Business
Maritime Body Nominates ICRC Boss On Advisory Board
Acting Director-General, Infrastructure Concession Regulatory Commission (ICRC), Mr Chidi Izuwah, has been nominated to the Ports Evolution 2017 Advisory Board, to ensure professionalism in maritime events in the Africa Port Evaluation 2017.
Acting Head of Communications, ICRC, Mrs Manji Yarling, announced this in a statement in Abuja, yesterday.
According to Yarling, the nomination is in recognition of Nigeria’s critical role in Africa’s maritime sector.
“African Ports Evolution, now in its sixth year, is Africa’s elite transport event, saddled with the responsibility of bringing industry experts from across the continent and the world together.
“These experts will present solutions for the development of the African maritime sector,’’ she said.
African Ports Evolution is designed for African ports authorities, terminal operators, shipping lines, bulk exporters and government to determine the scale of planned marine construction across the African continent.
It ensures private sector collaboration and gives coastal and hinterland stakeholders proven and future-proofed solutions for demand driven port expansion.
The ICRC boss is one of only four heads of regulatory agencies from Nigeria billed to attend the event.
The other regulatory heads include the Director-General of NIMASA, Executive Secretary of the Nigerian Shippers Council and the Managing Director of the Nigerian Ports Authority.
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.
