Business
‘Nigerian Seafarers Are Underpaid’
A renowned mariner, Mr. Onmomya Michael Udeh, says Nigerian seafarers are underpaid by their employers, compared to their counterparts in other countries.
The mariner also noted that seafarers’ jobs in the country were unsecured, saying companies hired and fired them anytime without reasons.
Udeh spoke with The Tide in Port Harcourt on Wednesday while reacting to activities of marine companies in the Niger Delta.
According to him, many companies do not pay seafarers well, especially whenever they are off duty.
“These marine companies do not pay seafarers well, when you are on time off, no salary for you,” Udeh said.
The mariner, who decried the challenges faced by new seafarers such as Certification of Membership, called on the management of the Nigerian Maritime, Administrative and Safety Agency (NIMASA) to assist the indigenous seafarers in getting Certification of Competency (COC) to enable them operate effectively in the industry.
He noted that the absence of CoC made it difficult for seafarers to get job in the industry.
“As a beginner, you are requested to have a Certificate of Competency (CoC) before you get a job with a marine firm and it takes up to a year and six months to acquire the document”, he said.
He also frowned at contracting the job of seafarers to contractors by companies, rather than employing mariners directly without a third party agreement.
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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