Business
AFAN Warns Farmers Against Fake Grant-Issuing Portal
All Farmers Association of Nigeria (AFAN) has dissociated itself from a portal requesting farmers to register and claim N100,000 grant.
In a statement signed by AFAN’s Director of Administration, Chief Chinedu Agbaji, and made available to The Tide’s source, the association warned farmers and unsuspecting members of the public to be wary of scammers.
The statement said the association is not giving grant of N100,000 to farmers, and that it was a strategy to defraud innocent hardworking farmers.
It assured members of AFAN that improving welfare of farmers through strategic business partnerships is underway and remains paramount in the association’s agenda.
According to the statement, “This is to inform the general public that All Farmers Association of Nigeria (AFAN) under the leadership of Dr. Alh. Farouk Rabiu Mudi, are not in any way giving grant of #100,000 to farmers or opened a portal where farmers can register online for the said grant.
“We disassociates ourselves from the purported #100,000 farmers and non-farmers grant.
“We want to assure AFAN members that their welfare is paramount and we are doing everything within our capacity to improve it.
“We have started repositioning farming business in Nigeria through our strategic partnership and business relationships with stakeholders.”
He noted that soon the effort of the association in repositioning farming business of their members in the area of using modern facilities and improve seed for a better yeild.
He reiterated the need for farmers to remain focused and avoid distraction from fraudulent people.
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.
Business
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