Business
RIFAN Threatens Bayelsa Rice Farmers With Sanctions
The Rice Farmers Asso
ciation of Nigeria (RIFAN) in Bayelsa State, has warned farmers who had yet to register to do so or face sanctions.
The association’s state Chairman, Mr Ezekiel Ogbianko, gave the warning in an interview with newsmen in Yeangoa.
Ogbianko, who decried the influx of unregistered members into the association, said that RIFAN would not recognise anybody who was not duly registered.
“We do not want any fake farmers to be part and parcel of RIFAN and if we discover that you are not our member, you will definitely face the law of the land.
“Right now, the Federal Government wants to give us loan and we will make sure that we get the correct number of our members before and after disbursement of the loan.
“We have embarked on data collection and I believe the data will help us to know who are the real rice farmers in Bayelsa,” he said.
The chairman said that the loan would cut across the eight local government areas of the state.
“The loan is to encourage farmers to do well in commercial rice production, especially now that the Federal Government is planning to encourage mass food production,” he added.
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
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