Business
Xenophobic Attack: Hold S’African Govt Responsible – NLC
The Nigeria Labour Congress (NLC), in Abuja said the South African Government should be held responsible for the xenophobic attacks in that country.
This is contained in statement signed by Dr Ayuba Wabba, President of the NLC.
According to the statement, it does not matter who incites the violence because the attacks lack any sane justifications.
“It is even more absurd that the attacks are directed against Africans from countries that played active roles in the struggle against apartheid.
“That the immigrants left their countries to do legitimate businesses or engage in legitimate employment in South Africa is certainly not their faults.
“They should be seen as partners in the developmental strides of the country.
“The challenge of unemployment of South African citizens is not originated by the presence of the immigrants”, Wabba said in the statement.
It said South African government should develop policies that could generate employment for its citizens as quickly as possible to promote peace and economic growth.
The statement urged the government of South Africa to move faster than ever before with steps that would immediately restore peace and harmony as the situation could generate negative international reactions.
According to the statement, there are South African businesses in other countries, especially the originating countries of the immigrants.
“These businesses are vulnerable to severe danger if positive steps are not immediately taken.
“South Africa, like all independent African countries, is a member of the African Union which also has the capacity to exert strong intervention before the situation degenerates.
“This could strain the cohesiveness of the AU and also subvert the spirit and purpose of its existence.
“The killings are barbaric, irresponsible, and archaic and fall short of the global decent standards expected of a country like South Africa.
“Besides, South Africa is the highest beneficiary of international solidarity during the anti-apartheid struggles”, the statement said.
It added that the rest of the world should not be given the impression that those they supported had taken subterranean decision to attack citizens of their countries in return.
“We sympathise and condole with the victims and families of those who have lost their lives in these mindless attacks.
“We call on our counterpart, the Congress of South African Trade Unions (COSATU), to offer decisive interventions that will ensure the protection of lives and properties”, it said.
The statement said that immigrant workers were covered by conventions of the International Labour Organisation which states that injuries to migrant workers were injuries to all workers all over the world.
“We call on the Federal Government of Nigeria to take all necessary steps to ensure that every Nigeria living in South Africa is fully protected.”
According to the statement, should the attacks continue, they should be evacuated back home for rehabilitation and re-engagement.
“We fully support all steps taken so far by our government.
“Indeed, we support any positive step the government will take in furtherance of the protection of all Nigerians living in South Africa and their interests”, it 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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