Business
Minister Inaugurates Three Labour Committees
The Minister of Labour and Productivity, Chief Emeka Wogu, has inaugurated three committees established by the National Labour Advisory Council (NLAC).
Speaking at the inauguration in Abuja, Wogu said the committees were to look into diverse labour-related matters. He, therefore, called on the members to put in their best to make Nigerians to enjoy the best of labour peace.
Report say that the first is the Committee on Development of Programmes and Strategies for Mainstreaming the NLAC into the National Development Agenda.
Wogu told the 12-member committee to recommend programmes and strategies for mainstreaming and recognising the position, relevance and roles of the NLAC into the Transformation Agenda of the present administration.
The committee is headed by Mr Mahmud Othman, representative of the Nigeria Employers’ Consultative Association (NECA).
The minister, while inaugurating the second, which is the Committee on the Review of Industrial Relation Practise in Nigeria, asked members to identify existing weaknesses and impediments inimical to productive industrial relations. The committee is headed by Mr Ayuba Wabba, President, Medical and Health Workers’ Union.
Wogu urged it to identify existing committees of the Federal Government dealing with labour issues, recommend their domiciling and how to make improvements on them. He said that was also “ to examine the emerging trend of the establishment of Ministry of Labour and Productivity by state governments and make recommendations to the Federal Government.
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.
