Business
NPA, C RSG To Check Illegal Structures Around Calabar Port
The Nigerian Ports Authority (NPA) and the Cross River State Government have entered discussion on how to tackle the challenge posed by the proliferation of illegal settlements around the Calabar Port.
The Managing Director of NPA, Mrs Hadiza Usman, disclosed this in an interview with newsmen in Calabar.
Usman expressed concern over the springing up of residential buildings around the port and said that if unchecked, could hamper operations of the port.
“The governor has raised concern over the illegal settlements around the port and he has assured us of his commitment to restraining such settlements from proliferating.
“We have observed that there are settlements that are actually illegal and the state government needs to do something to remove them,” she said.
Usman however lauded the cordial relationship between Calabar port management and the host communities, especially the traditional institutions.
“We appreciate what is being done here. We appreciate the support from the host communities.
“I will single out the Obong of Calabar for his role in ensuring a peaceful relationship with Calabar port management,” she said.
She appealed to the Federal Ministry of Works to expand the federal roads linking Cross River with states in the North East and North Central zones of the country.
The managing director said expansion of the roads had become necessary for easy movement of trucks from the port which she said was expected to be dredged in no distant time.
“We want the relevant authorities to expand the federal roads linking Cross River with other states in the North East and North Central regions.
“This is to enable big trucks carrying cargoes from the port to convey them to these areas.
“We are also working with the Federal Ministry of Transportation to ensure that the coastal rail project is extended to Calabar port so that we can have seamless cargo evacuation.
As we look forward to the dredging of the port, we expect increased volume of vessels coming into the port,” she said.
Usman said that the plan for the dredging of the port was at an advanced stage, adding that as soon the contract was awarded it would be made public.
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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