Business
Corps Members Demand Payment Of 10 – Month Allowances
Some NYSC members in Rivers State last Tuesday appealed to the Rivers State Government to pay their 10 months accumulated state allowances designed to improve their welfare.
The state government pays N5,000 and N10,000 to corps members serving in the city and rural areas respectively.
A corps member, Mrs Angela Edet, said in Port Harcourt that the payment of the allowance would help cushion NYSC members’ hardship.
“Well, the money is not forthcoming and this is my 10th month. Hopefully, I shall be passing out in the next three months.
“I know that the money is enough to sustain our living standard in the state, but I have not been paid for once,” Edet said.
Another corps member, Mr Femi Nelson, commended the Rivers Government for its support to the NYSC but added that he had yet to benefit from the allowance.
“I am a batch “B” member and for the past 10 months I have not received the state government allowance of N5,000 monthly for those in town.
“I should say that Rivers Government is trying in the promotion of NYSC activities and to encourage the youths to get involved in nation building.
“I am also here appealing to the government to pay the accumulated state monthly allowance,” Nelson said.
He urged other states to emulate the Rivers Government in supporting the NYSC toward attaining national development.
Miss Chika Onuoha, a corps member, also demanded for the payment of the allowance during her passing out.
“I want the money in bulk at the passing out; I believe it will help us in one way after service,” Onuoha said.
An NYSC officer, who preferred anonymity, said that the money was usually paid in bulk to enable corps members as savings after the service year.
“Yes, the state government always pays the money but it pays it batch by batch.
“I think now they are paying the previous batch “A” and I hope as they finish paying batch “A”, the next batch will be “B” and it goes like that,” the officer 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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