Business
Workers Mark Low-Key Christmas In Abia
Civil servants in Abia marked low-key Christmas celebrations because of the inability of the government to pay workers salaries on time.
Our correspondent reports that although the prices of some goods have remained relatively stable or dropped, traders say sales have been “very low”.
A survey at the Umuahia main market on Wednesday shows that the price of a basket of fresh tomatoes has dropped from N10, 000 in November to N6, 500 per basket.
The check reveals that price of vegetable oil ranges from N600 to N1, 350 for some popular brands.
The price of a popular brand of tin tomato increased from N1, 300 to N1, 800 per carton, while the price of a popular food seasoner rose from N4, 650 to N5, 850 per carton.
The prices of other condiments, such as onions and curry remained stable.
Some of the traders attributed the current sales to complaints of non-payment of the December salary of workers.
Mrs Ozioma Igwe and Susan Obinna, shop owners at the market, said that sales were still “very low’’ contrary to experiences at this period of the month.
Mr Lucky Njoku, who sells poultry products, said the recent increase in the price of animal feeds “led to the hike in the price of fowls”.
Njoku said that an average size fowl, which cost N2, 000 before, currently cost N2, 500, while the big size that cost N3, 000 now sold at N4, 500.
Mrs Catherine Onyema, a civil servant, said that the situation in the market “is not unexpected” considering that most workers had yet to receive their December salary to do their Christmas shopping.
Also, a director in one of the ministries, who pleaded anonymity, said that some parastatal, agencies and organisations in the state had yet to pay the November salary of their workers.
He wondered how workers in such organisations would cope with the economic challenges posed by the Christmas and New Year celebrations.
They appealed to the state government to “do the best it can to pay us” to enable them to meet their needs for the celebrations.
The second-hand clothes section on the rail line, within the market, is enjoying good patronage.
Mrs Marylyn Okafor, a teacher, said that she liked to buy second-hand clothing, otherwise called “okirika”, because ‘the clothes were cheaper than new ones.”
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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