Business
BigBull Rice’s New Seal Attracts Accolades From Consumers
The recently unveiled holographic seal tape used by BugBull Rice to seal its 25kg and 50kg packs has attracted praises from consumers who have expressed satisfaction over the innovation.
The innovative measure, aimed at combating counterfeiting, ensures that customers can now easily verify the authenticity of their purchases.
There have been widespread approval of the introduction of the holographic seal tape from major distributors, wholesalers, retailers, and consumers.
This act represents a significant advancement in consumer protection and also enhances the security of Big Bull Rice products and strengthens consumer trust.
The seal’s tamper-evident features ensure that any attempt to compromise the packaging is immediately noticeable, offering an extra layer of assurance to buyers.
Speaking to The Tide’s source, a wholesale foodstuff trader, Chuwkuma Nwosu, expressed his satisfaction with the new seal, saying “I’m happy that I can differentiate Big Bull Rice from counterfeit products through this new holographic seal.
“Customers trust the brand more because of it. They are usually worried about fake products, but this gives them reassurance and confidence to purchase”.
On her part, Mrs. Bola Afolabi said, “So many products have been compromised in the Nigerian market, and getting authentic and healthy products is now a chore.
“I want the best for my family, and I am happy Big Bull Rice has taken this proactive step. I can now purchase rice without fear of purchasing a counterfeit product”.
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.
