Business
FG Urged To Establish Maritime Varsity
Corlins Walter
A maritime operator in the Eastern Ports, Kingsley Iheanacho, has called on the Federal Government of Nigeria to either upgrade the Maritime Academy, Oron in Akwa-Ibom state to a university, or establish a university, for the maritime sector.
Mr. Iheanacho, who spoke to the press in Port Harcourt said there is a dearth of technical and managerial manpower in the maritime industry, and that a conscious effort must be made by government and other stakeholders to address the problem.
He said, “There is no reason why Nigeria should not have a Maritime University or even upgrade the Maritime Academy Oron to a university status that can offer courses in diverse areas of study for the interested individuals and corporate organisations”.
Apart from the need to establish a maritime university, he said there was need for adequate funding to finance facilities and infrastructures, adding that, the Organised Private Sector (OPS) should equally show support to the project.
Iheanacho, who is also the General Manager of one of the Concessionaires and terminal operators in Calabar Port; the ECM terminals Calabar, further explained that some of the challenges facing the Private Terminal Operators include dilapidated and unserviceable infrastructure like roads and electricity.
He said that many of the terminals in the country are battling with increased occurrence of accidents and damage of infrastructure and reduction in cargo volume due to poor state of access and linkage roads.
Electricity and access to public power supply, he said, has been one of the major problems affecting terminal operators, despite the provision of same in the concession agreement.
Consequently, he said the terminal has incurred huge loses on overhead and running expenses in terms of alternative sources of power generation.
Another area of problem to private port operators is inadequate upgrade of terminal facilities to cope with advancement in technology. He suggested that attention should be paid on changing ship technology on Nigerian ports, like cargo handling features and requirement as well as ship type specialization and equipment among others.
The ECM terminal boss noted that since ship technology changes, there was the need for the terminal receiving such ship to upgrade its facilities and retain staff accordingly.
Iheanacho also made case for government to address all areas in the ports which would enhance efficient handling of operations as well as have multiplier effect to the economy.
The areas he pointed out for further concessioning include the towage services (Pilot Cutter, mooring boats and tugboats) and maintenance dredging, lighthouse, licensing of pilots.
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.
Business
AFAN Unveils Plans To Boost Food Production In 2026
-
Sports1 day agoTinubu Lauds Super Eagles’ after AFCON bronze triumph
-
Sports1 day agoFulham Manager Eager To Receive Iwobi, Others
-
Sports1 day agoAFCON: Lookman gives Nigeria third place
-
Editorial1 day agoBeyond Accessing Bonny By Road
-
News1 day agoSERAP Sues Govs, FCT Minister Over Security Vote Spending
-
Niger Delta1 day agoINC Polls: Ogoriba Pledges To Continuously Stand For N’Delta Rights … Picks Presidential Form
-
Sports1 day ago“Mikel’s Influence Prevent Some Players Invitation To S’Eagles Camp”
-
Sports1 day agoMan of The Match award Excites Nwabali
