Business
Onne Port Awards Contract For Access Gates Lighting
In a bid to reposition and improve efficiency in the Onne Port, the management of Nigeria Ports Authority (NPA) has awarded contracts for illumination of Port access gates and common users areas at the Federal Lighter Terminal (FLT) Onne.
The Port manager, Onne, Mallam Ismael Abubakar disclosed this to The Tide, during an interview on the activities of the Port.
Mallam Abubakar also said, the Port had awarded contract for the rehabilitation of fire service building at FLT and Federal Ocean Terminal (FOT), Onne.
According to him, the management had also embarked on rehabilitation of access roads to Onne complex and administrative buildings in the Port complex.
He said, the projects were over 100 per cent and 70 per cent completed, saying that its aims were to streamline and strengthen various operational needs at the Port.
Mallam Abubakar noted that the Port had witnessed improvements in vessels traffic handling from 662 in 2016 to 684 in 2017 respectively.
The Port, he said, had received various supplies to enhance the ICT capabilities, security and fire fighting apparatus and fitness equipment to improve health.
Onne Port, Mallam Abubakar said, had appropriately aligned with the Presidential Enabling Business Environment Council (PEBEC).
On harbour operations, the port manager said, the system of several processes is currently integrating to ensure swift response to shipping services required by the organisations and client.
Chinedu Wosu
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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