Business
NUPENG Threatens Strike Over Sack Of Refinery Workers
The Nigerian Union of Petroleum and Natural Gas, (NUPENG), has given the Federal Government and management of the Port Harcourt Refinery Company (PHRC) 72 hours to reverse March 29th sack of over 175 contract workers or face the shutdown of supply of petroleum products across the Port Harcourt Zone.
National Treasurer, NUPENG, Alex Agwanwor, at the declaration of the ultimatum in Port Harcourt, yesterday, said the development was tilted to a nationwide industrial action with consequences certain to compound prevailing hardship posed to the Nigerian populace by Coronavirus as the union members in refineries in Kaduna and Warri Zones were equally affected by job layoff.
Narrating the situation, Zonal Chairman, NUPENG, Port Harcourt Zone, Mina Samuel, said apart from acting in defiance of extant labour laws and best practices in the sudden sack of the contractor workers, the timing underscored insensitivity on part of the PHRC.
Samuel described as disheartening, “The disengagement of union members by management of PHRC on whose instruction its contractors acted to terminate jobs at this very point the entire world is being ravaged by Covid-19.
“It is the height of insensitivity that whereas the whole world is providing for citizens, putting in place palliatives, economic stimulus and protection of workers right, PHRC, a government agency is terminating jobs and deliberately infusing more hardship on workers
“Consequently, NUPENG gives PHRC 72hours from April 2 to direct its contractors to withdraw all job termination letters issued all NUPENG members in their employ. We advise the refinery management to engage the union once normalcy is restored, if need be.
“PHRC management leaves the NUPENG with no other option than calling all members within Port Harcourt Zone including petroleum tanker drivers, petrol station workers currently risking their lives to render essential services to the nation in the face of Covid-19, to halt the supply of petroleum products in solidarity with affected members”
The union further lamented that, “fuel tankers drivers and others on essential duties are currently not allowed to move freely in Rivers as a result of the lockdown by the state government. We appeal to the government to address this challenge in line with Mr President/State Governor’s directive on exemption of those on essential duty.”
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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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