Business
Association To Check Indiscriminate Parking On Ports’ Roads
The Association of Maritime Truck Owners (AMATO), says indiscriminate parking of articulated trucks on the roads will soon be a thing of the past.
The National Chairman of AMATO, Chief Remi Ogungbemi, said in Lagos recently that the association had received an offer of a large parcel of land from an investor.
He said that the investor, a concessionaire, planned to change the face of parking of trucks at the ports.
Ogungbemi said that the investor wanted truck owners to relocate their trucks that were being indiscriminately parked around Apapa and Tin-Can Island Ports.
He said that the offer included the provision of 2,000 brand new trucks to be given out to truck owners on hire purchase basis.
“I am delighted, every one of us is happy. It is like a dream, even me, I thought I was dreaming, not until I started sleeping, waking up, thinking; is this how God favours people.
“God has sent a person to come and liberate us out from the shackles and mess and encumbrances that have been militating against the survival and stability of our business.”
Ogungbemi said the association had accepted the offer and signed a Memorandum of Understanding (MoU) with the investor.
He said that the terms and conditions of the offer were mild, but failed to disclose what the investor would benefit from the contract.
Ogungbemi said that the land was already being equipped with facilities for use by truck owners and drivers.
“It is the solution to the problem that we have been having at the ports. This place will provide toilets and bathroom for the drivers.
“ I am also talking to you about a place that will also have a restaurant, where the drivers can eat as many times as they like.
“Very soon the renovation will commence. The contract has been awarded to the people that will carry out the renovation,’’ he said.
The AMATO chairman said that the land would serve as a yard for the truck owners and a warehouse for safekeeping of goods loaded on the trucks, drivers’ lodge and maintenance workshops.
He said that the gesture by the investor would change the face of trucking business in the country and called on all the association members to make the vision a success.
Ogungbemi said that AMATO would collaborate with NARTO, RTEAN and other truckers across the nation to enjoy the facility.
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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