Business
Freight Forwarder Blames Cargo Handling Inefficiency On Terminal Operators
A Freight Forwarder,
Mr Felix Akonani, has blamed terminal operators in Nigerian ports for inefficiencies in cargo handling due to what he described as insufficient equipment and manpower.
Akonani, who disclosed this to The Tide in a chat in Port Harcourt said delay is sometimes noticed even after one had already booked for examination of containers.
He said, “in a situation where only one driver is working having three cranes cannot translate to efficiency, and delays are most times caused when you book container for examination.”
Akonani, who is a member of the National Association of Government Approved Freight Forwarders (NAGAFF) also said that most of the access roads into the ports need to be rehabilitated.
According to him, it is believed that containers fall-off from moving trucks on several occasions because of the many bad portions of roads that provide access routes to the port, and frowned on the continuous neglect of the Alfred Diette-Spiff Road (Industry Road) that leads to the Port Harcourt Port, where huge revenue is generated.
He advised that there is need to get back to the drawing board in order to address all the problems bedeviling the ports sector.
Corlins Walter
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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