Business
Customs Destroys N19.3m Poultry Products
The Western Marine Com
mand of the Nigeria Customs Service (NCS) has destroyed seized frozen poultry products with duty paid value of N19.3 million.
The Comptroller of the Command, Umar Yusuf , said at a news conference in Lagos that the products were seized late on Tuesday while two suspects were arrested.
“Our joint patrol made it possible to record this major seizure on August 4 during the wee hours.
“The joint patrol intercepted a boat loaded with 3,221 cartons of frozen poultry products along Badagry-Ere water ways with a DPV of N19, 326 million, “Yusuf said.
He said that since the operation was launched about a month now on July 7, the command had seized 5,083 cartons of smuggled poultry products valued at N31 million.
He also said the command was fully in charge of the Western region of the country and would tackle smuggling to a stand-still.
“We warn smugglers that we are in effective control of the water ways in the Western region of the country, which include Ondo, Ogun, Lagos, Niger and Kebbi states.
“This also interface with Nigeria’s neighbouring countries of Republic of Benin and Togo, “ Yusuf said.
Also speaking, the Comptroller in charge of Apapa Command, Eporwei Edike, urged Nigerians to desist from consuming such products.
He said Nigerians should be aware of the health hazards involved in consuming the poultry products that might have been preserved with dangerous chemicals.
He also said that patronising locally-produced poultry products would encourage the economy by creating jobs.
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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