Business
NPA Expects 87 Ships In Lagos
The Nigerian Ports Authority (NPA), on Friday, said it is expecting 87 ships laden with various cargoes to arrive the Lagos ports from February 8 to February 27.
NPA said this in its daily publication, The Shipping Position, made available to newsmen in Lagos.
It said 40 of the ships were laden with containers while four were general cargo. Fifteen contained new and used vehicles.
According to the document, other ships will sail in with bulk salt, bulk wheat, bulk malt, petroleum products, truck heads, rice and steel products.
The document shows that two ships, MV African Joy and MV Khadiza Jahan would berth and discharge bulk wheat and rice at ENL Consortium Terminal and Apapa Bulk Terminal Limited respectively.
It said that 15 other ships laden with diesel, petrol, kerosene, aviation fuel and bulk gas would berth at the various oil terminals in the port.
NPA listed the oil terminals the ships will berth as New Oil Jetty, Single Buoy Mooring, Bulk Oil Plant and Ibafon Terminal, Apapa.
Meanwhile, the Manufacturers Association of Nigeria (MAN), last week, said some of the reforms being implemented at the country’s ports have impacted negatively on their production capabilities.
Chairman of MAN for Kwara and Kogi, Mr Omolola Olabayo, made this known in Ilorin after the customer’s forum organised by Doyin Investments.
“The reforms at the port are giving us problems. Our raw materials are not cleared on time and we pay more money on import duties,” Olobayo said.
She said further the reforms were being implemented unannounced, adding that the association had lodged complaints at appropriate quarters.
“I don’t think from the government policies that are being implemented they really understand what manufacturing companies stand for,’’ she added.
Olobayo urged Nigeria to borrow a leaf from China where manufacturers were granted tax waiver for five years.
“We can’t remain giants as long as we depend on other countries for our needs, especially on manufactured goods.’’
She assured her customers of improved productivity to meet their yearnings.
Business
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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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