Business
New Wage: Association Makes Case For Pensioners
The Federal Universities Pensioners’ Association (FUPA), has appealed to the Federal Government to consider its members in implementing the N18,000 national minimum wage.
The National President of the union, Dr Ayuba Kura, made the plea in a congratulatory letter to the Secretary to the Federal Government, Sen. Ayim Pius Ayim.
A copy of the letter which was signed by Kura and made available to newsmen in Zaria, Kaduna State recently said the appointment was well-deserved.
It noted that the union was still awaiting the implementation of its 53 per cent increment as approved for tertiary institutions, with effect from July 2009.
The letter called for the inclusion of pensioners in the governing councils of every university as members.
It also called for intervention of the Senate on the matter with a view to speeding up the process.
It was reported that similar letters have also been written to the Senate President, David Mark and Speaker, House of Representatives, Alhaji Aminu Tambuwal.
FUFA expressed the hope that the vast experience of the three gentlemen would guarantee genuine democracy, good governance and rule of law.
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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