Business
RMRDC Partners Association On Nigerian Honey
The Raw Materials and Research Development Council (RMRDC) has last Wednesday, said it was collaborating with the Federation of Beekeepers Association of Nigeria (FEBKAN) on coding of locally-produced honey.
The Director, Industrial Extensions Services Department of the Council, Mrs Theresa Omara-Achong, said this in an interview with The Tide in Abuja.
Our source reports that coding is the categorisation of a group of items to facilitate analysis.
She said that the council was working with FEBKAN and bee farmers in the country on coding of locally-produced honey.
Omara-Achong noted that honey-coding would help investors and buyers to know the part of the country the honey was coming from.
“Coding of honey from different parts of the country will help you and to know the part of the country the honey is coming from.
“It will also help to educate people on the different colours of honey we have because the colour of any honey depends on the kind of plants the bee nectar on.
“We have dark, golden and even white honey, which depends on the plants the bees pollinates. It could be tropical regions, grassland; so, coding our honey will educate investors, buyers hopefully.”
She decried the shortage of production of beehive products in the country such as beeswax and propolis.
“There is money to be made from other beehive products such as beeswax, propolis in this country after the honey is extracted from beehives, the honeycomb are thrown away.
“We want to encourage more investors in this area because the beehives can still be used to produce soaps, creams, drugs; a lot of money can still be made from beehives apart from honey,’’ the director said.
According to her, the council plans to undertake a demonstration workshop in different states in Nigeria, to educate bee farmers on wax rendering. Omara-Achong said that bee farmers needed to be educated that beehives had more use than just honey, and could also be used for industrial and beauty purposes.
“The country is losing a lot from beeswax got from honeycomb, and there is market for these products. Therefore, bee farmers need awareness on this.
“If sensitisation is done and production is increases, more jobs will created and importation of the raw material used in producing most of these products, ’’ she said.
Business
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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.
