Business
Npa Boss Assures On Waterways Security
The Managing Director,
Nigerian Ports Authority (NPA), Ms Hadiza Usman, has said that the management will improve on the existing security arrangements with the Nigerian Navy and other stakeholders in the maritime subsector.
According to a statement by the General Manager, Public Affairs, Chief Michael Ajayi on Saturday in Lagos, the managing director said that securing the nation’s waterways will impact positively on revenue generation.
Usman received the Flag Officer Commanding (FOC), Western Naval Command of the Nigerian Navy, Rear Admiral Ferguson Bobai, and other senior officers on a working visit to the NPA Corporate Headquarters, Marina, Lagos.
She called for effective monitoring of vessels vis-a-vis improved operational efficiency.
According to her, the NPA would ensure that the enhanced relationship with the Navy is sustained through information sharing.
Usman spoke on the berthing space for Naval ships anchored in the jetties and the on-going repairs therein.
She informed the Naval team that the management of NPA would work toward granting the Navy a temporary berthing space, pending the rehabilitation of its facilities.
Usman urged the Naval Authorities to immediately reconvene the committee set up to facilitate the Dredging at the Tarkwa Bay Turning Base and proceed with the implementation of the earlier recommendations and positions as agreed.
She promised that the NPA management would financially support the project via budgetary provision and allocation in the next fiscal year.
The Management Director called for maximum use of the Command, Control, Communication and Intelligence (CCCI) of both organisations through the swift deployment of its personnel aimed at collaborating on information sharing toward operational security.
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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