Business
Ports: NIMASA Recommits To Better Working Environment
The Nigerian Maritime Administration and Safety Agency (NIMASA) has assured stakeholders in the industry of its commitment in ensuring that a friendly working environment is created in and around the port environment, that will facilitate maritime trade and investment to grow the nation’s economy.
This commitment was made by the Executive Director, Maritime Labour and Cabotage Services of the agency, Mr. Gambo Ahmed during the signing of the National Joint Industrial Council (NJIC) agreement for Dockworkers between the Terminal Operators and Maritime Workers Union of Nigeria (MWUN) at the NIMASA headquarters in Lagos. Speaking during the signing of the agreement, Mr. Ahmed who is also the Chairman of the NJIC said that “there is the need for understanding between the workers and employers in the industry, most especially during this period of economic recession where everyone needs to be accommodating”. Also speaking at the event, the Chairperson of Seaport Terminals Operators Association of Nigeria (STOAN), Princess Vicky Haastrup commended NIMASA for midwifing the processes that ensured that peace and harmony exists amongst stakeholders in the ports. In her words, “Nigeria has never had it so good, the atmosphere in and around the ports has made it so conducive for everyone to carry out his or her business and this is because NIMASA has always brought the issues of welfare of dockworkers to the front burner”. In the same vein, The President-General of the Maritime Workers Union of Nigeria (MWUN) Comrade Anthony Nted said that NIMASA should be commended for the new harmonious working relationship between terminal operators and workers in the ports, stating that MWUN is willing to abide by the signed agreement.
The event was concluded with the presentation of a brand new Toyota Hiace bus to MWUN by NIMASA to enhance inspections of Terminals by the Union. While handing over the bus to the Union, Mr. Ahmed urged the leadership to impress on its members to be law abiding and assured them of the unflinching support of the Government to ensure fairness in the industry.
The newly signed agreement which is for a period of two years is intended to ensure industrial peace in the industry as it encompasses fair treatment of Dockworkers, by ensuring that every employee gets an employment letter and a package as terminal benefits when their contract expires which has not been the case in recent past with some operators.
It may be recalled that as part of the Agency’s commitment to the welfare of maritime workers in Nigeria and in line with global best practice, the Director General of NIMASA, Dr. Dakuku Peterside recently asserted that a labourer is worthy of his rewards, hence no Dockworker in all the Seaports in the country will be short changed.
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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