Business
Strike Looms As NUPENG Threatens Agip
The Eastern Zone of the National Union of Petroleum and Natural Gas Workers (NUPENG), has threatened that it will have no option than to go on strike if the Nigerian Agip Oil Company (NAOC) refuses to pay all the entitlements due its members who had been relieved of their employments.
Making this known to newsmen in Port Harcourt, the Eastern Zone chairman of NUPENG, Godwin Eruba said that the union is not happy with NAOC for relieving its members of their jobs without paying them their entitlements.
He said that they have given Agip two weeks to settle every issue of entitlements due their members, and that failure to do so will lead to an indefinite strike.
The NUPENG Zonal Chairman who was very angry over the situation, recounted the hazards that members face on the job and wondered why Agip could resort to sacking workers without payment of their entitlements and benefits.
Eruba explained that these sacked workers have put in between 15 months and 15 years in the employment of Agip.
To this end, he maintained that if after two weeks, their demands are not met, that they will have no option than to mobilise all the tankers and their members for the strike.
He also called on government and all well-meaning individuals to prevail on Agip to settle all issues of entitlements and benefits of the sacked workers, so as to avert the impending strike.
Corlins Walter
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.
