Business
Maritime Industry, Admiralty Law, Key To Dev – CJN
The Chief Justice of the Federation, Justice Aloysius Katsina-Alu, said the development of the maritime industry and admiralty law were key ingredients to the development of a nation.
The chief justice made the remark in Abuja on Tuesday at the opening of the 11th Maritime Seminar for Judges, where he was represented by Justice Dahiru Musdapher of the Supreme Court.
Katsina-Alu said that for a sustainable maritime industry worldwide, there was a need for Nigeria and other maritime nations to collaborate in order to encourage research and creditably adapt to new challenges.
He, however, acknowledged the immense contributions of the seminar to the development of jurisprudence in admiralty law and the development of the judiciary as a whole.
“The seminar series have helped in expanding and updating the knowledge of the judicial officers in this special area of the law.
“This makes adjudication of admiralty matters brought before the courts both at the trial stage and appellate level much less cumbersome,” Katsina-Alu said.
He expressed happiness over the growth maritime law, which he said, had witnessed gradual improvement in its development as a specialised area of law.
The chief justice said the maritime industry was a cornerstone of transportation in international commerce and stressed the need to address the problems facing the industry.
Katsina-Alu urged all stakeholders and participants to take active part in the seminar as critical issues relating to their various fields would be discussed.
In his address, retired Justice Umaru Eri, the Administrator of National Judicial Institute (NJI), said the seminar was predicated on the need to ensure that judicial officers were charged with sacred duties of dispensing justice.
He said the judicial officers should be vibrant in their knowledge of the law and should be kept abreast of developments in maritime law.
According to Eri, admiralty law and maritime practice play key roles to the development of the national economy and advancement of international trade.
He said that the collaboration had made it possible for Nigerian universities, especially in the faculties of law, to offer admiralty or shipping law as part of their curricula at undergraduate and postgraduate levels.
“In order to ensure positive impact of the maritime seminar series on the development of the economy, there should be a greater emphasis on practical rather than theoretical issues,” Eri said.
The administrator said it was essential for heads of courts and judges of the state courts to participate in the maritime seminar series rather than restricting the seminar to the High Court Judges, Appeal and Supreme Court Justices.
Eri called on participants to take active part in discussing and the brainstorming on various issues relating to the development of the law and practices in the maritime industry.
Reports say that the seminar series, which started in 1995, was jointly organised by the Nigerian Shipper’s Council (NSC) and the National Judicial Institute (NJI).
NAN also reports that not less than 200 participants are attending the three-day seminar including Justices of the Supreme Court and Appeal Court as well as High Court Judges and the Chief of Army Staff, among others.
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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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