Business
Union Leader Assures PHCN Staff On Entitlements
FCT Branch Chairman, National Union of Electricity Employees (NUEE), Mr Wisdom Nwachukwu, has assured his colleagues that the Federal Government is committed to honouring its agreement with the union.
Nwachukwu gave the assurance in an interview with newsmen yesterday in Abuja.
“I believe in the government of President Goodluck Jonathan for what he has done to ensure that workers of PHCN are not owed a dime,” he said.
“The president is a man of his words; NUEE advised him to consult widely on our matter and we did not think he would know that PHCN’s casual staff had not been given appointment letters.”
According to him, the confirmation and giving of appointment letters to the PHCN casual workers are parts of the agreements with the Federal Government.
The Federal Government had on May 1, 2012 agreed to confirm about 10,000 causal workers in PHCN across the country.
It also assured them that they would receive their appointment letters.
Nwachuckwu said the agreement with government would not be complete without it fulfilling that aspect of the agreement, saying that is the only way to get the accurate figure of the workers.
He lauded the new government policy of training PHCN staff at the National Power Training Institute to make sure they adapt to the new power reform agenda of the government.
He said he was happy the government denied the recent allegation that 25,000 staff of PHCN would be retrenched.
Nwachukwu advised his colleagues to exercise patience and carry out their duties diligently as government would not renege on its promise to pay them severance benefits.
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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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