Business
Traders Urge Nigerians To Shun Imported Food Items
The National Association of Nigerian Traders (NANTS) has urged Nigerians to shun the patronage of imported food items and to promote the consumption of locally produced food.
NANTS National woman leader, Mrs Ruth Agbo made the appeal at a campaign against illegal importation of foods and indiscriminate use of chemical on food items, in Abuja.
She said it had become necessary to create awareness on the importance of consuming locally grown food in the country.
“This campaign is very important because it is in line with the government’s policy on import substitution, which advocates that we should be able to eat what we produce in this country.
“Knowing full well that everything that is imported into the country, especially as it concerns what we eat, is usually not in perfect condition for our health.
“We are doing this campaign against illegal importation of foods and indiscriminate use of chemical in food for preservation.
“Some of our traders are still using chemicals to preserve their food, so this is also an avenue to sensitise them to know that some of these chemicals are very harmful,’’ she said
Agbo added that part of what informed the campaign was the video showing a man using a chemical substance called sniper to preserve beans.
“This is an act of ignorance which will cause more harm than good.”
“So, our aim also is to sensitise these women traders on the best practices because nobody should be a victim of ignorance.
“We are carrying a massive senitisation across our markets across the country, especially in the rural areas, to let them know the right thing,’’ she added.
According to her, if Nigerians consume what is produced in the country, they will be healthier.
She added that promoting locally produced food would also help to grow the nation’s economy.
More than 1,000 women farmers and traders participated in the campaign that took place in major markets in the Federal Capital Territory.
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.
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