Business
Stakeholders Seek Enforcement On Sacked Agencies At Ports
Stakeholders in the Maritine Industry have urged the federal government to enforce the recent step taken by the Presidential task force on port reforms by sacking eight agencies from the ports as a way of easing the clustered cargo clearing process.
Some of the stakeholders who applauded the move said it was commendable and asked the Minister of Finance, Ngozi Okonjo-Iweala and the Taskforce to back the move with action, because such pronouncements by government officials in the past ended where it was said, “saying it is one thing to make such a pronouncement but another thing to enforce it. The onus is on Okonjo Iweala and the Taskforce to ensure the directive is carried out”.
They posited that the Minister should not be intimidated by the dubious moves of miscreants in the industry who are bent on subverting any effort to sanitise the port.
Speaking to The Tide in Port Harcourt on Friday, an executive member of the Association of Nigerian Licensed Customs Agents (ANLCA), Linus Ezeani, lauded the decision of government to sack the affected agencies, blaming them for creating bottlenecks in the clearing procedure.
He recalled that customs was formally carrying out the functions of most of these agencies through specialised arms and personnel.
Barrister Kemzi Ikezam, a Maritine Lawyer told The Tide that the directive meets the expectation of maritime lawyers and all other Maritime stakeholders, importers and trade facilitators, noting that the law that facilitates port operations states that the Nigerian police, Immigration, Port Health and Nigerian customs should be in the ports and that other agencies should be invited by the Nigerian Customs during examination when necessary.
The Minister according to him, has permitted two other bodies NIMASA and NPA to be there and of course during the promulgation of the Port Act to sanitise the Ports, NPA as the Landlord was seen to have been granted permission to be there at the ports.
He said NIMASA’s operation is welcomed because the agency collects a certain percentage of FOB of the goods discharged at the ports, as he also applauded the banning of Federal Operation Units (FOU) from the port highways. The FOU, he said, has constituted a very big nuisance in the trade facilitation chain in the port industry and to get them out of the roads of the borders is more than a welcome development.
The agencies authorised to operate in the ports from now include, Nigerian Maritime Administration and Safety Agency (NIMASA), Nigerian Ports Authoriy (NPA), Nigerian Customs Service, Immigrations, Police and Port Health.
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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