Business
NIMASA Warns Maritime Operators Against Non-remittance Of Dues
Central Zonal Coordinator,
Nigerian Maritime Administration and Safety Agency (NIMASA), Warri, Mr Ibikunle Olayiwola,has warned terminal operators and shipping companies in the zone against non-remittance of maritime dues.
Olayiwola gave the warning during his maiden visit to NIMASA in Oghara, Ethiope East Local Government Area of Delta, on Saturday.
He said any maritime operator that failed to remit such dues and levies promptly to the agency would be sanctioned henceforth.
The coordinator urged the operators to cooperate with NIMASA, with a view to building a healthier maritime sector.
“NIMASA will not tolerate non-compliance with rules on payment of statutory dues and levies by terminal operators and shipping companies within the zone.
“I also want the terminal operators to cooperate with NIMASA to enhance smooth operations on the waterways”, he said.
Responding, Mr Bode Ibisanmi, Depot Manager, Nepal Oil and Gas Services Ltd, Oghara, thanked the NIMASA for the visit.
Ibisanmi said the visit had enabled the company to be aware of its responsibilities and promised that it would carry them out.
“I now know those things required of us, especially as it concerns the remittance of levies and dues as required by law. We will abide by it”, he said.
Earlier, Mr Ali Alpha, Head of Cabotage, Central Zone of NIMASA, enlightened the management of Nepal Oil and Gas on what cabotage entailed. According to him, cabotage is a shipping term used to refer to the domestic carriage of cargoes or passengers within the nation’s territorial waters. Alpha said that cabotage law stipulates that vessels plying Nigerian territorial water must be designed, owned and manned or crewed by Nigerians and registered in Nigeria. Olayiwola, who also visited NIMASA in Sapele, had in November, visited the Nigeria Navy Ship (NNS), and the Nigerian Ports Authority (NPA) in Warri.
He had also visited the Maritime University and the Ship Yard in Okerenkoko/Oporoza, Warri South-West Local Government Area of the state.
Business
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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.
