Business
Protest Paralyses Rivers Port
Normal Port activities at the Nigerian Ports Authority (NPA), Rivers Port were paralysed last Tuesday, following a one-day nation wide protest over the Bill on concessioning of ports and Harbours which is before the National Assembly.
The protesting workers, who are from Joint Senior Staff Association of Communications and Transport corporations, Marine Branch and Maritime Workers Union of Nigeria (MAWUN), amid sing songs and prayers carried playcards which read thus: “Harbour is a security zone; The sponsors of Ports and Harbour Bill 2015 are enemies of Nigeria; National Assembly leave NPA alone; Harbour is a restricted area and should not be ceded to private operators; and Nigerians rise up against Ports and Harbour Bill, it is wicked”, among others.
Speaking to journalists during the protest, the Deputy President-General of MWUN, Comrade Tonye Harry Leonard said the protest was to show their discontentment on the Ports and Harbour Bill before the National Assembly, describing it as inhuman.
Leonard noted that there is nothing wrong with the 19SS Act as amended but the latest move would send most of the workers to the already saturated labour market.
According to him, concessioning of the port harbours instead of to bringing life as promised made before the 2016 concession were yet to be fulfilled as from 14,000 staff in the workforce of the NPA were reduced to barely 3,000 while some people have been retired.
“We want NPA to employ workers and not a bill that will reduce the number of workers and send some to the already saturated labour market”, he posited.
In his reaction, the Chairman, Dockworkers branch of MWUN, Port Harcourt District, Comrade Tony Wilson Nwokocha said, the hearts of the workers are bleeding because of the Bill before the senate and House of Representatives, and since they have concessioned the Ports, they should leave the Harbours because many people would be jobless.
Nwokocha reiterated that more ingredient should be given to the Act, as people are clamouring for jobs, stressing that as stakeholders, there is working relationship with the two operators of the port, that is BUA and PTOL, and that NPA is the gateway to the nation’s economy, therefore its workers plight should be heard.
Collins Barasimeye
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.
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