Business
How Terminal Operators Frustrate Customs Operations
The Nigeria Customs Service (NCS) has bemoaned the inefficiency of terminal operations to provide necessary handling equipment at their various terminals which is now landing its officers and men in trouble.
The service said that such development is posing a lot of challenges for its men to carry out clearing processes and that also put them in trouble most times.
This was stated by the Controller, Federal Operations Unit, Zone A, Ikeja, Lagos Mahmud Haruna during the working visit of the new Assistant Comptroller General in charge of the zone, Monday Abuah to the unit yesterday.
The Controller said “we have many challenges, we are faced with many hardships. The scanners are not working, most of the terminal operators don’t have forklifts and other equipment and they want us to clear within 48 hours.
“They mount pressure on officers so much that they hardly do 100% examination”, he said.
He, however, called on officers of the service, to walk away if there are no facilities on ground to perform 100% examination.
The CAC said “if it takes one month or more time. Importers fail to declare exactly what they have in their consignments. When there is a problem, the officer is sacked and nothing happens to the agent, importer or shipping agencies.”
The ACG, while speaking to the officers, enjoined them not to lose sight of functions of the unit which according to him include detention, seizure of contraband goods, adding that they should not engage themselves in bad practices.
Abuah added that officers should do their due diligence in accompanying culprits with seizures so as to make their case files complete.
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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