Business
Maritime Operators Seek Improved Seafarers’ Training
The need to improve on the quality of training for Nigerian seamen has been emphasised, as Nigeria joined the rest of the word to celebrate the United Nations (UN) Day of the Seafarer.
Stakeholders who made their remarks at the event in Port Harcourt, during the week, harped on the need for government and the private sector to form a synergy considering the contribution of seafarers to global economy.
According to the Managing Director of Solem Maritime Services Limited, Segun Iloju, the marking of the day in Nigeria is to further focus attention on the need to accord priority to the training of seafarers in Nigeria and provide them quality jobs, in order to reduce capital flight.
Iloju who is also a retired Naval Officer, said that Nigeria is losing several billions of dollars yearly due to the domination of the nation’s coastal trade by foreigners. Theme of the maiden edition of the UN Day of the Seafarer celebration ‘Go to Sea, a Lifetime Opportunity’ is unique here in Nigeria considering the fact that our country is import dependent.
“Seafarers, no doubt, make significant contributions to the growth and development of any country’s economy, no wonder Philippines and India have long ago identified this and have continued to churn out a large number of seafarers that are spread all over the globe” he said.
It will be recalled that the former Managing Director of the Nigerian Ports Authority Chief Adebayo Sarumi in his remarks in Lagos, said the decision by the United Nations through the International Maritime Organisation (IMO) to celebrate seafarers on yearly basis is highly commendable due to their immense contributions to world trade and peace.
He said that despite insinuations that Nigeria as a nation has nothing to celebrate in seafaring; Nigeria has a lot to celebrate when one considers the age of Nigeria as an independent nation. He lamented that the training of seafarers in Nigeria has dwindled after the demise of the Nigerian National Shipping Line (NNSL).
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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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