Business
Firm Announces Production Of Drink In Nigeria
Ekulo International Limited and J. Garcia Carrion S.A of Spain, the franchise owners of Don Simon juice and wine products have reintroduced Nigeria’s once favourite and choice drink, Don Simon, to the Nigerian market.
This time, the brand is not coming as a traded brand but as one manufactured in the country.
The brand used to dominate the Nigerian market before a ban was imposed on fruit juice importation in 2002, Ekulo and the Spanish brand owners said.
At the media inauguration of the brand in Lagos, the two companies announced that Don Simon was now being produced in Nigeria with NAFDAC registeration.
The brand owners said they were optimistic that the product would become an integral part of country’s daily nutritional requirements.
A statement by the two firms said, “The merit to revive Don Simon fruit juice goes to Ekulo International Limited who, in conjunction with brand owners, J. Garcia Carrion S.A of Spain, has clutched the challenge to establish the brand on the par with its global image. Don Simon fruit juice is recognised world over, in more than 155 countries.
“Ekulo International Limited is a part and parcel of Nigeria and has been committed to provide quality consumer products at very affordable prices for over three decades. On the other hand, J. Garcia Carrion S.A is the Spanish giant who has been in existence since 1890.”
The new Don Simon is currently available in one liter brick pack with three variants- Multifruta, Orange, and Pineapple. The Apple variant would soon join the portfolio, the statement said.
According to the statement, the raw material used in producing the juice in Nigeria is sourced from its plant in Spain. Therefore, the juice is sculptured with carefully nurtured and selected natural fruits.
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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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