Business
Customs Vows To Rid Lagos Of Smugglers
The Nigeria Customs
Service (NCS) Federal Operations Unit (FOU) Zone “A”, Lagos has restated its determination to rid the area of smugglers.
The Public Relations Officer of the Command, Mr Uche Ejesieme gave the assurance while briefing newsmen on the recent activities of the command in Lagos.
Ejesieme said the command had waged a relentless war on smugglers and that their focus area remained in identifying illegal entering points, stressing that the essence was to ensure that they dismantled such illegal points and, by extension, cut down their supply chains.
In his words, “This is what we have been doing over time, we are not resting on our oars and the assurance is that we are beginning to have collaboration and support with members of the public.
“Recently, we revived this our concept of Customs Community Relationship. It is a platform whereby we engage stakeholders, trying to sensitise and educate them on the dangers of smuggling, particularly those of them living at those fringes of the border areas, so that they will be well acquainted with the effect of smuggling to the nation’s economy and also to their lives”.
He disclosed that the Command effected 205 seizures of smuggled goods with a Duty Paid Value (DPV) of N122.5 million, which included foreign parboiled rice, frozen poultry products, 33 used cars (Tokubo) and 65 scraps as well as textile materials, foot wear, vegetable oil, insecticides, spaghettis, soaps, wine and used tyres.
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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