Business
Maritime Truck Owners Seek Minister’s Assistance On Truck Terminal
The Association of Maritime Truck Owners (AMATO) has urged the Minister of Transport, Alhaji Yusuf Suleiman, to assist it in completing its modern trucks terminal.
Chief Remi Ogungbemi, President of the association, made the plea in a statement in Lagos on Friday.
Ogungbemi said the truck operators had commenced the construction work on the terminal in Ilu-Eri in Ijora, Lagos State.
He said the project was capital intensive, hence the need for the transport minister to lend his helping hand toward its completion.
“As movers of sea ports, we have recognised the fact that no government in the whole world can provide all the amenities and infrastructure needed by the citizens.
“We on our part have decided to develop and build a modern trucks terminal. Discussion has reached an advanced stage with the relevant authorities.
“This modern trucks terminal when fully completed and commissioned will accommodate 2,000 or more trucks,’’ he said.
“Our plea is that you should use your good offices to assist us in realising our dream of constructing a befitting modern terminal,” Ogungbe said.
According to him, this will help to ease the traffic jams and gridlocks being experienced in all the ports’ access roads and its environs.
Ogungbemi said the genesis of the traffic jams and gridlock was traceable to the era before port concession.
“The concession arrangement compounded the problem which necessitated parking of trucks at places considered to be unauthorised,” he said.
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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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