Business
Boat Owners Go Tough On Safety Rule Violators
The Okrika Speed Boat Owners Association (OSBOA) has charged boat operators to take marine safety rules seriously to avoid reckless accident on the water-ways.
Chairman of the Association, Mr Epeya Sunday gave the charge at a meeting with all boat operators at the Marine Base Jetty in Port Harcourt.
According to him, the association would no longer take it lightly with any boat operators who flout any safety rules by NIMASA in the area.
Sunday, who noted that most of the boat drivers were not adherent to wearing of life jackets by passengers and speed limit along the water ways, said the association has constituted a taskforce to report and arrest boat operators who flouted marine safety rules in the area.
He said the gesture was to ensure adequate safety of passengers on the water ways, especially during the Easter period.
The Chairman announced the provision of more life jackets and other safety by the union to all boat operators to ensure adequate safety gears on the water ways.
The boat owners chairman warned the boat operators against any increase in transport fairs during the Easter period, stressing that the association has the only right to announce any increment in transport fares and that would only happen if the price of fuel increases.
Speaking with newsmen, Chairman of the Association, Epeya Sunday urged Nigeria Maritime Administration and Safety Agency (NIMASA) to call Navy boat operators to order against negligence of marine safety rules on the waterways.
He said company boat operators including Navy Vessels were not complying to the marine safety rules, saying that the company vessels always engaged in over speeding without minding the safety of the smaller boats and fisher men along Port Harcourt – Okrika water ways.
He said most of the boat mishaps were caused by the reckless driving of the bigger vessels in the creeks of Port Harcourt and Okrika area.
He urged the government and NIMASA to call them to order before the situation got out of hand.
Enoch Epelle
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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