Business
NPA Honours 321employees
Managing Director of Nigerian Ports Authority (NPA), Malam Habib Abdullahi, said that the management was committed to the welfare of its workers.
Abdullahi said at the 2011 Long Service Award Dinner for 321 employees of the authority that the award would help boost the morale of staff.
“I promise to organise long service award every three years to boost the morale of the workforce and increase their productivity,’ he said.
According to him, the long service award is an age-long practice of rewarding employees who have excelled and served long years in NPA.
“This ceremony is just a token of management’s appreciation of employees for their meritorious service to the organisation.
“The ceremony is meant for employees, who have served between 30 and 34 years as the budget for 2012 could accommodate,” Abdullahi said.
In his speech, the Executive Director, Finance and Administration, Mr Olumide Oduntan, said hard work earned the staff the honour.
“ I dare say that your work has earned you great honour today. “ Permit me to refer to you as our elders in NPA, not just because of the number of years you have spent but more because your selfless service has helped build the organisation ,’’ Oduntan said. He said that the award recipients had laid a solid foundation which the younger generation of workers would build upon.
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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