Business
NUP Protests Unpaid N3bn Arrears
The Nigerian Union of Pensioners (NUP), Rivers State chapter on Wednesday protested of their pensions and gratuity in Port Harcourt over alleged unpaid arrears totaling over N3 billion.
Over 300 ply cards carrying members of the union besieged the entrance of Rivers State Government House accusing the government of not paying members their 5% and 16% of pension review. He said that instead the government has been organizing frivolous certificate of pension.
Chairman of the union, Comrade Edward Festus who led the protest explained that pension is supposed to be reviewed upward every five years but that the state government has not done this in the past 12 years.
Comrade Festus further stated that the former secretary to Rivers State Government who is presently a member of the National Assembly, Senator Magnus Abe liaised with NUP and carried out computation of pension payment three years ago but regretted that noting has come out of the exercise as the computed payment has not been implemented.
The union chairman appealed to the state government to live up to expectation by paying NUP members outstanding arrears which he claim has accumulated to the tune of over N3 billion.
He said, “pensioners are dying daily without getting their pensions. This is unfair and we want the present administration to reverse this ugly trend”.
Reacting, the Chief of State of Government House Chief Tony Okocha who received the protesters promised to take the pensioners matter to the appropriate quarters. He said that the administration would take appropriate action.
The Chief of Staff also received the union’s protest letter, banners and ply cards from chairman of NUP which he said would be submitted to the state governor.
Chris Oluoh/ Nlerum Bob Friday
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.
