Business
Port Manager Wants FG To Dredge Rivers Dockyard
The Port Manager, Rivers Port, Nigeria Ports Authority, (NPA), Alhaji Abubakar Umar has appealed to the Federal Government and the management of NPA to dredge the Rivers Port Dockyard to increase vessel traffic.
Alhaji Abubakar also said the dredging of the dockyard would improve revenue generation in the port and create more jobs for the youth.
The Rivers Port manager stated this in Port Harcourt during a quarterly stakeholders meeting with the Managing Director, NPA, Mrs Hadiza Bala Usman at the dockyard complex.
Represented by the Executive Director, Finance and Administration, Mohamed Bello Koko, Alhaji Abubakar said, the port was confronted with a lot of operational challenges such as lack of finger jetty at the dockyard, operational tug boats and patrol boats; thereby lowering efficiency delivery in the port.
He also listed lack of functional water hydrants at the quays as a constraint hampering its service delivery at the port.
Alhaji Abubakar insisted that the expansion of the port would increase productivity, noting that Rivers Port serves as a hub centre of transshipment.
On e-Payment and e-Manifest, he said, Rivers Port management has fully embraced the e-payment and e-manifest system even as shipping agents have reduced complaints to its barest minimum.
Alhaji Abubakar said, management has improved the signal unit of the harbour with the provision of modern communication equipment for effective communication between Bonny station and the port.
He said that management was working assiduously to complete the rehabilitation of the common user area at the Port Terminal Operation Limited, (PTOL), terminal.
On its social responsibility projects, Alhaji Abubakar said, they include general renovation of old Adraine warehouse converted to office for Rivers Port Complex, the ongoing renovation of State Primary School, Ido, Rivers State and others.
Chinedu Wosu
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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