Business
NACCIMA Decries Poor State Of Nigeria-Benin Border
Director-General, Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture, Dr John Osemede, has decried the poor state of the Nigeria-Benin border.
Osemede made the appeal in an interview while speaking with newsmen in Lagos, adding that the poor condition of the border accounted for illicit trading activities in the area.
“It is sad that the Nigeria-Benin border is abandoned for this long and so many illegal trading activities are going on there.
“We have heaps of rubbish and the contraband goods are being smuggled in at will while the lives of the Nigerian immigration officers there are at risk.
“All these are going on because there are no active laws or penalty and we do not expect the African Union to build our border for us,” Osemede said.
He also decried the poor state of Mile 2-Badagry road leading to Seme border as motorists spent long periods on the road maneuvering through dangerous potholes.
He urged the Federal Government to consult experts to rebuild and manage the border and equip it with good security gadgets.
Osemede said that a formidable security system would curb the activities of smugglers and touts, boost the image of the country and generate more revenue for the country.
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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