Business
Rivers NLC Pickets Eastern Bulkcem
The Nigeria Labour Congress (NLC) Rivers State Council, has picketed Eastern Bulkcem Company Limited on Tuesday for not implementing the agreement reached between workers, management and labour.
Speaking with leader of NLC Picketing team, Comrade Morrison Otanjah said the company deliberately refused to implement the agreement reached with the state congress, precisely on the 31st August, 2009.
According to him, some of the issues contained in the agreement, states that management should conclude the recent conversion exercise with harmonisation of salaries, appraisals and promotion in order to motivate the workforce and productivity.
Comrade Frank Ifebor who spoke on behalf of the four unions said the unions had given the management time to announce the implementation of the agreement.
“We have given the management enough time, infact, exceeded the normal labour ultimatum days, but there was no response and the only way is take the proper action”, he said.
According to Ifebor, the major reason for the strike action is borne out of the fact that management failed to pay the accrued gratitude owe workers which was contained in agreement signed by the management and federal Ministry of Labour and Productivity. “We are partners in progress, but the management have failed in their part to implement the condition of service which they accepted to implement”, he stated.
When The Tide reporter contacted the public relations officer of the company, Chief Collin Wagbara, he said the management had not given him the mandate to speak on the issue.
The Divisional Police Officer incharge of Rumuolumeni Police Station, Patricia Momoh advised the striking workers not to be violent, saying that if they are demanding for their right, it should be done through dialogue.
Tonye Orabere
Business
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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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