Business
NEPC Wants Exporters To Properly Identify Products
The Nigerian Export Promo
tion Council (NEPC), has called on exporters to properly document their products to prevent rejection in the international markets.
Mr. David Adulugba, the executive director of the council, made the call in Abuja at an event to mark the end of activities of its “2nd Nigerian Non-Oil Export Conference, Exhibition and Awards’’.
Adulugba lamented that due to the improper documentation, some of the products landed in wrong destinations, adding that before they could be sorted out, they had expired.
Citing an instance, he said, “when you asked to bring white sesame seed, you bring brown and then you expect the people to accept it that way.
“When people over there ask you to bring a particular product, if you don’t have enough quantity, please say so.
“Proper documentation will enable your customers to describe the content of your goods and it will also fasten the movement of the goods.’’
According to Adulubga, when the goods were rejected, the exporters blame the council, whereas the fault was from the exporters who failed to document their products properly.
“We are not sellers or buyers; our duty is to provide credible international markets for your products. The council feels proud when there are no faults in the products,’’ Adulugba said.
The executive director expressed happiness that the packaging of made in Nigeria products could now compete favourably with other goods in the international markets.
On this year’s Presidential Export Awards, reports have it that Olam Nigeria Limited emerged overall best exporter, while Bolawole Enterprises Ltd. bagged Outstanding Exporter in cocoa.
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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