Business
Consultant Tasks FG On Job Creation
A Consultant Psychologist, Prof. Peter Ebigbo, last Saturday, urged the Federal Government to open up the nation’s economy and create more jobs for the youth to reduce crime.
Ebigbo, a Clinical Psychologist at College of Medicine, University of Nigeria, Enugu Campus, made the appeal in a lecture he delivered in Lagos at the 10th anniversary of the Frontline International.
Ebigbo spoke on “Optimal Utilisation of the Potential in the Shipping Sector of Nigeria’s Economy”.
The don commended the ongoing reforms in the shipping sector which, he said, was driving 95 per cent of the Nigerian economy.
He hoped that the reforms would strengthen the sector, develop the economy and provide more employment opportunities.
The don urged the government to compel the Nigerian Maritime Administration and Safety Agency to hasten creation of a large pool of Nigerian seafarers.
He said that this would enable Nigeria to meet local demand for seafarers as well as contribute to the manpower needs of the international shipping community.
Ebigbo said that there was the need to further develop the shipping sector to enable it to compete favourably with those of advanced countries.
He called on the government to improve the nation’s export profile and empower small scale industries as well as provide stable power supply to boost economic growth.
“There is need to apply global standards to shape the future of the maritime industry and adapt global port security best practices to suit Nigeria,’’ Ebigbo said.
The General Secretary of the Shippers Association, Lagos, Mr Jonathan Nicol, said that manmade problems were responsible for the non achievement of the 48 hours cargo clearance in Nigerian ports.
He, however, commended the Ports and Terminal MultiService Ltd. of the Nigeria Customs Service for improved operations.
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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