Business
New Minimum Wage: NLC Boils For Strike
The National Executive Council (NEC) of the Nigeria Labour Congress (NLC) last Wednesday in Abuja, said it would commence a three-day warning strike from November 10 to November 12.
This was contained in a communiqué issued and signed by Mr Abdulwahed Omar and Mr John Odah, President and General Secretary of the NLC, respectively at the end of its NEC meeting.
The communiqué said that NEC condemned the delay in the implementation of a new national minimum wage since the conclusion of negotiations early this year.
It also said it resolved to give the Federal Government a 14-day statutory notice after which it would embark on the warning strike if the new wage was not implemented.
The council said that this was as a result of government’s reluctance to implement the wage several months after the negotiations ended and recommendations made.
“NEC also observed that there is a deliberate connivance between government and the private sector to scuttle the implementation of a new national minimum wage.
“It has therefore, directed that a National Minimum Wage Strike Committee be set up to drive the process for intensive mobilisation for a very successful strike,” the communiqué said.
According to the communiqué, the council also noted the increasing insecurity in the country and called on the political leadership of the country to, as a matter of urgency, overhaul and restructure the security agencies to make them more proactive in their operations.
It also resolved that it would give its maximum support to the new INEC Chairman to achieve credible, free and fair elections in 2011.
“NEC further resolved to embark on a campaign for the sack of Mrs Ayoka Adebayo as Resident Electoral Commissioner of Ondo State given her role in the re-run Ekiti governorship elections which attracted severe reprimand from the Appeal Court Justices that nullified the election of Segun Oni,” it added.
The communique also said that to discourage rigging and other electoral offences which led to the nullification of some elections, Congress would mobilise its allies to campaign for the criminalisation of electoral offences with very stiff penalties.
“NEC also resolved that as part of its voter education and sensitisation programmes, Congress will organise a parley for presidential as well as governorship candidates as well as monitor the electoral processes from voters’ registration to the actual voting in 2011,” it said.
The communiqué further disclosed that NEC deliberated on the sack of 46 teachers at Community Secondary School, Asokoro, Abuja by the authorities of the State Security Service (SSS) to frustrate unionisation of teachers in the school and condemned the sack by the school’s management.
It added that NEC-in-Session noted with concern the fate of pensioners, following the centralised biometric enrolment exercise ordered by the Head of the Service of the Federation (HOSF), Mr Steve Oronsaye, stressing that NEC would seek audience with the HOSF one-on-one in order to resolve the issues.
It also expressed concern over the refusal of government to pay 12-15 per cent pension arrears to pensioners, despite the reflection of same in the 2010 budget and the fact that the Army and Para-military organisations were already enjoying uninterrupted payment of the salary increase.
NEC condemned the Governors of the Eastern states for allowing the strike in their state universities to drag on for months without showing any commitment to ending the dispute.
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.
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