Business
NUPENG Threatens Showdown Over Workers’ Sack
The national leadership of Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has criticised the sacking of workers by some oil and gas companies for active unionism.
NUPENG described the action as oppressive and the height of high handedness on the part of the firms.
It accused the management of Sterling Energy Exploration Company (SEEPCO) and its drilling arm, British Oil and Gas Ltd of denying workers their rights to unionise.
The union, therefore, called on the authorities and other relevant stakeholders in the sector to wade into the issue without delay to avert industrial crisis in Kwale, Warri area of Delta.
“For the records, five drilling oil rigs being operated by Sterling Energy Exploration Company (SEEPCO) and its drilling arm, British Oil and Gas Ltd in Kwale, Warri, have been in operation for several years.
“The period has witnessed continuous refusal by the management of these drilling companies to allow workers to join the union.
“Workers of these drilling rigs have overtly indicated their willingness and readiness to join the unions of their choice and the Nigeria Union of Petroleum and Natural Gas Workers has responded appropriately to the request.
“Unfortunately, the management of SEEPCO and its drilling arm, British Oil and Gas Ltd have resulted to high handedness and violence through the use of military men and armed militias to forcefully evacuate over 2, 500 workers from the five drilling rigs.
“These companies are Indian operated companies and NUPENG found it grossly unfortunate and unacceptable that these companies would be using brute force to dehumanise, terrorise, and victimise Nigerians in their own country,” the union said in a statement last Wednesday signed by its President, Mr Williams Akporeha.
It vowed not fold its arms while its members were being dehumanised in the course of demanding for their legitimate rights as recognised by labour laws and the International Labour Organisation charter.
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.
Business
AFAN Unveils Plans To Boost Food Production In 2026
-
News4 days ago2026 Budget: FG Allocates N12.78bn For Census, NPC Vehicles
-
Sports4 days agoAFCON: Osimhen, Lookman Threaten Algeria’s Record
-
Politics4 days agoWike’s LGAs Tour Violates Electoral Laws — Sara-Igbe
-
Politics4 days agoRivers Political Crisis: PANDEF Urges Restraint, Mutual Forbearance
-
Sports4 days agoPalace ready To Sell Guehi For Right Price
-
Sports4 days agoArsenal must win trophies to leave legacy – Arteta
-
Sports4 days agoTottenham Captain Criticises Club’s Hierarchy
-
Sports4 days agoNPFL To Settle Feud between Remo Stars, Ikorodu City
