Business
Shoddy Berthing Arrangement Mars Arrival Of NIMASA Floating Dock
A newly acquired floating dock by the Nigerian Maritime Administration and Safety (NIMASA), failed to berth one week after arriving the country due to inability of the regulatory agency to make necessary arrangement for its berthing.
Investigations revealed that no arrangement was made for the vessel’s berthing until it arrived Lagos water on June 11, this year.
Head of Communication, NIMASA, Isichei Osamgbi said despite various communications from the builders of the floating dock, NIRDA in Amsterdam, Netherlands, no arrangement was made for the berthing f the vessel.
According to him, it is a big shame on the country.
Reliable source told The Tide that when the floating dock arrived, everyone including the Director General, started running helter skelter to find a berth for the dock.
The source said, various terminal operators who demanded various sums of money ranging from $350,000 to $52,000 per day to berth the floating dock but NIMASA was not ready to part with such amount.
Our Director General, Peterside Dakuku, also approached the Nigerian Ports Authority on Wednesday, but met a brick wall; but Niger Dock agreed to accept the floating dock for $26,000 per day with some other conditions.
Further investigation also reveals that the floating dock is now anchored at the Maritime jetty in Lagos even as MIMASA continues to look for a berthing facility for it.
However, the captain of the vessel has threatened to sail back to Amsterdam if adequate berthing arrangement is not put in place within the week.
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.
