Business
ANLCA, Shippers’ Council To Partner On Maritime Sector Regulation
Freight forwarders under
the aegis of the Association of Nigerian Licensed Customs Agents (ANLCA), has been urged to partner with the Nigerian Shippers Council (NSC) to address the challenges being faced by the maritime sector of the economy.
The president of the Nigerian Institute of Freight Forwarders, Dr Zeb Ikokide, gave the advice while speaking with The Tide at ANLCA’s Zonal Office, Harbour Read, Onne.
Ikokide said the instiute would partner with the various stakeholders in the maritime sector to seek ways of improving the sector in terms of revenue generation and also look into the alleged imposition of illegal charges by some shipping agents.
He urged ANLCA to report formally to the Nigerian Shippers’ Council their observations about activities in the sector rather than the association to take action that would jeopardise port operations.
The institute’s president said he has served on several committees by the NSC that used to monitor the payment of the various fees charged by shipping companies for their services usually look at the charges .
He noted that cargo owners were not liable unless it is based on charter party agreement, adding that it is only charter party agreement that makes the shipper pay the agency fee, which means the cargo owners chartered the vessel and was liable to pay the shipping company its agency fee.
Ikokide explained further that it is the person that chartered the vessel that will pay the agency fee and the shipping company has no right to be collecting agency fee from cargo owners, adding that since the cargo owners have paid. Freight charges, the shipping company would have calculated the various charges into the freight rate.
He said NSC appointment by the government as a port regulator to tackle any compliant is a welcome development.
It would be recalled NSC was approved by the federal government as a ports economic regulator in February 2014 signifying that the council as a regulator is entitled to regulate the commercial activites of all operators at the nations ports in Lagos, Port Harcourt Warri and Calabar.
Philip Okaraji
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.
