Business
Industry Adopts New Safety Policy For Cruise Ship
Cruise lines are now required to conduct passenger safety drills before leaving port, under a rule announced by three cruise industry associations.
The Tide source reports that the new policy is the first to come out of an internal cruise industry review announced last month in response to the Costa Concordia disaster. At least 16 people died and 16 are still missing following the ship’s January 13 collision with rocks close to the shore of the Italian island of Giglio.
Holding muster drills before leaving port goes beyond the existing legal requirement that passengers participate in the safety drills within 24 hours of embarking.
“There are various means of delivering passenger safety instructions and abandon ship instructions, but we believe the existing international requirement that we provide this instruction within 24 hours can be bettered by doing it immediately upon (passenger) boarding,” said Michael Crye, executive vice president of Cruise Lines International Association (CLIA).
CLIA, the largest cruise industry organisation in North America, according to its website, the European Cruise Council and the UK-based Passenger Shipping Association all have adopted the new policy, effective immediately. Passengers who arrive after drills are held will receive prompt individual or group safety briefings.
About 600 of more than 3,000 Concordia passengers had not participated in the muster drill because they got on the ship within hours of the accident.
“The official investigation will make a determination as to whether this briefing would have been helpful in that regard,” Crye said.
The organisations will consider the findings of the official Concordia investigation when they are released and make further recommendations based on those details, Crye said.
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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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