Business
Ahead Int’l Trade Fair: FOSSCCIMA To Improve Facilities At Boro Park
The leadership of the
Forum of South-South Chamber of Industry, Mines and Agriculture (FOSSCCIMA) has assured that all necessary arrangements were being made towards providing state of the art facilities at the Isaac Boro Park, Venue of the maiden edition of FOSSCIMA International Trade Fair in Port Harcourt.
The President of FOSSCIMA, Billy Harry, who gave this assurance recently in Port Harcourt explained that Boro Park, inspite of the absence of the amenities, had hosted a lot of International Trade Fairs in the past and would remain one of the best venues because of its strategic position.
“Apart from providing State –of-the Art tents, there would be water, toilet,” he said, adding that superb security arrangements were also being made to ensure that the fair received the best standard attention obtainable anywhere.
It would be recalled that the Port Harcourt Chamber of Comerce, Industry, Mines and Agriculture (PHCCIMA) moved the venue of its last trade fair to the Liberation Staduim instead of its usual venue, the Boro Park.
Organisers of the fair said the shift in venue was because of the absence of modern facilities of Boro Park compared to what obtains at Liberation Stadium.
However, some social commentators are still of the opinion that Boro Park remains the better option considering its central position at the heart of the city.
Chris Oluoh
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.
