Business
NPA To Allow Food Vendors Back Into Lagos Port
The Ports Manager, Lagos Port Complex (LPC) Mr Nasir Mohammed said food vendors would be allowed back into the port after a dislodgement exercise to rid the premises of unwanted businesses.
Mohammed, who disclosed this in an interview with The Tide on recently in Lagos, said the decision was to make life more comfortably for port users and workers.
He said this followed a meeting with officials of customs, police and other service providers at the port who requested that few food vendors be allowed back.
According to him, a committee has been set up to decide the choice of food canteen operators that will be allowed back.
He also disclosed that the Health and Safety department would be a part of the exercise to ensure proper adherence to food safety regulations.
The Manager said the food canteen operators would, however, be required to pay a levy because they will use the NPA’s amenities like electricity, water and waste disposal facilities.
“The few of the food business owners, who will now operate inside the port after the dislodgement of squatters from the port, will have to pay some money to the NPA.
“This is simply because they make use of electricity, water and waste disposal services provided by the NPA.
“They are here for business and should be able to part with the little they will be required to pay,” Mohammed said.
LPC had embarked on a cleaning exercise of the port, to send away operators of small businesses such as food vending, without proper authorization by the NPA.
It, however, agreed after a meeting with some government agencies like the Police and the Nigeria Customs Service, that some of the food canteen operators could remain in the port, but with proper authorisation.
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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