Business
Freight Forwarders, Port Operators Partner On Efficient Services
Freight forwarders in
the country have resolved to collaborate with APM Terminals Apapa Limited (APMI) to ensure efficient port operations.
The freight forwarders under the aegis of the National Association of Government Approved Freight Forwarders (NAGAFF) said they would go into strategic partnership with the APMT towards entrenching better ports operations for the enhancement of International trade in the country.
The freight forwarders stated this at the end of a facility tour of the terminal in Apapa, Lagos led by their leader, Mr Boniface Aniebonam.
Aniebonam told APMT management that NAGAFF came on the visit as part of the association’s agenda to established corporate relationship with other major stakeholders in the sector.
He said the visit was part of its mandate to help in enhancing activities at the terminals to the benefit of stakeholders including terminal operators, importers and freight forwarders.
The leader informed APMT management that NAGAFF was aware of the various challenges in the business climate in Nigeria and promised to use the association’s many channels of communication to push these issues to the attention of those in authority with a view to redressing the situation.
Aniebonam reiterated that in every dispute, dialogue, consultations and communication should be deployed in resolving all issues.
He, therefore, faulted the last strike action that brought hardship and loss of revenue to Nigeria, describing it as an avoidable situation and enjoined Nigerians doing business at the terminals to help the operators by complying with due process while the operators should also create customer-friendly environment for enhanced operations to the benefit of all.
Appreciating the concept of paperless shipping, Mr Aniebonam stressed the need for the provision of shelter for freight agents and the establishment of a Customer Relations Department to bridge the gap between the company and the general public.
On his part, the Chief commercial officer, APMT Apapa, Mr Neil Fletcher said his company was impressed with the roles being played by NAGAFF as a stabilising factor in the industry.
Mr Fletcher who later conducted the NAGAFF delegation round the terminal in a trip that took them to the container shed, truck park, the rakings as well as the new office block among others.
He disclosed that his company had invested about $330 million in developing, upgrading and modernising its terminal, making it the largest and busiest container terminal in West Africa.
According to him, towards facilitating operations at terminal, the company will take delivery of additional four RTG cranes to bring to 14, the total number in its fleet, to increase the terminal average berth productivity at 17 movies per hour.
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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