Business
NIOMR Advises Fish Farmers On Canning
The Executive Director,
Nigeria Institute of Oceanography and Marine Research (NIOMR), Dr Gbolaham Akande has urged catfish farmers to embrace canning as a means of preserving their products.
The Executive Director told newsmen in Lagos that many cartfish farmers were recording losses due to poor preservation and lack of value chain. He said canning would boost the income of the fish farmers.
“Canning the catfish will create value and increase the income of farmers. Instead of selling fishes unprocessed and at ridiculous prices, farmers should either smoke or can them to enhance their profit,” he said.
According to Akande, canned catfish would compete favourably with the imported canned products like Geisha and Sardine and also has the potential to become an export product for the country.
The Head of Extension and Media Relations of NIOMR, Dr. Mabel Yarhere, said that the catfish canning innovation platform (CCIP) Project was sponsored by the Forum for African Agricultural Research with $100,000 (N19.7 million)
She said that the fund was to support research, processing, market survey, mobilisation of farmers and launching various stage of the project within nine months.
According to her, farmers in the South West zone have been mobilised and empowered to embrace the project.
“We have assisted the farmers with fingerlings and feeds to boost catfish production as a step towards the success of the CCIP”, she disclosed, adding that the platform was connecting co-operative societies to commercial banks, which would give them loans to drive their active participation in the projects.
Remarking that the CCIP project was a platform set on a stable ground and would create an open market for existing farmers and aspiring ones, she expressed joy that some of the farmers were already setting up canneries through sponsorship by State governments.
She assured of the safety of consuming canned catfish as it has no health implications.
“We have followed the international best practices as specified by FAO from primary production to finished products. We have worked with various local and international regulatory agencies to ensure quality”, she said.
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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