Business
French Unions Protest Labour Bill
Hardline trade unions staged protests across France last Tuesday against an overhaul of labour rules expected to be passed by parliament later in the day.
It is a show of force they hoped would mobilise public opinion for further labour action.
The lower house of parliament, where President Francois Hollande’s Socialist government has a slim majority, is expected to pass his measures loosening firing and hiring rules, opening the way for a Senate vote on April 17.
Some trade unions, led by the left-wing CGT and backed by hard-left allies in parliament, were determined to stir up opposition against what they called a “traitorous” bill, with marches in up to 170 towns and cities.
In the Mediterranean city of Marseille, thousands marched bearing banners with the words “No to breaking the labour code’’, seen as the most comprehensive labour reforms since World War Two. “We won’t let anything part us,’’ regional CGT chief Mireille Chessa told reporters. Accusations from the left that Hollande has abandoned Socialism could weigh on his already dismal approval ratings close to 30 per cent and hurt his party’s performance in municipal elections next year.
Left-wingers are already finding some of the president’s economic policies, such as raising sales tax to fund a reduction in company labour costs, hard to swallow.
Hollande also came under fresh fire this week after his former budget minister admitted he had lied for months about the existence of a secret foreign bank account.
Public opinion on the reforms is divided, but a survey by pollster BVA in March found that 62 per cent of respondents supported passing the bill, making it more popular with the French than Hollande himself.
“The point is to make workers aware of the impact this is going to have on their daily lives,’’ Thierry Lepaon, head of the CGT union, told Canal+ television.
Nationwide protests last month against the labour bill drew 200,000 participants, according to a CGT estimate a modest turnout explained by the fact that members of the moderate CFDT union did not participate.
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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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