Business
Stakeholder Bemoans Delay In Maritime Bills Passage
The delay in the enactment of the various Maritime Bills before the National Assembly has been described as counter-productive.
A Port Harcourt-based Maritime expert, Sir Chuks Anselem, who made the assertion in an interview with The Tide in his office in Port Harcourt on Monday said the delay in the passage of the bills is not in the best interest of the nation’s economy.
Anselem, who is the Chief Executive Officer (CEO) of ANS Consult Nig. Ltd noted that the delay must have been as a result of the members of the National Assembly not being conversant with the importance of the bills, and called for sensitisation.
He reiterated that with President Goodluck Jonathan’s Transformation Agenda on Maritime Sector, such bills need not to be delayed, and called on the Federal Ministry of Transport and the House Committee on Maritime to ensure that the bills were passed for the benefit of all in the marine transport sub-sector.
The Expert also appealed to the National Assembly to expedite action on the passage of all Maritime Bills, because of their importance to the nation’s economy.
On the Customs Pre-Arrival Assessment Report (PAAR), Anselem said despite compliance of operational bottle-necks, it facilitates cargo clearance at the Ports, and noted that it had come to stay.
According to him, since the introduction of PAAR, Customs had been fine tuning the process of its issuance to ensure that trade is facilitated round the clock, and enjoined the authorities to keep up the spirit.
Collins Barasimeye
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.
