Business
Seafarers Want Better Working Condition
As the Maritime World
Celebrated its seafarers Day last Wednesday, the management of the sub-sector have been called upon to always ensure that welfare of seafarers on board vessels were not compromised.
This was coming on the heels of the recent implementation of the Maritime Labour Convention MLC 2006, which was ratified on June 18, 2014 in Nigeria.
The Tide correspondent in a chat with some seafarers in Port Harcourt on Wednesday gathered that after a seafarer boards a vessel either through a maning agent or shipowner, no one cares about their welfare while on sail.
According to them, some seafarers on board vessel at times behaved funny because when the food or what is supposed to be their welfare package was not sufficient or got finished, they looked for any item or equipment to sell and abandon the boat midway.
They therefore called on the Nigerian Maritime Administration and Safety Agency (NIMASA) to ensure they board a vessel, check the items and even get first hand information from the seafarers on their welfare, before a vessel could be given a go-ahead to sail.
Mr Muna Okilo Seiyefa, a seafarer said there should be improvement on the welfare package for seafarers on board vessel, because most of them do not even know what is due them as sometimes, they were being short changed by the agents.
Seiyefa noted that sometimes, food stuff bought could not sustain the seafarers while on sail, as well as drinking water and of course medical, and appealed to the authorities to redouble their efforts as they marked the Seafarers Day Wednesday, all over the world.
He also called for an extention of their medical documents and others, as two years renewal period is not in the interest of the seafarers.
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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