Business
We’re Committed To Making Calabar Port Vibrant — Usman
The Managing Director, Nigerian Ports Authority (NPA), Hadiza Bala Usman says the executive management of the organisation is committed to making the Calabar Port vibrant.
Usman gave the assurance in her remarks during the Calabar Port Management Retreat in Uyo, Akwa Ibom State on Saturday.
She said the NPA had demonstrated its commitment by approving and supporting the retreat which was intended to re-invent Calabar Port for greater efficiency and increased patronage.
“We are committed to the growth of Calabar Port. The critical issue about Calabar Port has to do with the dredging of the channels; the draft needs to be deeper to ensure we attract more vessels.
“We need to jointly work to bring commercial activities into the state,” Usman said.
The Port Manager, Calabar Port, Mrs Olufunmilayo Olotu, in her comments, said that steps had been taken to ensure the port serves the maritime and logistics needs of the 16 northern states of the country, commercial hubs of Onitsha and Aba as well as neighbouring landlocked countries such as Niger and Chad.
She said the essence of the retreat was to come together as critical stakeholders to rub minds and share ideas on happenings in Calabar Port.
Olotu said in spite of the draft limitations, the port had gone into trade initiatives that had attracted vessels which had sailed in from Greece.
She said that the port also recorded the export of cement, which contributed in the establishment of a cement plant in Ghana.
According to her, the port has also been a hub for the supply of crude oil to the north eastern part of the country.
The Port Manager reiterated the commitment of the management of the NPA to bringing alive the eastern ports, especially the Calabar Port, in a bid to decongest the Lagos port.
She expressed hope that the port would soon be dredged to allow bigger vessels use its facilities.
Presenting a paper, Mr Gerald Akporade, the General Manager of ECM terminals, a terminal operator at the port, called on the Federal Government to reintroduce the 30 per cent rebate on ship dues to encourage shippers’ patronage of the port.
According to him, this will also give room for the evacuation of agro products such as cocoa.
Me Charles Obi, the Deputy Comptroller of Customs, said his agency and all other organisations at Calabar port were working to ensure that the port was vibrant and unique in its services and operations.
He appealed to the State and Federal Government to intensify efforts at the provision of adequate and modern ports facilities to meet
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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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