Business
PH Residents Commend NUPENG’s Strike Suspension
Port Harcourt residents have expressed joy over the call-off of the nationwide strike embarked upon by the National Union of Petroleum and Natural Gas Workers (NUPENG).
Some of the residents who spoke to The Tide yesterday said, the early call-off had saved the citizens from untold hardship.
A taxi driver, Christopher Emmanuel, said “I feel relieved when I heard of the call-off yesterday because since NUPENG announced the industrial action, I had been wondering how I would cope with the suffering that goes with it.
“The scarcity of petrol would affect my family’s income and freedom of movement.
“I thank NUPENG and the federal government for their understanding”, he said.
Another resident, Chima Elem, said “whenever the oil workers embark on strike, it grounds socio-economic activities in the society. So the early intervention of the government had saved the masses from all the hardships that go with oil workers’ strike.
Elem who commended the understanding between the leadership of NUPENG and the federal government, appealed to both parties to ensure that all issues concerning the strike be resolved totally to avoid the oil workers taking their agitation to the level of a nation-wide strike that would put everybody in hardship.
Chief Maxwell George, a businessman said, “the call-off of the industrial action is most welcome in view of the hardship Nigerians are passing through as a result of the recession.
“Such a nation-wide strike would have compounded the economic situation for everybody. So I commend NUPENG and also advise the government to always fulfill whatever promise it makes to the various labour groups.
Mrs Clarice Williams, a primary school teacher, said, “the resolve to end or spend the strike is a mark of patriotism on the part of the petrol tanker drivers and the entire NUPENG as a body because it would have worsened things for an average Nigerian.
“The over bearing security officers whose excesses were partly responsible for the strike should please retrace their steps from any such move that could result in tanker drivers’ strike.
“The federal government should prevail on the oil companies to give good welfare to oil workers and also resolve other issues in contention. We don’t need strike now in Nigeria because of the worst economic situation”.
But to Ms May Nnodim, the various unions must make sure they don’t see strike as the only weapon in the agitation.
“Strike is common in Nigeria. It’s either the doctors, or the teachers or any other group. Various labour unions and the federal or state governments must find lasting solution to the problem of strike in the country.
“Any side that is part of the bargain, should ensure it lives up to its bargaining, he said.
It would be recalled that NUPENG’s national leadership declared a nation-wide industrial action which began Monday. The strike was in agitation for better welfare for members and alleged interference by security agencies in the operation of the tanker drivers.
However, the strike was called off yesterday as a result of the federal government’s intervention.
Chris Oluoh
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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