at about 5am on Thursday.
Dimka said that the several sacks in contraband contained shoes and textiles, adding that the sacks were enough to fill nine large trucks.
He said that the sacks were loaded into three locally made jumbo boats.
“Acting on a tip-off, our team led by Mohammed Gidado, accosted the boats, but the suspects escaped on sighting men of the Customs,” he said.
Gidado said that the real value of the goods had not been ascertained
Gidado promised that the fight against smuggling would be sustained, despite the resilience of smugglers.
It will be recalled that the unit had earlier seized a big boat laden with 5,500 bags of rice.
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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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