Business
NAGAFF Appeals To NPA For Cargo Village
The National Association of Government Approved Freight Forwarders (NAGAFF) has appealed to the management of the Nigerian Ports Authority(NPA) to provide a cargo village around the ports for the use of its members.
The Deputy National President of the association, Mr Increase Uche, made the plea in an interview with newsmen in Lagos on Monday.
He said the village was necessary to provide a working shelter for freight forwarders who were always hanging around the ports to transact business because there were no offices for them.
Uche said the village would also stop the indiscriminate parking of vehicles by members around the ports, as the facility would provide them a space to park their vehicles.
“We are appealing to NPA to provide a Cargo Village around the port to enable our members transact their businesses conveniently in a decent place that would also enable us to park our vehicles.
“As of now, our members hang around the ports because we do not have free access to the ports.
“We believe we are critical in the maritime trade and that we operate more conveniently in an organised place, “ he said.
Uche urged the NPA to interact more closely with freight forwarders on their business challenges and how the maritime trade could be improved.
He urged the NPA to resuscitate the defunct” Ports Stakeholders‘ Forum” in order to achieve greater synergy among the critical stakeholders in the maritime industry.
The deputy national president commended the Managing Director of NPA, Ms Hadiza Usman, for her interventionist strides since she became the Head at NPA, pledging the support of NAGAFF for her to record even more achievements.
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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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