Business
Northern Traders End Food Blockade To South
The Amalgamated Union of Foodstuff and Cattle Dealers in Nigeria has called off its nationwide strike after an engagement with the Kogi State Governor, Yahaya Bello.
The AUFCDN President, Muhammad Tahir, said the strike was called off following the Federal Government’s promise to pay N4.75 billion compensation, ensure protection of its members and stop all forms of multiple taxation and intimidation from security officials on the highways.
The group had demanded N4.75 billion compensation for the alleged killing of its members and property lost during the #EndSARS protests and the Slasha market crisis.
Briefing journalists after the parley in Abuja on Wednesday, Tahir stated that Bello begged the cattle dealers on behalf of the Federal Government to suspend the food blockade which kicked off five days ago.
He stated, “All the stakeholders and members of AUFCDN involved in our nationwide strike are glad; we achieved what we wanted to achieve.
“They agreed to pay the compensation and stop multiple taxation on federal highways and allow us to engage in our business activities peacefully nationwide”.
Addressing the union members during the reconciliatory meeting, Governor Bello said the strike had increased the hardship majority of Nigerians were already going through, including members of the aggrieved cattle and foodstuff dealers.
The governor said, “We must make life easy for ourselves; since you embarked on this action, there has been a lot of hardship on Nigerians across board; not only in the South or West”.
A former Minister of Aviation, Femi Fani-Kayode, who spoke on behalf of the West and Southern geo-political regions, said the impact of the strike was too heavy to ignore, adding that the killing of any Hausa-Fulani or traders engaged in legal business activities would no longer be tolerated or accepted.
“On behalf of the so many people in the South-West, especially Sunday Igboho (Yoruba activist), our commitment to you today is that people of the Hausa-Fulani extraction cannot and will not be attacked in the south”.
Fani-Kayode, however, appealed to the Federal Government to address the menace of armed Fulani herdsmen in the forests, whom he said, were known to perpetrate all forms of evil, including killing, raping and maiming of Nigerians.
Meanwhile, Bello and Fani-Kayode on Wednesday evening led the leaders of the cattle dealers to a meeting with the Chief of Staff to the President, Ibrahim Gambari.
Gambari told State House correspondents at the end of the meeting that that demands would be presented to the President, Muhammadu Buhari.
Bello also told reporters that union members had made some demands that must be met by government to forestall a recurrence.
He said, “I have the commitment of the union, in order for us not to continue to have this hardship across the country , to lift the ban on food and livestock transportation to the South.
“I have also received major commitment from people from the South not to attack people of Hausa /Fulani and the traders in the South and that the criminals among them, irrespective of tribe and religion, should be handed over to law enforcement agents.
“I have also received the commitment that their lives and property will be protected also”.
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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