Business
NAFDAC’s Lab Gets Int’l Accreditation

Mr Chinye Chuma (Right), Commissioner for Commerce and Industry flanked by Miss Kadilo Brown, Permanent Secretary of the ministry and Mrs Elizabelth Felix-Obulo at the 4th Port Harcourt Xmas discount market recently.
The Regional Drug Labo
ratory of the National Agency for Food and Drugs Administration and Control (NAFDAC), located in Yaba, Lagos State, has recorded a major feat with its international accreditation by the Board of American Society for Quality.
The Tide gathered that news of the international accreditation of the laboratory filtered out after a thorough audited and assessment of the quality Management system (QMS) of the entire facility carried out by officials of the American society for Quality technically known as ASQANSI.
The Director-General of NAFDAC, Dr Paul Orhii, dropped the hint while addressing Regulatory officers of the Agency at the Annual Budget Retreat held in Lagos Thursday.
The Director-General disclosed that the Yaba laboratory has now joined other NAFDAC laboratories that have gained international accreditation in the last one year.
He listed the Mycotoxin, pesticides, Food and High Performance Liquid Chromatography (HPLC) laboratories as the four that have obtained such accreditation.
According to him, NAFDAC is making strides not only in infrastructural transformation but also in the area of international standardisation and recognition of the Agency’s regulatory activities.
The Director-General said the accreditation of NAFDAC laboratories has positive ripple effect on the current effort of the Federal Government to diversify the economy by boosting production and export potential of indigenous industries.
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.
