Business
Workers Hail FG Over August Salary Payment
Some federal civil servants last Friday commended President
Goodluck Jonathan for the prompt payment of August salaries, to enable them to
celebrate the Eid-el-Fitri.
The workers, in separate interviews with newsmen in Lagos, described the gesture as a big
relief especially to the Muslims.
Reports says that the president had directed that this
month’s salaries be paid by Friday, to enable the Muslims to celebrate Sallah.
“I have already received the salary alert from my bank, and
I should be on my way to Ijebu-Ode immediately after work today to join my
family in preparing for the Sallah festival.
“ I can’t just thank the government enough for the gesture.
With some money now in my pocket, I can buy some clothes, shoes and some other
things for my children and wife before the festival.
“I really hope for a fantastic celebration. The gesture is
indeed very commendable,” said Mr Semiu Babalola, a journalist with the Voice
of Nigeria (VON), Lagos.
A member of staff of the Nigerian Education Research and
Development Council (NERDC), Lagos, who pleaded anonymity, said he had already
started planning ahead for the festival.
He described the prompt payment of the salary as a welcome
development and a morale booster for the workers.
He cautioned civil servants against reckless spending as it
could jeopardise their finances before the payment of next month’s salaries.
“This is not the first time the government has ordered the
payment of workers’ salaries before a festival, and each time it happens,
workers overspend and put themselves in financial jeopardy later.
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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