Business
Victimisation: Oil Workers Give FG 14-Day Ultimatum
Two industrial unions in the oil and gas sector on Friday gave the Federal Government a 14-day ultimatum to intervene in the issue of victimisation of some of their colleagues by multinational oil firms and other pressing issues.
The President of National Union of Petroleum and Natural Gas Workers (NUPENG), Mr Achese Igwe, and his Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) counterpart, Mr Francis Johnson, gave the ultimatum midway into a joint National Executive Council meeting of the two unions in Abuja on Friday.
Johnson, while addressing newsmen, said the unions had to give the ultimatum to withdraw their services in the oil sector to call government’s attention to pressing issues in the oil sector.
He said this was after exhausting all efforts to solve the issues through dialogue.
He added that the issues include the transfer and sacking of national officers of NUPENG and PENGASSAN by Total and MOBIL, casualisation of workers, violation of workers right to unionisation at the Export Free Zone in Rivers.
He said others are pipeline vandalism and oil theft, the non-passage of the Petroleum Industry Bill, the growing state of terrorism and kidnapping, non-payment of terminal benefit of workers whose appointments have been terminated and appointment inconsistencies in the NNPC.
The president of NUPENG also explained that the unions were left with no better option than to give the ultimatum to go on strike after engaging the General Managing Director of NNPC, Dr Joseph Dawha.
Igwe said the unions had met with the Minister of Petroleum Resources, Mrs Deziani Alison-Maduekwe, the State Security Service, and the management of the affected oil firms.
He added that the leadership of the unions had pleaded with them to reverse the sacking and transfer of the union leaders in their companies but without success.
Igwe also called on the National Assembly to give accelerated hearing to the Petroleum Industry Bill to ensure its passage into law as the current law establishing the NNPC had become obsolete.
He advised the Federal Government to treat the issue of dilapidated roads to the petroleum facilities with urgency.
He also urged the Federal Government to provide necessary facilities to upgrade the Petroleum Training Institute, Effurun, Delta, in consonance with its approved status as Petroleum University.
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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