Business
Union Leader Charges Labour On Societal Ills
General Secretary, Amalgamated Union of Public Corporations Civil Service Technical and Recreational Services Employees (AUPCTRE), Mr Phillip Agbonkonkon, last Thursday advised labour to correct the nation’s society ills.
Agbonkonkon, who gave the advice at a meeting with union members in Lagos, added that workers should have faith and be epitome of courage in the struggle for the country’s development.
He said that the unions must strive to sustain their relevance in the nation and at the work place, for economic growth.
“As members of the labour movement, workers must fight against the growing corruption in public and corporate governance which has become an obstacle to economic development and purposeful governance.
“We must ensure that government solves the problem of decay in infrastructure such as water, electricity, health, education and housing“, he said.
Agbonkonkon said that the denial of limited trade union rights in some public sector establishment must be rejected by workers for them to be able to take a stand.
The union’s scribe added that workers must ensure that government showed the ability to guarantee security, promote and sustain national unity and stability.
He said that the founding fathers of the labour movement, such as the late Dr Michael Imoudu, Mr H. P. Nzeribe and Mr Okei Achamba, did not espouse capitalism but were either socialist or social democrats.
“This informed and empowered them to struggle for a genuinely democratic Nigeria and social justice.
“Regional sentiments, faith divide and ethnic cleavages were strange to them as labour leaders“, he said.
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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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