Business
Port Hawkers Explore Alternative Trading Post
Hawkers at the gate of the Nigerian Ports Authority (NPA), Port Harcourt, who engage in the sale of pilfered commodities from bulk cargo such as rice and frozen fish at the Port Harcourt wharf, have now shifted their trading activities to the entrance of the Nigeria Railway Corporation (NRC) beside Port Harcourt flour mills along Industry Road.
This development, The Tide gathered, followed the eviction of these hawkers otherwise known as “wharf rats” from the premises of NPA by the management of the organisation.
It was gathered that the NPA management became dis-satisfied with the activities of these wharf rats whose stock-in-trade are goods pilfered from cargoes at the wharf, which had been a source of losses to importers; and for which reason such decision had to be taken.
The Tide also gathered that these hawkers were displaced for some time, having no place to carry out their trade, but later regrouped to form a cartel, before finally settling at the Railway axis.
On how they get these commodities from the wharf, The Tide was reliably informed that dockworkers and other job men who off-load cargo from vessels usually in the process hide or steal some bags of rice and cartons of frozen fish, which they later sell to the hawkers who are already waiting at the gate.
Apart from the stolen commodities, it was also gathered that cargo owners also give some as gifts to dockworkers, who later sell them by themselves directly or resell to hawkers at the gate, who are mostly women.
On further investigation, a reliable source from the Public Relations Department of NPA told The Tide that the management was no longer happy with the situation, due to the security concern, and the increasing reports of pilfering of cargo, adding that any where there is fish and rice, rats will always be found, hence, the concept of “wharf rats”.
Corlins Walter
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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