Business
Research Institute Develops Solar Tent Dryer
The Nigerian Stored Prod
ucts Research Institute (NSPRI) has developed a solar tent dryer, as part of its efforts to assist farmers in the country to minimise wastage of agricultural produce.
A reliable source at the Institute’s office in Rumueme, Port Harcourt, has disclosed to The Tide that the product was developed by a researcher at the Institute; Mr. Folorunsho Babarinsa who is based in Ilorin.
The source disclosed that the Solar tent dryer was developed to boost export of agricultural produce in the country, especially that of Cocoa beans production in Nigeria.
He disclosed that the major factor responsible for the decline in the quality of Nigerian Cocoa, leading to the beans being discounted in the international market was poor drying.
According to him, the best drying method that would retain the quality of Cocoa was sun drying, but that it could be too slow in drying a large quantity, adding that the dryer was an advanced sun drying method that would ensure efficient drying of the beans and still retain its quality.
Meanwhile, the Officer in-charge of the Institute in Port Harcourt, Mr. Robbert Simeon told The Tide in his office last Friday that one of the major challenges that farmers are faced with is on how to dry their produce.
Simeon said that it is for that reason that the Institute in Nigeria has been researching on how to assist farmers to minimise wastage of products through the various dryers they have developed.
The officer-in-charge maintained that his office in Port Harcourt is working closely with farmers within the South-South Zone to assist them overcome some challenges.
Corlins Walter
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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