Business
Port Workers Threaten Showdown Over Bill
Port workers are set to embark on nationwide protests over their disagreement with some sections of the Ports and Harbour Bill, which they observed could lead to massive job losses.
A source close to the Maritime Workers Union of Nigeria (MWUN) told The Tide source in Lagos recently that the protests would take place simultaneously in all the seaports.
The source said that the union observed inherent dangers in the bill which was recently passed by the Senate.
He said that the protests were being jointly organised by the MWUN and the Senior Staff Association of Communications, Transport and Corporations (SSACTAC), Maritime Branch.
According to the source, the decision to embark on the mass protests was because there had been no response from the National Assembly since the two unions wrote a letter opposing some sections of the Ports and Harbour Bill.
The Ports and Harbour Authority Bill which seeks to repeal the Nigerian Ports Authority Act, 1955 as amended, has been passed by the Senate and is awaiting concurrent passage by the House of Representatives.
The MWUN had earlier petitioned the Speaker of the House of Representatives, Rep. Yakubu Dogara, saying that the bill would lead to massive job losses for NPA workers.
The union also pointed out several economic and security implications of the bill, if passed.
When contacted, the Secretary-General of MWUN, Mr Felix Akingboye, confirmed the imminent protests, but refused to give details.
“We are mobilising our members in Lagos, Port Harcourt, Onne, Warri and Calabar, for the demonstration.
“The protests will hold simultaneously in all the ports from 6 a.m. to 6 p.m. on Tuesday,’’ Akingboye said.
“We are opposed to any attempt to further strip Nigerians of their rights through further concession in the guise of amending the NPA Act, 1955 as amended,’’ he said.
According to him, the promoters of the bill are only after their personal interests and this is to concession the harbour operations of NPA to private individuals.
“Whereas, all over the world, harbour operations are an exclusive duty of government because of the security implications and huge revenue generation.
“We have carefully perused the bill and the existing Nigerian Ports Authority Act of 1955, as amended, and we cannot see any deficiency in the present NPA Act that warranted the bill, except for the latent intention of its promoters to corner for themselves harbour operations.
“Harbour operations are a major revenue earner for the NPA and by extension, the Federal Government, without taking into consideration the security implications to the country and of course the job losses, as done during the concession exercise,’’ Akingboye said.
He advised that government should avoid the mistakes of the port concession of 2006, which led to the sack of 12,000 NPA workers.
“The provision of item 6 in the second schedule of the bill is repulsive. It provides that every staff of NPA would not be absorbed in the Ports and Harbour Authority”, he said.
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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