Business
Customs Recommits To Anti-Smuggling Crusade
The Nigeria Customs Service (NCS) says that it would continue to check the activities of smugglers in the country in order to boost the nation’s economy.
The Controller, Federal Operations Unit (FOU), Zone ‘A’ of the Nigeria Customs Service (NCS), Comptroller Muhammed Uba disclosed this last Friday in Lagos.
“Our problem always is to increase our tempo of pursuing the smugglers to make sure that we bring them to book so that this illegality should be reduced to the barest minimum. That’s our plan.
“We sleep with it, we wake up with it in order to make sure that we bring them down so that we save our economy from extinction.
We employ the service of other security agencies and other patriotic elements to make sure that this society is crippled, it will affect everybody”, Uba said.
The customs boss frowned at the recent interception of some animal parts caught in some Chinese residents in Lagos.
Uba said that trade in such wildlife parts were prohibited internationally. “Pangolin shells, elephant tusks like you know, they are wildlife animals classified as endangered species.
“Trade in such animals and their product is prohibited internationally.
They fall under Schedule 6 of the Common External Tariff, Item 7, absolutely prohibited for exportation.
“It is globally protected by the World Customs Administration in each country and it could be recalled not too far ago, Pangolin Day was marked worldwide.
“Now it is the responsibility of the Federal Ministry of Environment to protect our habitat-fauna and flora, animals and plants.
“It is their responsibility to make sure this environment is safe for us, so that these animals will not go into extinction”, Uba said.
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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