Business
Customs Seizes Truck With N7.33m Contraband
The Zone ‘C’ of the Fed
eral Operations Unit of the Nigeria Customs Service has confiscated a truck-load of contraband foodstuffs worth N7.33 million.
The Area Controller of the zone, Mr Victor Dimka, told newsmen that the truck was intercepted on the Umuahia-Aba road.
Dimka said the truck was laden with 619 parboiled rice and 47 bags of beans.
The controller said that though no arrest has been made, investigation was ongoing to determine the owner of the consignment and the truck.
“The rice and the beans and the means of conveyance have been seized and fortified according to the Customs and Excise Management Act.
“No arrest was made but investigations are ongoing and the perpetrators will be made to face the law.
“Smuggling is on the rise during “ember’’ months because people want to bring in things to sell during the Yuletide but my men are equal to the task,’’ he said.
The customs boss advised Nigerians, especially the youth, to look for legitimate jobs rather than engage in smuggling.
He said the customs, more than ever, were equipped and informed to tackle smuggling and bring it to the barest minimum in the country.
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.
