Business
To Partner NAHCO On Agro Export
The Minister of Aviation,
Mr Osita Chidoka says the Nigerian Aviation Handling Company Plc (Nahco) would collaborate with the federal government on its agro-based export programme.
The minister said this when the board of the company, led by its chairman Mallam Suleiman Yahyah paid him a courtesy call in his office recently .
Mr Chidoka noted that with the capacity and efficiency of the cargo handling company, government could be rest assured that the expected agricultural output would be well taken care of in terms of export capabilities.
He promised to contact his counterpart in the Agricultural and Rural Development Dr. Akinwunmi Adesina, to see how the ministry and nahco could work together, pledging to bring the two parties together to facilitate a partnership that would work well for the development of the country’s economy.
Mr Chidoka, said there was much to be done to improve the cargo industry in Nigeria and commend nahco aviance for innovations and efficient delivery of handling services.
The Minister expressed concern that the country does not have an air cargo system that moves perishable cargo from one part of the country to the other same day, when the foodstuffs and fruits and still very fresh, “Why cannot tomatoes be moved by air from Yola to Lagos,” he asked, adding that these are the things the aviance sector should be able to accomplish.
He envisaged a situation where the agro sector would be able to join hands with nahco in maximising the opportunities that exist in the implementation of the company’s Free Trade Zone (FTZ) licence.
The way it is being implemented, the NAHCO’s Free Trade Zone allows for importation and exportation of goods in a kind of borderless environment. The FTZ allows Nigeria’s agro allied products to be exported to Europe and America with Lagos serving as the regional hub in the process.
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.
