Business
NIRA Decries Casualisation In Nigeria’s Private, Public Sectors
The Nigerian Industrial Relations Association (NIRA) in Lagos expressed concern over casualisation in both the private and public sectors of the country.
The President of NIRA, Prof. Dafe Otobo, told an interactive session that permanent employment was gradually giving way to casual labour in Nigeria and some parts of Africa.
“Casual employment is a global trend and has crept into Nigeria. It should be checked in Nigeria so that it will not be abused by employers,’’ he said.
Otobo said an international forum was being organised by the association to address the problem of casualisation, industrial relations and labour matters.
He said the forum scheduled for Lagos from Jan. 24 to Jan. 28, would also focus on public service reforms on the African continent.
Otobo said the conference, which would hold under the aegis of International Labour and Employment Relations Association (ILERA), would attract participants from Asia, Europe and Africa.
He stressed the need for social security, corporate governance and improved industrial relations in the various continents.
On the proscription or banning of unionism in some banks in Nigeria, Otobo described such an action as illegal.
“Banning unionism in any organisation is illegal and it should not be condoned; it is a violation of Nigeria’s Trade Dispute Act and international labour law,’’ he said.
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.
