Business
ANLCA Sues For Uniformity In Freight Charges
The Chairman, Board of Trustees of the Association of Nigerian Licensed Customs Agents (ANLCA), Chief Henry Njoku has called on the federal government to evolve a method of charges that will be uniform across board in all the ports in Nigeria, in order to create atmosphere for healthy competition in the nation’s ports.
Chief Njoku, who made the call while speaking to maritime journalists in Port Harcourt, said one of the major problems that the Eastern ports face is the discriminatory pricing and subsidised labour cost.
He said “It is my honest view that for the Eastern port to perform more effectively, serious consideration should be given to uniform freight charges” just as the issue of privatisation.
The ANLCA chairman cautioned against port privatisation insisting that if any, it should be done in such a way that it would not create a cabal that will hold the sector to ransom.
He said in event of total privatization, a joint venture agreement could be worked out with the private sector with full operational responsibility, while government is left with the responsibilities of providing conducive operational environment, such as basic infrastructure, guarantee for loan, tax relief initial take-off grant and security.
According to him, the private sector should provide the much needed technical support, equity participation and managerial expertise.
It was also the view of Chief Njoku that cement plant in Port Harcourt Port should be relocated to the end of the wharf. The move, he said, will allow free flow of vessel carrying other goods like fish, rice and containers easy access.
He told government to rise to the challenge of maritime security in other to restore the confidence of key players, adding that the Koko and Sapele ports can be made more functional as fishing and oil product ports respectively.
The ANLCA chairman, however, recommended a total onslaught against corruption in all facets of the economy, saying that corruption is the bane of national development. He said all hands should be on deck so as to meet the 48-hours cargo clearing.
He also solicited for a harmonious working relationship between the various units in the industry, adding that unholy rivalry and gross insubordination can not promote the growth of the sector.
Chief Njoku was hopeful that the Eastern ports activities would pick-up like other ports across the nation and condemned the low business activities in the Eastern ports.
He encouraged ports operators to empower youths of host communities, as well as develop such communities.
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.
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