Business
NLC Urges Payment Of Retirees’ Gratuities
The Lagos State Council of the Nigeria Labour Congress (NLC) has appealed to Gov. Babatunde Fashola to pay the gratuities of the 32 retired workers of the state sports council.
The state NLC Chairman, Mr Idowu Adelakun, told journalists in Lagos that the entitlements should be settled to ameliorate the sufferings of the retirees.
He pointed out that the affected people left service between 2005 and 2008.
Adelakun called on the state government to enact a policy that would promote the participation of the youth in sports to boost its development.
“We appeal to the government to re-introduce its scholarship policy for outstanding students in sports.
“Government should also create avenues to attract and retain skilled professionals who would nurture young talents.
“That was the reason the union supported the call for the autonomy of the state sports council,” he said.
The NLC boss also pleaded with the state government to intervene in the payment of allowances and salary arrears of workers in the Lagos State Agricultural Development Authority.
“The agricultural workers are owed four months salary arrears in 2001, nine months arrears in 2007 as well as leave allowances from 2008 to 2011,’’ Adelakun said.
He said that the workers were suffering in silence and found it difficult to cope with the economic situation in the country.
He commended the government for the provision of infrastructure and urged it to ensure greater involvement of people in its development programmes.
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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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