Business
Association Decries Illegal Charges At Ports
The Association of Registered Freight Forwarders of Nigeria (AREFFN) has identified excessive and unapproved charges by shipping lines as major challenges militating against the operations of the body.
Others include, delay in the delivery of cargoes, lack of necessary work equipment, print of exit and delay in debit notes by shipping companies.
Speaking to The Tide on Tuesday in Port Harcourt, a member of the group, Iweka Onumajuru, said that the body is working with other groups to surmount the problems, saying that it is necessary for the association to come together to solve the problems rather than work separately.
Onumajuru who is also the chief executive officer of a shipping, clearing and forwarding agency, decried the biometric registration of agents by the leadership of the Association of National Licensed Custom Agents (ANCLA), noting that such exercise is the exclusive reserve of the Council for Registration of Freight Forwarders of Nigeria (CRFFN).
He said “the issue of biometric identity card registration has generated tension in the maritime industry. ANCLA is using biometric registration to intimidate other associations. It is instilling fears into freight forwarders by telling them that without biometric identity cards they can not access the ports. That is why people are rushing to register with them. Let the truth be told, without ANCLA biometric identity card one can do business in the ports,” he assured.
He disclosed that AREFFN had concluded arrangements to register its members through biometric system, but after meeting with the leadership of other freight forwarding associations, decided against it since it will be an exercise in futility. He said that it is CRFFN that has the sole responsibility of registering its members biometrically.
According to him, “every association has members that are licensed by customs and every custom area has freight forwarders who use one licence or the other belonging to members of these various association. So, biometric registeration should be left for CRFFN who, after induction of its registered members, should give them the identity card.”
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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