Business
Customs Agents Caution On Lilypond
The Association of
Nigerian Licensed Customs Agents (ANLCA) last Thursday urged APM Terminals, Apapa not to use Lilypond Container Depot, Ijora, Lagos, as a permanent dumping ground for containers.
The Chairman of ANLCA Lilypond Capter, Prince Chuks Njemanze, said in Lagos that the plan would cripple business activities at the depot.
The management of APM Terminals plans to use the depot as a drop off location for empty containers in an effort to ease the gridlock on Apapa roads.
Njemanze said that the association would only allow such a situation if it would be temporary.
According to him, the association will resist the plan if it will be on a permanent basis.
“In fact, the management of APM Terminals should also endeavour to bring imports to the depot to create jobs instead of making it a permanent dumping ground.
“We are not agitating against bringing empty containers to the depot. What we will not tolerate is making it a permanent depot for empty containers.
“We also appeal that imports should be brought into the depot to give jobs to the agents because the depot also generates revenue for the government,’’ Njemanze said.
He noted that since the concession of the depot by the government as a dry port in 2006, customs and clearing agents had been working to sustain it.
He added that the lull in business at the depot was because about 600 containers at the depot were under importation fast-track.
Report say that container fast-track is a process where containers are taken from the port to the company that imported them for easy clearance and decongestion of the port.
Njemanze said that because majority of the containers were being fast-tracked, clearing agents at the depot were idle.
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.
