Business
Lagos Port Access Roads Get Facelift
The Managing Director of Nigerian Ports Authority (NPA), Alhaji Omar Suleiman, has said that the Federal Government has approved contracts for the rehabilitation of all roads within the Lagos ports.
Suleiman disclosed this while conducting newsmen around the ports on Wednesday.
He said that the contract for the road linking Tin-Can Island Port with the Ports and Terminal Multi-Services Limited would cost N526 million.
The NPA chief executive said that the rehabilitation of the 3.1-kilometre road would be completed in 19 weeks and that the project would be executed in phases to prevent congestion.
He said that the rehabilitation of the Kirikiri phases 1 and 2 access roads had also been awarded and would take 18 weeks to complete.
The managing director said the rehabilitation of the access road from Apapa to Lilypond Inland Container Terminal had also been awarded to PW Construction.
Suleiman said that the work would commence within three weeks and would be completed in six weeks.
He said that the access road from Bull Nose Apapa port to the port main gate had become an embarrassment to the NPA management.
The managing director said the 835-metre Honeywell access road, which also served a lot of industries around the Tin-Can Island port, was completed at a cost of N611 million in less than a year.
He said NPA had also completed the installation of solar street lights from the Apapa Port exit gate to a reasonable distance on Creek Road to provide visibility at night.
Suleiman said that the street light project, which started in January, was completed at a cost of N44m.
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
-
Politics4 days agoEFCC Alleges Blackmail Plot By Opposition Politicians
-
Business4 days ago
AFAN Unveils Plans To Boost Food Production In 2026
-
Sports4 days agoJ And T Dynasty Set To Move Players To Europe
-
Business4 days ago
Industrialism, Agriculture To End Food Imports, ex-AfDB Adviser Tells FG
-
Politics4 days ago
Datti Baba-Ahmed Reaffirms Loyalty To LP, Forecloses Joining ADC
-
Politics4 days ago
Bayelsa APC Endorses Tinubu For Second Term
-
Business4 days ago
Cashew Industry Can Generate $10bn Annually- Association
-
Entertainment4 days agoAdekunle Gold, Simi Welcome Twin Babies
