Business
Akpabio Approves N18,900 Minimum Wage
Governor Godswill Akpabio of Akwa Ibom has approved N18, 900, 27 kobo as minimum monthly wage in the state’s Civil Service, starting from this month.
Akpabio made the announcement in Uyo on Monday when the state’s Chapter of the Nigeria Labour Congress (NLC) paid him a solidarity visit and to invite him for the May Day rally.
The governor said that he had set up a committee, comprising labour and government officials to look into the issue as demanded by the NLC, adding that the outcome was the signing of the agreement.
The governor said that execution of projects by his administration would not be at the detriment of payment of salaries and emolument of workers.
“Payment of salaries and emolument of worker remain a major project. Your entitlement on a monthly basis is a project for the government.
“When I was the Commissioner for Local Government, I had to stop projects so that they could pay all the salary arrears and allowances owed the workers.
“No government can claim that it was doing projects when workers are dying of hunger and salaries are not paid. ’’
The state Chairman of the NLC, Mr Unyime Usoro, pointed out that leave grant was not consolidated as part of the minimum wage.
He argued that leave grant should not be consolidated as part of minimum wage because “the higher you consolidate, the higher the tax.
The News Agency of Nigeria (NAN) reports that with signing of the agreement, the issue of minimum wage has been settled in the state.
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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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