Business
NPA Partners Japan On Technology
The Managing Director
of the Nigerian Ports Authority Mallam Habib Abdullahi says the organisation will welcome the infusion of Japanese advanced technology in critical areas of infrastructural development in form of Public Private Partnership (PPP).
The representative of the managing director and the General Manager, Capital Projects, Engr Rufai Mohammed assured the visiting Japanese delegation that the management of NPA will expeditiously list out technical and infrastructural needs of the organisation, since the Japanese government through the visitor has promised to help.
Mohammed added that NPA is currently involved in massive infrastructural renewal projects from her headquarters, quay length rehabilitation in Onne, Warri and Lagos ports.
He added that the organisation’s 25years Development Plan would soon be ready and that would be a compendium of these development projects.
Going down memory lane, Mohammed added that NPA had benefited in training programmes by the Japanese government in the past, and that it is a welcome development that such assistance is being put forward again.
The representative of the managing director also said being a bilaterial issue, he expects the visit to further unite and improve the collaboration between the two countries, especially now that NPA is embarking on capital intensive port reforms with the desire to be the leading port in Africa.
Earlier in his speech, on behalf of the Japanese government, the Section Manager of Urban and Transportation Planning Group of the Yachiyo Engineering Company limited Mr Yasuhiro Yamauchi, added that the Japanese government is ready to partner with NPA in particular and Nigeria in general especially in the area of technical abilities that would be useful for different projects in the country.
The Japanese representative asserted that his country is ready to help the African continent but that they want to start with Nigeria because of her population and economy.
In the company of Mr Yamauchi were Esmael Mohamed. Engr B.O Jegede and Mrs Olumese Beatrice while on the side of NPA management were, The General Manager Monitoring, Mr Obumneme Onuenyenwa, General Manager Special Duties Mrs Carol Ufere, Personal Assistant to the Managing Director Yitnoe Stanley and Mr B.E. Jonah of the Commercial Department.
Npemenyie Mcdominic Lagos
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.
