Business
Facebook, CcHUB Move To Expand Start-Ups
Facebook and Co-Creation Hub (CcHUB) say they are partnering to connect start-ups to medium and large corporate organisations.
The companies made this known during the Press Day of Innovation Showcase Week (ISW) 2019 on Wednesday in Lagos.
Speaking during the programme, Chief Executive Officer of CcHUB, Bosun Tijani, said that the firms had organised Innovation Showcase Week (ISW) 2019 for the start-ups.
Tijani said that ISW, which opened between February 27 to March 1, 2019, would unveil the latest transformative technologies that would redefine industries.
He said that the transformative technologies would solve some of the most pressing business and consumer challenges in Nigeria.
According to him, a first of its kind event with over 20 exhibiting technology startups, will showcase the latest technology innovations to some 400 business and industry representatives across two days.
“Innovation Showcase Week, tagged “ISW 2019” is the first technology product showcase exhibition out of the startup support programmes by technology innovation centre – Co-Creation Hub (CcHUB) and global enterprise, Facebook.
“We recognise the urgent need to accelerate innovation support to medium and large corporates who are positioned to secure significant gains for the economy through smart application of technology.
“ISW will close the gap between corporates and startups by being an unprecedented platform where industry leaders can experience and adopt homegrown innovations and solutions first hand.
“Showcasing startups at ISW would unveil their ground-breaking innovations built in Facebook’s deep-technology startup programme – FBStart Accelerator and the CcHUB 2018 Incubation programme,” he said.
Tijani said that the products on display leveraged advanced technologies such as Data Science, Internet of Things, Visual Reality (VR) and Artificial Intelligence (AI).
He said that the products were across eight categories of Healthcare, Agriculture, Mobility, Energy, Education, Safety, Training and Security.
According to him, these solutions proffer break-through advances to business and consumer challenges in Nigeria.
On the ISW 2019 showfloor, exhibiting AI and Security-focused startups are Chiniki Guard, SayPeace, Identity Tech, E-Estates, DeepQuest AI and Insyt demonstrate AI’s promising power.
Other products on display for the Health and Agriculture sectors include Vetsark, Doctoora, Plantheus, TrepLabs, Gricd and Truppr.
Energy and Mobility dedicated areas have Upnepa, Smart Electricity, Hydrolite, Cycles and Lara products on display.
The Virtual reality and Safety Training section showcases immersive solutions from Quadron VR, Kanji Drive and Project Move.
Ms Kendra Nnachi, Facebook Startup and Developer Programmes Manager, said that ISW embodied the innovative spirit that defined the Nigerian startup ecosystem.
Nnachi said that the world was in the age where innovation matter, hence, the need to support and promote innovations.
She urged the start-ups to always develop innovation that stand the taste of time and sustain their livelihoods.
“The products and services launching here by the Facebook and CcHUB supported startups will empower individuals and enterprises to change our world for the better,” Nnachi said.
Business
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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.
