Business
NSC New Co-ordinator Assumes Office
A new zonal co-orinator
for the Nigeria Shippers’ Council (NSC), South-South Zone has been appointed.
He is a Deputy Director with the Council, Mr Phillip Eduwa, who took over from Mr Maurice Effanga, who had since been redeployed to the Lagos office.
Until his redeployment, Eduwa was in charge of the Warri Port of the Nigeria Shippers’ Council.
A source said that the new zonal co-ordinator of NSC had also worked in several departments of the council, including the Cargo Defence Fund and Commercial Shipping Department.
The source further said that the appointment was part of the council’s strategies to strengthen the operations of the council in the zone, and re-strategise its new role as the ports economic operators in the country.
Eduwa had since assumed duty in his new office as the Zonal Co-ordinator, South-South of the Council which has members from Rivers and Bayelsa States.
Meanwhile, the immediate past co-ordinator of the council in the South-South, Mr Effanga has been commended for his efforts in repositioning the outfit to face the changes in the area.
Some members of the council in the zone who spoke to our correspondent said he was a technocrat who used his wealth of experience to bear in moving the council forward, and also pledged their unalloyed support.
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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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