Business
Royal Salt Company Workers Protest Over Poor Wages
Workers of Royal Salt Company Limited have embarked on a peaceful protest to register their resentment over what they described as slave labour and under payment of their daily wages by the management of the company.
The protesters who clustered at the Nigerian Ports Authority (NPA) round about by industry road, Port Harcourt, recently displayed placards with inscriptions: We are tired of slavery; Slave labour must stop, No N1500 no work, We no longer accept N975.
Speaking to The Tide, one of the protesters who chose to be anonymous, said the company had been cheating on them by engaging their services for 12 hours each day and 12 hours at night at daily wages of N975 only.
According to him, the job engagement was hinged on casual basis and that the daily wages did not go down well with the workers who claimed they had been turned to slave labour, adding that they worked from 6 am to 6pm, while the night shift worked from 6pm to 6am which was not commensurate with the peanut of N975 the company paid as daily wages.
He said that the workers had made several attempt to persuade the company to increase the wages to at least N1,500 per day to no avail, stating that they had no other option than to protest against the injustice and under payment of wages, as well as press for their demand for N1,500 per 12 hours.
The Tide gathered that Royal Salt Company Limited management contracted out the supply of labour to a consultant who allegedly was responsible for the under payment of the casual workers, and that the management was not happy with the situation as the protest had affected the production for the day.
Efforts to speak with the management of the company and the contractor proved abortive as the security operatives prevented newsmen from entering the company.
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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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