Business
NJIC, Stakeholders Sign Agreement On Dockworkers’ Wages
In order to ensure a better working relationship in Nigerian ports, the National Joint Industrial Council (NJIC) has signed a collective bargaining agreement for the increment of dock workers’ wages. NJIC is the body responsible for negotiating and reviewing of minimum standards for dock labour.
The agreement was reached at the inaugural meeting of the NJIC at the Nigerian Maritime Administration and Safety Agency (NIMASA) in Lagos recently.
The Executive Director, Maritime Labour and Cabotage Services, NIMASA, Mr. Gambo Ahmed who presided over said that the dock workers have improved in their capacity.
Gambo Ahmed who doubles as the Chairman of the NJIC, reinstated the agency commitment to the welfare of dock workers in the maritime industry.
NJIC in a statement made available to The Tide in Port Harcourt noted that the welfare of the dock workers would impact a lot on the ports industry and also in turn the entire economy.
Also speaking at the signing of the CBA, the President General of the Nigerian Maritime Workers Union (MWUN), Comrade Adewale Adeyanju said that with the agreement, dock workers have all reason to smile home at the end of the month.
According to him, “With this agreement there is a structure put in place by the stakeholders here today. So if the dock worker is going home now he knows he is going home with something better. Adeyànju said
“Unlike in the past where dock workers were just picked on the roads and given whatever pay, but with this structure put in place , I think the dock workers have every reason to smile home”.
Earlier, Chairman, Seaport Terminal Operators Association of Nigeria (STOAN), Dr. Princess Vicky Haastrup said the collective bargaining agreement will spur the dock workers to perform better as the welfare of the dock workers is well catered for in the agreement.
According to her: “This agreement I believe will spur the dock workers to perform better than they have always done, because this agreement actually takes care of the wages and the conditions of service of dock workers in Nigeria are adequately catered for in the agreement which the terminal operators are really excited to do. It will also improve the quality of life of the dock workers.
“The port in Nigeria was concessioned in year 2006 and the average income of dock workers then was N5000, which I found ridiculous because N5000 will not pay their transport fair, not to talk about paying for their everyday expenses.
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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