Business
Low Patronage: PHIA Business Operators Count Losses

Permanent Secretary, Ministry of Budget and Economic Planning, Rivers State, Mr Austine Orlu-Orlu (middle), commissioning SEEFOR project buses in Port Harcourt last Monday. With him are SEEFOR officials Photo: Obina Prince Dele
Business operators at the
Port Harcourt International Airport (PHIA), Omagwa have been counting their losses following a sharp decline in the number of air travellers and their patronage.
Some of the operators who spoke to The Tide Aviation Correspondent within the week lamented low patronage occasioned by reduction in air travel particularly on Abuja and other routes.
A Manager of Genesis Fast Food located conspicuously at the airport who would rather remain anonymous said their business operation had witnessed low customer patronage since the postponement of the scheduled election by six weeks.
He noted that the ever busy outfit can now count the number of persons that access their premises and patronize them, describing the period as unfriendly business time.
The manager, said the high rent paid to the airport authority would be difficult to meet up, if the situation continues but expressed the hope that things would change after the general elections.
Another Food vendor popularly called Kalabari Kitchens said the reduction in patronage has resulted in keen competition among them and hopes that the scenario would not continue for too long.
A car hire service provider Mr. Stephen collaborated the views expressed by others when he said “there is no business, business is not moving again since they announced the postponement of the elections.
“Many of our customers who are politicians are busy campaigning for the elections, movement has reduced drastically because they want to win in their various wards and local government areas”, he said.
A staff of the Federal Airports Authority of Nigeria (FAAN) attached to the VIP Protocol Lounge recently relocated to a temporary office, said they hardly receive protocol guests and attributed it to the forthcoming elections which had engaged many of the VIP travellers that used the Lounge.
It would be recalled that the airport which used to be a beehive of activities on Mondays, Thursdays and Fridays is now a shadow of itself within the past one month.
Parking space for cars that had been stressful are now begging for cars to park on them, however, this would soon change and the airport would come alive again immediately the elections are over.
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.
