Business
Court Bars States From Inland Waterways Control
The Federal High Court, Port Harcourt, Rivers State, has said no state government in Nigeria has the power or authority to legislate over inland waterways.
The Nigerian Inland Waterways Authority (NIWA) has been at loggerhead with Lagos and Rivers State Governments over control of lnland waterways in the littoral states, leading to court cases that are presently at different stages in the country.
NIWA, in a press statement by its General Manager, Corporate Affairs, Jubril Darda’u, said the Federal High Court, Port Harcourt recently ruled that management and control of inland waterways in Nigeria is exclusively within the control of NIWA by virtue of the Constitution and the Act establishing NIWA by the National Assembly.
“The Federal High Court of Nigeria in the Port Harcourt Judicial Division, holding at Port Harcourt before his Lordship Hon. Justice I.S Mark, in his judgment recently orders that a state government has no authority/power to legislate on (and enforce compliance of its legislation that affect) the use, management and control of lnland waterways in Nigeria as it is exclusively within the control of National Inland Waterways Authority (NIWA) by virtue of the Constitution and the Act establishing NIWA by the National Assembly.
“The judge gave the order in the Suit No: FHC/PH/CS/142/2022 between Bright Waters Energy Limited (plaintiff) and the Honorable Attorney-General and Commissioner for Justice, Rivers State, the Hon. Commissioner for Environment, Rivers State and Petroleum Financial Corporate (PFC) as (defendants)”, he said.
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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.
