Business
C’River To Partner S’ Africa On Hotel Institute
The Cross River Government says it is working with the North West Province of South Africa to establish an International Hotel Institute in Calabar.
Governor Ben Ayade said this yesterday while addressing a delegation from Mafikeng, North West Province of South Africa in Calabar.
The governor said that the establishment of the institute would facilitate the development of the state’s tourism potentials.
Ayade added that an action committee would be set up immediately to ensure that the institute became operational in five months before the Calabar Carnival.
The governor commended the delegation, led by former Nigerian High Commissioner to South Africa, Amb. Uche Ajulu-Okeke, for the partnership.
“I am just taken aback by so much that the South African team could unfold in a short period of just about two days.
“But I think we will be doing a disservice to this state if we do not also compel them to go to Obudu Cattle Ranch. You need to be at the Ranch.
“I am quite excited at all your thoughts and concepts you shared; your fears and concerns about Nigeria have melted away just by your first visit to Nigeria and Calabar.
“I am sure also that the more you stay, the more you fall in love with Cross River State,’’ he said.
He thanked the team for carrying out an in-depth study and analysis of the areas visited and coming out with an elaborate and unambiguous technical report and recommendations.
The leader of South African Technical Team, Uche Ajulu-Okeke, explained that the twin-city agreement was signed during Ayade’s visit to South Africa in February.
During the tour, the team visited the Marina resort, agriculture sites and farms.
The delegation was in the state for a three-day working visit as part of economic cooperation on areas of agriculture, tourism and establishment of an International Hotel Institute.
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.
Business
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