Business
Relocate Tank Farms, Maritime Workers Urge FG

L-R: President, Pearl Awards Nigeria, Mr Tayo Orekoya, Chairman, Investment and Securities Tribunal, Mrs Ngozi Chianakwalam, chairman of the occasion, Dr Kalu Idika Kalu, Special Adviser, Pearl Awards Nigeria, Chief Alex Akinyele and Chairman, Pearl Awards Board of Governors, Alhaji Umar Abdullahi, cutting a cake during the 10th Annual Pearl Awards public lecture for Capital Market Development in Lagos, recently.
The President, Maritime Workers Union of Nigeria (MWUN), Mr Anthony Nted, has urged the Federal Government to relocate tank farms to ensure safety of lives.
Nted, who made the appeal at the National Executive Council (NEC) meeting of the union in Lagos, recently also said the relocation of the tanks would prevent economic losses.
According to him, the continuous presence of tank farms in the Lagos port area was responsible for the heavy presence of petrol tankers on major roads leading to the ports.
“We have repeatedly called for the relocation of tank farms from TinCan and Apapa for both the safety of lives, property and economic reasons.
“We appeal that all tank farms be relocated from the seaports at Warri, Port Harcourt and Onne and moved far from residential and commercial areas,” he said.
Nted said that it was regrettable that petrol tankers had taken over the Apapa/Oshodi express road and all access roads to the seaports.
He said the gridlock in the area had made movement of people and goods in and out of the seaports and within the Apapa industrial and commercial area impossible.
The problem, he said, had compromised the efficiency and service delivery level at the ports and caused loss of man hours.
On politics, Nted, cautioned politicians against utterances that could mar the peaceful conduct of the 2015 elections.
“We urge politicians to stop sowing seeds of discord and hatred among Nigerians.
“The politics of winner takes all should be re-engineered to imbibe elements of inclusiveness,” he said.
He also appealed to government at all levels to remain focused and improve on policies and projects aimed at improving the welfare of the people.
The union leader also advised religious leaders to dwell on messages of love, saying development could only thrive in a peaceful atmosphere.
Nted commended President Goodluck Jonathan for organising the National Conference and advised the delegates to demonstrate patriotism in their deliberations.
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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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