Business
NCS Set To Effect Ban On Codeine
The Nigeria Customs Service (NCS) has said that plans have been finalised to executive the order by the federal government to stop the importation of codeine into the country.
The Assistant Comptroller-General, Area 1, Zone C, Port Harcourt, Umar Sanusi, gave the assurance in a chat with members of Maritime and Energy Media Practioners of Nigeria (MEMPoN) led by its president, Dr Raph John in Port Harcourt, recently.
He said that the NCS would collaborate with sister agencies like National Agency for Food and Drug Administration and Control (NAFDAC) in order to effectively carry out the ban.
Sanusi hinted that intelligence would also be used so as to beat the tactics of smugglers.
According to him, such order required a high powered intelligence crew who are determined to make a difference.
He further informed that a check system known as electronic manifest would also be deployed by the command in a bid to do a thorough job.
The customs boss pointed out that at times smugglers stock arms and other banned items into various containers of permitted goods, but have such spotted out through the electronic manifest system.
It would be recalled that the federal government recently announced the ban of codeine due to its negative effect on the people.
The Area 1, Zone C, Custom boss, who tasked MEMPoN members on professionalism, advised them not to shy away from reporting any negative thing about the system, as such has a way of encouraging an organisation.
He said that the NCS is open to all criticisms so as to enable it know when things are being done right or wrong.
Also speaking, the president, MEMPoN, Dr John Raph, said that the group was out to partner NCS and other maritime agencies in plans to bring sanity to the maritime industry.
He lauded the efforts of the Area 1, Zone C leader of NCS, over his determination to rid the system of all hindrances to the smooth operation of the sector.
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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