Business
Freight Forwarders Bemoan Low Cargo Clearing In Apapa Port
Some concerned freight forwarders on Saturday bemoaned low number of containers cleared by the Nigeria Customs Service (NCS) in Apapa port.
The port users, who spoke with newsmen on the challenges facing their operations in Lagos State, alleged that only between 38 and 40 containers were cleared by NCS for release daily, in spite of the automation of ports operations.
“Risk Assessment Report (RAR), Pre-Arrival Assessment Report (PAAR) and the latest Nigeria Customs Integrated Service II are expected to speed up cargo transaction but to no avail.
“Clearing and release of containers daily become herculean and, most times, fruitless because of human interference, coupled with incessant system break down,” lamented Mr Osita Chukwu.
Chukwu, the Convener, Save Nigeria Freight Forwarders, appealed to the NCS to make the port user-friendly to check loss of investment capital through undeserved demurrage.
According to him, it behoves customs to support other agencies to be alert to their duties to ensure transparency and accountability in remittance of funds generated from cargo transactions.
Mr Obinna Okoroafor, who compared his experience at the Republic of Benin port to Nigerian ports, said that there was less human contact in the Cotonou port than the Apapa port.
Okoroafor, a chieftain of the National Association of Government Approved Freight Forwarders, Ikorodu chapter, urged authorities at the Apapa port to employ automated platforms to hasten and ease process of doing business.
“If everything is streamlined into a proactive and functional automated platform as witnessed in other countries, it will save us time and money too,” he said.
A Customs Broker, Miss Debi Akinola, said that the Apapa port, a premier port in Nigeria, should be a model for others.
Akinola said that agencies should appoint competent officers to efficiently manage the tasks at the Apapa port.
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.
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