Business
Customs Seeks Stronger Collaboration To Curb Smuggling
The Nigeria Customs Service (NCS) has called for stronger synergy with other sister agencies and host communities in the state in the war against smuggling.
Superintendent of customs, Clement Atinse, the officer in charge of the Benin outstation made the call during its end of year activities.
The occasion was used as an avenue by the outstation to interact with invited stakeholders and forge stronger ties.
Atinse said that the outstation had enjoyed good working relationships with the other sister agencies and stressed the need to strengthen the collaboration.
“There is room for us to still strengthen and make our partnership stronger”, he noted.
He said that despite the perceived misconceptions of the activities of the NCS, the service was still forging ahead with its efforts to curb smuggling.
He said that it was gratifying to note that in spite of the challenges the NCS was facing, it generated more than N1 trillion as revenue for the country this year.
He gave the assurance that the NCS would continue to carry out its constitutional responsibilities within the ambit of the law.
Atinse also commended the staff of the station for their dedication to duty and cooperation.
The Tide source reports that the Nigerian Police Force, NSCDC, NAFDAC and representatives of host communities as well as Federal Operations Units of the NCS were present at the occasion.
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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