Business
Baker Hails Cassava Bread
The Director, Dawn ‘N’ Joy Bakeries, Mrs Bisi Opeodu, says cassava bread tastes better than the bread baked from 100 per cent wheat flour.
Opeodu, who told newsmen said the difference between cassava bread and pure wheat flour bread could not be easily noticed.
“The bread we produce has 10 per cent cassava content, and you cannot tell the difference from a whole-wheat bread.
“We also hope to increase the content soon. The most interesting thing is that it tasted better when we enhance it with softeners,’’ Opeodu said.
She said that since her venture into cassava bread production, she has made more profit, adding: “the good thing is that you spend less on cost of production to gain more.
“We also produce cakes, sausages and other confectionery and the outcome has been wonderful.’’
Opeodu said that cassava bread was more affordable compared to the one baked from whole wheat.
“Cassava bread is more affordable; a loaf that sells for N200 cost N250 if it is wheat bread. A loaf of N60 cassava bread cost N100 if it is wheat bread.’’
She advised other bakers to embrace the use of cassava, adding that her company was looking forward to expand to other states.
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.
