Business
Transporters Cry Out Over Forced Unionisation Seek Wike’s Intervention
The Rivers State Drivers
Transport Co-operative Union Limited, Port Harcourt, has appealed to the State Governor, Chief Nyesom Wike, to come to their aid over an alleged forceful membership of Keke Owners Riders Association of Nigeria (KORAN) in the state by a top government official.
The Chairman of the union, Comrade Sunday Binoye, who made the appeal in a chat with The Tide in his office on Monday said an official of the Rivers State Government, and Director, Land Transport in the Ministry of Transport, Samuel Ezumah invited eight transport unions for a meeting recently, only to threaten that they should come under one umbrella as KORAN.
Binoye disclosed that during the meeting, they were given an opportunity to chose a name for the Unions to be under one body, and they choose Keke (tricycle) People Congress (KPC) but Eguma who presided over the meeting said he had the final decision to choose a name for them.
According to him, Eguma as Believe Transport Providers Cooperative Investment Society as well allegedly threatened that if they did not accept his decision, he would have no option than to scrap the unions and stop them from operating in the state.
He disclosed that the eight Unions, Road Transport Employers Association of Nigeria, Rivers Transport Co-operative Union Ltd, International Human Right Protection Initiative, Keke Napep Drivers Association of Nigeria, Association of Tricycle and Motorcycle Operators, Keke Drivers Association and Obio/Akpor Service Instituted a suit at the National Industrial. Court of Nigeria, Owerri, saying that the recent action by the government is contempt as Egumah had not sought leave of the court to settle the KORAN case.
The Union boss said they would not be intimidated by any threat as far as they are in a democratic system of government and as law abiding citizens, they are appealing to the Governor and other relevant authorities to resolve the issue for peace to reign.
When contacted on phone for his reaction, Mr Eguma, the director of Land Transport, declined to speak with our correspondent, saying that he does not talk to strangers on phone.
Collins Barasimeye
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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