Business
Wrecks Removal: NIWA Gives 2-Week Ultimatum On PH Waterways
The National Inland Wa
terways Authority (NIWA), Port Harcourt Area office, has issued to two-week ultimatum a owners of identified wrecks within its jurisdiction to remove them or face the wrath of the authority.
The Area Manager of NIWA, Port Harcourt Area Office, Alhaji Abdullahi Dabai, gave the order in a statement made available to The Tide correspondent in Port Harcourt Tuesday
Dabai said the notification became necessary inorder to enable the authority carry out an operation on wreck removal within its inland waterways for safe navigation as well as protect the environment and the ecosystem.
The statement said any one or company that violates this order after the expiration date, the authority would go ahead and remove at the owners cost.
It also stated that after removing the identified wrecks, any one or company that wants to come for claim of ownership would be made to show proof of ownership and pay the cost of removing such wreck.
Some of the identified wrecks were at Naval ship builders at Isaka / NPA Port Harcourt creek, Rumuolumeni / Iwofe creek by Belfaco Jetty, Abuloma Jetty, among others.
NIWA is a specialized federal government agency vested with an exclusive power of management, direction and regulation of all activities within the Inland waterways system in Nigeria and it came into full operation through an Act of the National Assembly, CAP N47 LFN 2004 with a vision.
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.
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