Business
PHCCIMA Partners ESI On Child Development
The Port Harcourt Chamber of Commerce, Industry, Mines and Agriculture (PHCCIMA), has inaugurated an eight-member committee to partner the Empowerment Support Initiative (ESI) in the empowerment of the less privileged in the society, especially children.
Inaugurating the committee Friday in Port Harcourt, PHCCIMA President, Vincent Furo charged the members to meet regularly and make proposals for fund-raising in order to achieve their objectives.
Furo also tasked members of the committee to collaborate with firms under PHCCIMA umbrella and the organised private sector on securing skills mentoring placements for youths in the state.
He urged them to undertake visitations to ESI establishments with a view to knowing its needs and assessing dividends of the partnership.
The essence of the collaboration, Furo said, was to promote the commendable programmes of ESI with private sector support.
Earlier, the Executive Director of ESI, Nowa Omoregbe had said that ESI was a Non-Governmental Organisation set up on 16th of October 2008 by Dame Judith Amaechi wife of the Rivers State governor, Rt Hon Chibuike Amaechi.
Assuring that it was non-political and designed to out live the current and subsequent governments in the state, Omoregbe said ESI was aimed at providing strategic partnership with the “down-trodden and less-privileged in society, using templates to ensure standard and quality”.
In his speech the Chairman of the Committee, Engr. Emeka Unachukwu who is Head of the Committee assured that the committee would commence work immediately, saying that in the next two weeks, it hopes to launch the “Adopt a Child”, scheme.
Unachukwu who is the 1st Vice President of PHCCIMA explained that the body entered into the partnership after being convinced that a proposal presented to it at an earlier meeting with ESI was well thought out and focused and would enable PHCCIMA members give something back to society.
He refuted suggestions from the media that PHCCIMA’s interest was kindled because ESI was the baby of the governor’s wife.
Other members of the committee were Stella Agada, Dandison Gbufo, Felix O. Felix and Erasmus Chukunda.
The rest are Larry Azubuike, Akanibo Clement and Sandra Enojo.
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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.
