Business
NUEE Condemns Casualisation Policy
The National Union of
Electricity Employees (NUEE) has condemned the casualisation policy being practiced in the public and private sectors in Nigeria.
A statement by the union’s secretary-general, Comrade Joe Ajaero, last Wednesday said casualisation amounts to labour slavery in the formal and inrormal sectors.
Ajaero said Nigerian, workers have the right to be liberated from uncanny, treacherous and inhuman labour condition stressing that the Nigeria Labour Congress has the responsibility to champion the cause of liberating Nigerian workers from any form of inhuman conditions.
He said potential members abound in the formal and informal sectors to be organised into unionization, stressing that these workers are anxious and needed to be emancipated from labour slavery they were enmeshed in as casuals called for a more vigorous engagement by the organised labour leadership in anti-causalisation drive in order to ensure that every Nigerian worker enjoys regular appointment and begins to exhibit the much described dignity in labour.
Ajaero who will be contesting the NLC presidency in March, 12 rescheduled election also said that it is unacceptable that the NLC as a responsible labour organisation would not have annual budget to define her operations for the past years.
He said labour leaders most times often involved in the critique of government and employers for unguided expenses without them paying attention to their internal inadequacies of lack of peroper budget guides in their operations, stressing that labour leaders should therefore purge themselves of such anomalies and ensure proper accountability.
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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