Business
NAFDAC Seals Warehouse In Calabar
The National Agency for
Food, Drug Administration and Control (NAFDAC) has sealed off a warehouse in Calabar, the Cross Rivers State Capital.
The affected warehouse was allegedly used in the storage of a fake food seasoning product (Benny Food Seasoning) worth over five million naira.
This was contained in a press release singed by the Agency’s Public Relations Officer South South Zone, Mr Cyril Monye, a copy of which was made available to The Tide in Port Harcourt.
According to the release, the NAFDAC coordinator in Cross Rivers State, Pharm Isaac Kolawole, told newsmen that the sealing off of the warehouse followed complaint by manufacturers of the product about a fake brand of Benny food seasoning circulating in the state.
“We swung into action and our investigations led us to a warehouse where the products were stored and were eventually put on hold.
He also said that all attempts to arrest the culprits failed as they abandoned the product and disappeared.
Meanwhile, a middle aged man who specialized in cloning moving drugs has been arrested in Calabar and the drug confiscated.
The release said that, the agency also confiscated some of the drugs found on him.
Kolawole also told newsmen that the agency was enforcing the renewal of licenses of bakeries to meet the current standard, warning that any bakery that fails to comply will be sanctioned or shut down.
He also blamed the absence of NAFDAC at the border post in the penetration of spurious products from Cameroon into the country and pledged to work with the security agencies to check the trend.
The coordinator also called on the people to support the agency in the onerous task of safeguarding the health of the nation.
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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