Business
Shipping Operator Wants More Dry Docks In Nigeria
A Shipping Operator and
Member of the Nigerian Ports Consultative Council (PCC), Kunle Adewale, has made case for the establishment of additional dry docks in the Nigerian Maritime sector for greater performance.
Adewale, who was speaking while reacting to the level of development in the Nigerian Maritime sector recently told The Tide in Port Harcourt that the establishment of additional dry docks in Nigeria would boost the nation’s shipping industry.
He noted that the dry docks were very necessary to the improvement of ship maintenance and sea-worthiness, considering the number of vessels received at the Nigerian ports.
The shipping expert explained that the number of dry docks in operation in the country at the moment is not enough, considering the vital role shipping plays in movement of goods across the globe.
According to him, the issue of improvement in ship maintenance and sea-worthiness of vessels must be given special attention, if Nigeria must realise or achieve it’s dream of becoming one of the top 20 economies in year 2020, as well as the transformation agenda.
This, he said, would be realizable through international trade, pointing out that the Maritime sector will be the rallying point for the movement of cargo in very large volume; for which shipping is key.
Adewale, however, was also optimistic that more cargoes would be attracted to the Nigerian ports, and that trade within the sub-region would improve.
He also stressed that when dry docks are more in number, the issue of ship maintenance and seaworthiness will as well improve to enhance the total movement of cargoes internationally.
Corlins Walter
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.
