Business
NCSU Hails May Day Celebration In Rivers …Says N56,000 Minimum Wage Inadequate
The Nigeria Civil Service Union (NCSU), Rivers State Council, has expressed delight over the successful celebration of this year’s May Day in the State, describing it as a huge success. This is even as the union has backed the call for a new minimum wage of N56,000 for Nigerian workers which it, however, described as inadequate.
The Rivers State Chairman of the union, Comrade O.T. Lilly-West, who gave this indication in an interview with The Tide in Port Harcourt said the successful celebration of the May Day at the Yakubu Gowon Stadium in Port Harcourt last Sunday with top government functionaries in attendance had put to rest the claim by some individuals that the Nigeria Labour Congress (NLC) in the state was polarised.
To this end, Lilly-West, also the State Vice Chairman of the Rivers State Joint Negotiating Council, called on those creating divisions within the labour fold in the state to sheathe their swords, come back home and join the struggle to give workers in the state a fair deal.
“They should come back home because if they don’t, posterity will not judge them kindly. We are not fighting for our fathers’ inheritance. We are rather fighting for the welfare of workers. Let them come back home and sheathe their swords”, he pleaded.
While thanking Governor Nyesom Wike, his Deputy, Dr. (Mrs) Ipalibo Harry Banigo, the Secretary to the State Government, Hon. Kenneth Kobani, the Head of Service, Barrister Rufus Godwins and a host of other top government functionaries for identifying with workers during the event, the NCSU boss particularly lauded the governor for directing the commencement of the payment of April salaries to civil servants, a gesture he said was a right step in the right direction.
On the call for a new minimum wage of N56,000 for Nigerian workers, Lilly-West said the amount was even inadequate but insisted that labour was considerate on such demand because of the economic down turn in the country.
He, however, expressed optimism that Governor Wike would sit down with labour leaders in the state to negotiate the way forward, stressing that workers were the ones that create the wealth of any society.
Lilly-West further called on Governor Wike to interface with civil servants in the state through their leaders to further cement the existing industrial peace and harmony, alleging that the labour sector was the only sector that the governor had not discussed with since assuming office on May 29, 2015.
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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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