Business
NIMASA To Engage More Cadets
The Nigerian Maritime
Administration and Safety Agency (NIMASA) has recently said it would engage more cadets on ”seatime” training.
Capt. Sunday Umoren, Deputy Director, Seafarers Standard Training and Certification in NIMASA, made the disclosure in an interview with The Tide Source in Lagos.
Umoren said the agency was working on an arrangement with some foreign training vessel owners to engage more cadets in seatime training.
“We don’t really have too many foreign-going ships for the cadets to be posted to for the sake of having enhanced on training- the practical phase of their training.
“I can assure you that the Director-General of the Nigerian Maritime Administration and Safety Agency.
“Mr Patrick Ziakede Akpobolokemi is doing his best to ensure that that aspect is taking care of.
“He is working on it tirelessly and hopefully, in less than no time we would all see the positive results of his efforts.
“Few months ago, we had the first graduands from the Arab Maritime Transport Academy that have passed out as watchkeeping officers.
“That Seaboarding is part of the training programme.”
He said that the director- general was making efforts to engage all cadets that passed through NIMASA’s-accredited maritime institutions in seatime training.
Umoren said that the problem of seafarers’ joblessness was being addressed under the Cabotage Act which stated that every foreign vessel working in Nigeria waters should engage Nigerian seafarers.
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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.
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