Business
NPA To Retire 20GMs, Others
There are indications that at least 20 General Managers and Assistant General Managers, are being penciled down for retirement in what is seen as the biggest purge in Nigerian Ports Authority (NPA) in recent times.
Similarly, more than a dozen other senior staff will be affected in the exercise, which is described as routine”.
The Tide gathered that the exercise is to elevate workers who have remained in one position without promotion for years, adding that the plan is to retire officers who have attained the retirement age of 60 years or spent 35 years in service.
Some of the effected General Managers who had not gone on leave for several years had been forced to proceed on compulsory leave over accumulated leave.
It was also gathered that those in this category may not return to their positions as they might be served retirement letters before the end of their leave.
The Tide also learnt that apart from the General Managers, there are also other Assistant General Managers, principal managers and managers who might also be affected in the retirement exercise.
A source at the NPA headquarters, Marina Lagos, confided in our correspondent that the retirement exercise is seen as the only way to create chances to promote others to new positions.
Attempts by our correspondent to speak with some Assistant General Managers however proved abortive as they declined to comment.
At the time of filling this report, the Assistant General Manager, Public Affairs, Mr. Musa IIIiya, could not be reached for confirmation.
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.
