Business
Union Set To Picket Conoil Office In Bayelsa
The leadership of
Maritime Workers Union of Nigeria (MWUN) Bayelsa State chapter has declared its preparedness to picket Conoil Producing Company Limited operating in the state.
A statement issued last Wednesday in Yenagoa by the state chairman of MWUN, Comrade Lloyd Sese, said the union would continue to disrupt the operational activities of the oil firm in the state if the company fails to resolve the outstanding grey areas of disagreement with the union as it relates to the maritime environment.
Sese said the leadership of the union had exhausted all the opportunities of amicable resolution of the dispute with the oil firm management to no avail, hence its resolution to picket the company and disrupt the company’s drilling activities in Ango Field in Koluama Clan, Southern Ijaw Local Government Area of Bayelsa State.
The union leader said the nonchalant attitude of the company’s management made the union to give them a 21-day ultimatum to meet with the union or face being picketed, stressing that had 21-day ultimatum has since expired, hence the union resolved to picket the oil firm.
He said the union members were law abiding, and believe in the sanctity of the laws have written severally to the company requesting a meeting with its management to address the issue concerning its operations in Ango Field, yet the company management failed to address the issue properly.
Sese said that by virtue of the Maritime Environment Law, the drilling operation activities of the company in Ango field falls within the coverage of the union, which the union wants the oil firm to recognise.
Philip Okparaji
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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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