Business
NLC Kicks Against Unfair Labour Practices
The leadership of orga
nized labour in Nigeria has kicked against what it called rising cases of unfair labour practices in the country. Speaking to The Tide in Port Harcourt on Monday, the factional President of the Nigeria Labour Congress (NLC), Comrade Joe Ajaero, said the organised labour must be united to speak with one voice against such labour malpractices that tend to enslave workers.
Ajaero said outsourcing or contract staffing, casualization and other forms of labour malpractices are evil of depression of the workers that must be stopped by organized labour.
He stressed that the malpractice must be stopped despite the argument that the frend is now global practice in labour relationship.
Ajaero who is also the National Secretary General of National Union of Electricity Employees (NUEE) argued that in advanced countries where the antics of labour malpractice are coming from proper measures and safety nets in form of social security for the unemployed, the aged and other valuable citizens had been put in place unlike in Nigeria.
He said government and all the organized private sector declaring their approval for outsourcing of staffing without proper measures being put in place was like legalizing illegality.
Ajaero called on organized labour leadership to ensure that out sourced workers and others are immediately unionized for them to get the union’s protection and rights among others. The labour leader said labour malpractices strive in the country because of the bid of some corporate entities to cut costs and maximize profits.
He further emphasized the need for co-operation and understanding among the nation’s organized labour movement. Ajaero said labour veterans have stepped into the NLC’s crises with the ultimate desire of resolving the intractable issues at stake and move the labour forward in the country.
He said his faction is willing and ready for a peaceful resolution.
Philip Okparaji
Business
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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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