Business
NPA Bans Barge Movement At Night
The Nigerian Ports Authority(NPA) has issued a standard operating procedure which aims at streamlining the operation of barges, and banned their movement at night to avoid collision or impeding navigation of vessels on the channels.
Managing Director of NPA , Mohammed Bello-Koko, who disclosed this in Lagos at a media parley, said the NPA has set minimum operating standard for the barges just as it is doing for trucks .
According to him, the move is to enhance safety and remove encumbrances to quick access to berthing area for oncoming ships .
“We are also encouraging the use of barges. We have come up with a Standard Operating Procedure for barge operations because we have all forms of barges that are not safe.
“Same way we created minimum standards for trucks is what we did for barges, and we have called them for meetings. They have been operating on free tickets for long, and that has to stop and they need to start paying us tariffs.
“We gave them concessions because at least the government generates revenue from it. Most of the barges do not have communication systems and are not identifiable individually, with their sailors often driving with reckless abandon.
“Sometimes you hear vessels blaring their horns; it’s not to signal goodbye but to tell someone to get off the channel.
“In fact, we have had occasions where ships had to anchor right in the middle of the channel because of a barge on the way.
“That has to stop, or we will start cracking down on them. We are going to be very firm on this.
“The day a ship sinks in the middle of the channel is the day we are done. We will also insist that they don’t operate at night,’’ he said.
“A few weeks ago, a barge sneaked out to operate at night and almost hit a vessel that was offloading liquid cargo. Imagine if the vessel had gone aflame. You sometimes see them double-banking or even triple-banking, which is not allowed’ he said.
By: Nkpemenyie Mcdominic, Lagos
Business
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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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