Business
NIMASA To Ensure High Standards Of Vessels
The Director-General, Nigerian Maritime Administration and Safety Agency, (NIMASA) Dr Dakuku Peterside, said the agency would ensure high standards of vessels and oil platforms operating within the nation’s territorial waters.
A statement by the Head, Public Relations of the agency, Hajia Lami Tumaka, yesterday in Lagos noted that Peterside explained that the standardisation of vessels was in line with the Safety of Life at Sea Convention (SOLAS ’74).
Peterside was speaking with officials of the American Bureau of Shipping (ABS) Asia Pacific Region led by its president and Chief Operating Officer, Mr. Derek Novak in Singapore.
The director-general said that Nigeria could not be a dumping ground for substandard vessels.
He solicited the support and cooperation of classification societies such as ABS to establish and maintain high technical standards for construction and maintenance of vessels and other maritime structures.
Peterside said that the maritime sector as the facilitator of the nation’s economy was growing at a rapid rate, adding that the sector needed all the support it could get.
He advocated regular ship survey to ensure compliance with set standards and assured the delegation that it was one of the priorities of the new administration in NIMASA.
Novak said that ABS had been working with Nigeria for a long time, adding that the Bureau would continue to maintain the high standards for which the ABS was known.
He promised to work with NIMASA in order for the agency to benefit from some of the training opportunities offered by ABS.
Novak said that Nigeria “is properly positioned to emerge as the shipping power house of West and Central Africa if it puts its house in order and build on its infrastructure and human capacity.”
He described Singapore as a great maritime nation with which Nigeria should seek closer ties.
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.
