Business
Baker Tasks FG On Training
A Port Harcourt-based
baker, Mr. Ibingo Sotonye has called on the federal government to extend its training programmes to bakers in Rivers State on the inclusion of 20 per cent cassava flour in bread production.
Sotonye, who made the appeal while speaking to our correspondent at the weekend, said since Rivers State was known for its high cassava production, it has “comparative” advantage on the production of bread.
Referring to the recent training of 140 master bakers from the North Central zone of the country on the roll-out training campaign facilitated by the federal government to drive the inclusion of 20 per cent cassava flour in bread making, the baker said Rivers bakers needed such support.
According to investigations by The Tide Business Correspondent, the two-day training which was held in Lafia, Nassarawa State, had 20 participants drawn from all the states in the North-Central zone.
The Tide gathered that the inclusion of the high quality cassava flour would reduce the cost of bread production while also putting an end to wheat importation which will in turn improve the quality of bread in the country.
Speaking at the event, the Assistant Chief Agriculture Officer, Root and Tuber Division, Federal Ministry of Agriculture and Rural Development, Mrs. Olajumoke Adewole, urged the participants to give the training the needed attention as the knowledge they stood to gain would boost the profitability of their businesses.
The initiative was appreciated as “a milestone towards self actualization,” by one of the beneficiaries, Mr. Mathew Olujede from Kogi who expressed satisfaction with the FG’s drive to complement their effort.
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.
Business
AFAN Unveils Plans To Boost Food Production In 2026
-
Politics3 days agoEFCC Alleges Blackmail Plot By Opposition Politicians
-
Business3 days ago
AFAN Unveils Plans To Boost Food Production In 2026
-
Sports3 days agoJ And T Dynasty Set To Move Players To Europe
-
Business3 days ago
Industrialism, Agriculture To End Food Imports, ex-AfDB Adviser Tells FG
-
Politics3 days ago
Datti Baba-Ahmed Reaffirms Loyalty To LP, Forecloses Joining ADC
-
Politics3 days ago
Bayelsa APC Endorses Tinubu For Second Term
-
Business3 days ago
Cashew Industry Can Generate $10bn Annually- Association
-
Entertainment3 days agoAdekunle Gold, Simi Welcome Twin Babies
