Business
Customs Unit Gears Up Against Smugglers
The Agbara Unit of the Nigerian Customs Service (NSC), federal Operations Zone “A”, has beefed up its security operations in order to tighten all loopholes against smugglers.
The officer-in-charge of the unit, Assistant Comptroller Bewaji Isaac Olufemi who made this known while addressing Officers and men of the unit recently charged them to remain vigilant and ensure that no single smuggled item was allowed to leak into the Nigerian Market through the Seme-Badagry-Mile 2 routes of the zone.
Olufemi said the units should continue to raise the standard of its operations, in order to reciprocate the giant strides of the NCS management in terms of motivation, remuneration, capacity building, training and retraining among others, adding that, “we are therefore under serious obligation to tackle the issues of smuggling particularly rice and poultry products to its logical conclusion”.
On allegation of compromising, the customs Chief retorted “would you be talking about these seizures if our men had compromised? Will smugglers allow you take money from them and watch you turn around to seize their goods?
The Tide gathered that the achievements were a pointer to the fact that the Nigerian Customs Service is totally committed to the prosecution of the war against smuggling through the Federal Operations unit zone “A” and Customs commands saddled with the responsibility.
It was also gathered that the unit, between February and April 2014, made various seizures of contraband goods with an undisclosed duty value. The seized items include rice, frozen poultry, groundnut oil, shoes, bags and toiletries.
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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