Business
Indigenous Marine Pilots Demand Payments In Dollar
A group of local marine pilots in the Warri Pilotage District, Delta State, Escravos Ship Pilots Nigeria Limited (ESPNL), says it can no longer receive its payments in the country’s currency. The group is demanding to be paid in the United States dollar.
The group has also lamented the illegal encroachment of navigable Escravos channel by fishermen and other persons claiming such activities constitute safety hazards for navigation.
The ESPNL, in a letter to the Managing Director of the Nigerian Ports Authority (NPA), said it piloted vessels safely from Escravos Bar to the four ports under the Delta Pilot District- Warri, Koko, Sapele and Burutu ports, adding that a monthly Reconciliation Committee with the NPA on harbour’s Master Declaration and pilot sheets be set to determine their dues for payment.
The letter, signed by the Managing Director of the Escravos Ship Pilots Limited, Mr Johnbull Demebi, said that the group can longer continue to receive its payment in naira when their services and transactions are dollar denominated.
Demebi also said the dangerous trends of not having buoys along the Escravos Channel could lead to stoppage of shipping in the district.
Part of the letter reads: ‘‘The second aspect of our appeal relates to the dangerous impediments currently hindering the smooth operations in and around the Escravos Break Water .
“At present, there are no Buoy anywhere around the place and this is dangerous to our assignment as it is a navigational mark that aids our operations by showing or giving advance notice to pilots of reefs and/or other hazards along the navigable channels.
“Without a buoy out job is made more hazardous and we have to rely on our experience at all times which is not infallible as the existence of a buoy along the channel.
“Another challenge has to do with the current shallow nature of the channel, the channel has become so shallow that only a very urgent dredging of same can guarantee the prevention of avoidable incidents of vessels running aground in the channel.
‘‘We ply this route all the time and we have on different occasions expressed our difficult experience in navigation caused by the shallowness of this area of the channel and shall continue to do so by officially bringing this complaint to your knowledge in the belief that urgent steps will be taken to open up the channel and avert any imminent disaster from occurring.
‘‘Thirdly, we wish to report the incessant and illegal encroachment of the Navigable Channel by fishermen and other persons who do not have any lawful authority or licence to make use of the Federal Navigable Water Way.
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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