Business
Boat Operators Want Reinforced Security Along Creeks
The waterways and creeks within the Kalabari axis of Rivers State are now safe, but still need gun boats to patrol the area to further secure lives and property of boat operators and their passengers.
The vice chairman of Abonnema Wharf – Bakana Boat Drivers Association, Mr. Tubonemi Davies stated these in an interview with The Tide correspondent at Abonnema Wharf yesterday.
According to him, although it was dangerous and risky plying those routes, normalcy has returned following the presence of security personnel at Bakana Jetty.
He said gunboats stationed at the waterways during the recent council election at Degema helped noting that soon after the elections, they disappeared.
He appealed to the authorities to further strengthen security at the Kalabari waterways to curb sea piracy that have been rampaging the area.
Davies said in spite of the risk taken by boat drivers, there was no increase in fares from Port Harcourt to Bakana, as they still collect N250.00 only, and even provide life vests to their passengers in case of emergency.
Efforts by The Tide correspondent to know what effort the Marine Police Division is making to this effect proved abortive, as the correspondent was directed by a senior police officer to obtain clearance from the Commissioner of Police, Mr. Suleiman Abba or the Police PRO, Ben Onyegbulem before they could speak to the press on such issue .
Collins Barasimeye
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.
