Business
Shippers Association Urges Closure Of Lagos Ports

President, Ijaw Youths Council, (IYC), Mr Udengs Eradiri (left), addressing a news conference in support of the ongoing restructuring of the oil and gas sector, in Yenagoa on Tuesday. With him is the IYC spokesman, Mr Eric Omare.
Shippers’ Association in Lagos State, has called for temporary closure of Tin-Can and Apapa ports until the bad spots on the access roads leading to the ports are repaired.
President of the association, Mr Jonathan Nicol, made the call on Saturday in Lagos in an interview with newsmen.
He said that the bad state of the access roads leading to the two ports was a clear demonstration of insensitivity to the plight of Nigerian shippers (importers and exporters).
He suggested that the two ports should be shut temporarily until the bad spots on the roads are repaired.
He said that shippers had been paying demurrage on trucks and containers as a result of the poor state of the roads.
“The Nigerian Ports Authority needs to respect its pledge to repair the roads.
“This is an SOS (Save Our Soul) call To Whom It May Concern, ’’ Nicol said.
The president said that the APM Terminal in Apapa had a hectic time on Friday as trucks which loaded in the morning could not leave because the roads were blocked.
“Drivers stayed overnight in the terminal and managed to exit the port at 4 a.m. on Saturday,’’ he said.
He said that the access road leading to Tin-Can Island port was no longer motorable, adding that truck drivers now get to Apapa port through Liverpool road.
Nicol said the association of Maritime Truck Owners (AMATO) had given the Federal Government strike notice.
He said that the impending strike would have adverse effects on operations at the ports.
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.
