Business
SSANU Seeks Policies To Protect Workers Against Exploitation
The leadership of Senior Staff Association of Nigerian Universities (SSANU) has called on the three tiers of government to formulate policies to protect the workers and the masses against exploitative tendencies in the hands of few privileged Nigerians.
The association, in a statement issued after its National Executive Council (NEC) meeting held in Ogun State last Wednesday signed by its National President, Comrade Samson Ugwoke and the National Public Relations Officer, Comrade Salaam Abdussobur respectively said that governments should introduce policies that would attract investors and prevent oligopolies, hardship and suffering of the workers and masses
The union lamented the precarious and pitiable condition of Nigeria workers in the face of the present economic realities and recession and urged government officials at various levels to initiate proactive measures to and hardship and economic slavery in the country.
The statement added “NEC noted that the costs of food items and basic commodities are beyond the reach of the average Nigerian workers, while building materials have become so costly that the common man no longer afford a decent home”.
The union stressing further said that “NEC advises government to announcement the huge sums of money so far recovered from looters and immediately plough back these huge amounts into the Nigerian economy, as saving these monies while Nigerians starve makes no meaning”.
The union explained that this situation will give verve to government’s transparency and accountability especially in the fight against corruption as well as injecting the recovered funds into the economy to create jobs for millions of unemployed Nigerians.
The union urged the Federal Government to commence the renegotiation of the SSANU/FGN 2009 Agreement, stressing that the continued delay of the negotiation is a complete breach of the principle of collective Bargaining Agreement and a dishonorable act on the part of the Federal Government.
The union urged Nigerian workers to unite against poverty, deprivation and exploitation by the elite and the ruling political class, stressing that democratic tenets allowed agitations to change unpopular policies of government as they affect the workers.
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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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