Business
PENGASSAN Rejects IPPIS, Suspends Strike
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has rejected its members’ inclusion in the Integrated Payroll and Personnel Information System (IPPIS).
The union also suspended its planned strike over oil theft, vandalism and state of the nation’s refineries, among others.
Speaking to The Tide in Port Harcourt, the National Industrial Relations Officer of the union, Comrade Chika Onuegbu said IPPIS would compromise effectiveness and efficiency if introduced into the oil and gas sector.
Onuegbu who is also the Chairman of Trade Union Congress (TUC) in Rivers State said the union leadership had made it clear to the authorities that the oil and gas industry thrives on performance evaluation, therefore, introducing a system that is not based on deliverable should be discouraged.
He said the union’s president, Comrade Babatunde Ogun had also said that the union would go on strike if the Federal Government stopped the salaries of the union’s members in government agencies, as threatened by the Head of Service of the Federation.
He listed the affected IPPIS agencies as the Department of Petroleum Resources (DPR), Petroleum Products Pricing and Regulatory Agency (PPPRA), Nigeria Content Development Board (NCDB), Nigeria Nuclear Regulatory Authority (NNRA) and Petroleum Training Institute (PTI).
The labour leader said the national leadership of the union would go on strike if its members were not exempted from the scheme immediately.
He said the union has expressed its dissatisfaction with the government threats of the union members’ with an ultimatum in spite of the union’s protest letters to it against the union members enrolment into the IPPIS.
Also, The Tide learnt from a reliable source in the union that following a meeting with officials of the Federal Government, leaders of PENGASSAN have suspended its planned nationwide strike action scheduled to begin on May 15.
The union had on April 9th and 22nd petitioned the Minister of Labour and Productivity, Chief Emeka Nwogu, detailing some issues of concern to the union and its members.
The union demanded that the Federal Government address the issues raised before May 15 or it would declare a nationwide strike.
The Tide was informed that the union’s issues centred on execution of the refineries maintenance and joint ventures counterpart funding, among others.
Philip Okparaji
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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