Business
NSCDC To Clampdown On Illegal Miners
The Nigeria Security and Civil Defence Corps (NSCDC), Edo State command, says it will clamp down on illegal mining operators in the state.
The state Commandant of the Corps, Mr Makinde Ayinla, said this at a meeting with officials of the Ministry of Mines and Steel Development and stakeholders in Benin, yesterday.
Ayinla said that the command had given enough time to all operators to regularise their documents, operating licences, royalty payment and environmental impact assessment.
He noted that the state was blessed with limestone, kaolin, granite, and gypsum, adding that the resources had attracted activities such as quarry, burrow pits and mining processes.
The commandant said that the corps was partnering with the ministry to fully harness the benefits of the mineral resources.
He charged the operators to ensure that no mining sites were situated less than 50 metres to power lines, railway lines, public buildings, reservoir, dam, and public roads.
Ayinla further said that officers of the command would soon embark on stop-and-search operation.
He advised operators, tippers and lorry owners to ensure that their waybill tallied with other relevant documents to avoid prosecution should there be a breach.
He said that the corps would no longer fold its arms and watch individuals sabotage government efforts and resources.
“Nigeria is a country endowed with human and natural resources, which if properly managed, will make the country one of the world powers,” he said.
Also speaking, Mr Kalu Kalu, who represented the Zonal Coordinator of the ministry, noted that illegal mining was a criminal offence punishable under the law.
The coordinator said that to strengthen operational activities, the minister had established a close relationship with the NSCDC, resulting in the creation of the Solid Mineral Unit in the corps.
According to him, the office organised enlightenment programmes on the need for miners to conduct their activities legally and in line with best practices.
He said that the meeting would avail the various communities the opportunity to know that non-compliance with the provisions of mining laws could lead to the prosecution of offenders.
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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