Business
NIMASA To Auction Floating Dock, Barges In Sapele Port
The Director-General, Ni
gerian Maritime Administration and Safety Agency (NIMASA), Dr Dakuku Peterside, said the management had placed a notice to auction a floating dock and three barges disturbing navigation in Sapele port.
Peterside made the disclosure on Tuesday during a tour of some of the agency’s facilities in Sapele in Delta, by the management of NIMASA.
He said that though the floating dock and the three barges did not belong to NIMASA, the agency had been maintaining the barges and floating dock since 2006.
“NIMASA has placed many notices to get owners of the floating dock and barges to move them but no single response from anybody and the environment also contained scraped containers.
“By next week, the management will meet and come up with a quick solution to stop the environmental challenges in Sapele area,” Peterside said.
He said that, “The population of the NIMASA workforce in Sapele port is small and intends to boost the workforce.”
The NIMASA boss said that the management would ensure that members of staff of NIMASA in Sapele, work effectively for the agency to be on top of its core functions.
He said that Cabotage had become a priority to the agency because of its wider potential in creating employment for Nigerians.
Peterside stressed the need to engage youths to work in Cabotage vessels.
He said that it was important to derive more benefits from Cabotage law, adding that Nigeria was the first country in Africa to start Cabotage law.
“We will continue the drive to be the leader in Africa and for NIMASA, enforcement is non-negotiable.
“Because it is only from enforcement, one can derive the full benefits of Cabotage,” he said.
The Zonal Coordinator, Central Zone of NIMASA in Warri, Capt. Kunle Olayiwola, decried lack of working tools which was affecting the operations of NIMASA’s office in Sapele.
Olayiwola said that the office only worked with a Hilux vehicle which had been vandalised, adding that there were no adequate equipment and ICT tools to work with.
“We have many vandalised containers in this Naval base in Sapele.
“There are 350 pipes which are still good for use and many vandalised trucks at the water front.
“The depth of the water is about eight to nine metres; and a barge can carry about 2,600 tonnes of cargoes.
“The floating dock and barges are threats to the environment, ‘Olayiwola said.
He said that though the floating dock had been anchored, “the environment needs urgent attention”.
Olayiwola advised that NIMASA could upgrade the Naval Damage Control School and turned it into one that could award the Standard of Training, Certification and Watch Keeping (STCW) to assist Nigerian seafarers.
The Deputy Commandant, Nigeria Naval Engineering College, Sapele, Capt. Stop Ebe, urged NIMASA to rehabilitate the water front and convert it to a port for a concessionaire to manage, rather than being redundant.
He said that some containers were still locked with some goods in the port.
Mr Wilson Arantan, who manages P KUKU Maritime Service, urged NIMASA to evacuate the floating dock and the three barges to safe lives in the environment.
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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