Business
Salt Refinery: Namibia Issues License, Land To Nigerian Investors
The Namibian government has issued a mining license and allocated a piece of land that will enable Nigerian investors to establish a salt refinery in that country.
Its High Commissioner to Nigeria, Dr Peingeondjabi Shipoh, told newsmen in Abuja on Monday that the Namibian government allocated the piece of land to the Nigerian investors in August.
The high commissioner, who said the land was located in the country’s Erongo region, near the Henties Bay, added that the Namibian government’s approval was a testimony to its readiness to address all challenges before the investors.
“The government of Namibia has granted license because it is mining and it is manufacturing.
“The land has to be in the proximity of the ocean and it looks like that land that has been offered, you have to cross someone else’s land before you get to it.
“And therefore there should be some negotiations in order to lay pipes to take water into the plant.
“The people involved would like to visit Namibia to go iron out these things.
“I was informed about the problem before I came here (to Nigeria) and I tried my best to resolve it and we are about to resolve that problem of land access so that the plant can go up.
“Investment resource is not an issue; that has been secured; license from the government has been issued.
“So, it’s to find a date to start but the mission has got no control over those issues, it’s to only facilitate if we are told where the issues are.“
The envoy also said that plans for the setting up of a Nigeria-Namibia oil refinery in that country were on.
Shipoh, who said that the project would be private-sector driven, called on investors in the country to take advantage of the opportunities made available by the governments of both countries.
The high commissioner said that “friendly investment opportunities“ existed in the mining, agriculture, energy, fishery, and tourism sectors.
He said that the signing of 11 agreements by presidents of both countries in March had created opportunities for investors in both countries to take advantage of.
He, however, said that the interest shown by investors since the signing of the agreements had been low pointing out that the value of trade between the two countries was not up to one million dollars.
The envoy said, “these agreements are there and we need to make sure that the players are correctly advised so that all stumbling blocks on both sides, if any, are removed.
“Certain factors could constitute problems which we would like to know.
“If maybe the problem is not in Nigeria but in Namibia or maybe the import barrier is on the Nigerian side, which we need to be informed about, we can talk to our counterparts here to resolve such problems.
“If maybe there are export barriers in Namibia, which we need to look at and advise our people at home, we have a Nigeria-Namibia Chamber of Commerce, which has got an office in the Sheraton Hotel.
“It’s another avenue for business people, who might be subscribing to that chamber of commerce to visit that office and get the information they would need.
“We have made a lot of information available to that office, but we have got people coming to Nigeria and when that happens, we will inform businesspeople, who are interested.
“We would like to see more; we have made inroads, but we would like to see the trade volumes increase.“
Speaking on the outbreak of the Ebola Virus, the envoy urged African countries to work more closely in the area of research.
“Let’s now work together and research so we can develop our own cure. If you look at ZMapp, it is from tobacco; let’s see what we can do to support countries that have tobacco.
“If there are researches that are being started, other African countries should contribute to such so we can finalise the work that has been started by others and expand the virology laboratories where they exist.“
On his country’s forthcoming elections on Nov. 28, the envoy said efforts had been made to ensure that Namibians living in or passing through Nigeria voted.
“Namibians in the Diaspora will be given the opportunity to cast their votes on Nov. 14; so they are invited to come to the mission and vote. The voting will be a one-day affair.
“Although it will not be easy for our citizens both outside Nigeria and even in states within Nigeria to come over and vote due to the cost implication, we would still like to encourage them to come and cast their votes.
He said that the high commission had a record of eight Namibians living in Nigeria and that all of them had so far been registered to vote.
He added that 3,441 Namibians living in the Diaspora had been registered to vote.
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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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