Business
‘NLC Strike, Total Failure In Rivers’

L-R: Executive Chairman, Coalition Against Corrupt Leaders, Debo Adeniran, Minister of State for Petroleum, Mr Ibe Kachikwu and Minister of Information and Culture, Alhaji Lai Muhammed, at the interactive session of the Ministers with Coalition of Civil Society Organisations and other officials on the issue arising from the recent increase in the pump price of petrol in Lagos on Monday.
The factional chairman
of the Nigeria Labour Congress (NLC), Rivers State chapter, Comrade Addah Williams, has declared that the recently suspended NLC strike was a total failure in the State.
Speaking to The Tide in Port Harcourt on Monday, the NLC Williams said that the authentic labour leaders being led by him shunned the strike action in the state to rather dialogue with the government on how to cushion the effects of the petrol pump price hike on ordinary Nigerians.
Addah said that the other faction of the NLC in the state has no interest of the workers and Nigerians to mobilise the workers out for a strike, adding that the strike action has proved to Nigerians the true and authentic labour leaders protecting their interests.
He said that Comrade Joe Ajaero truly is the authentic NLC National Chairman having negotiated with the federal government on behalf of the workers on the appropriate palliative measures to be put in place towards alleviating the suffering of ordinary Nigerians.
He said that NLC under his able leadership in the state would continue to partner with the state government and the private sector employers on how to prioritise the welfare of the workers both in private and public sectors.
The NLC factional chairman commended the entire workforce in the state, market women, members of the National Union of Road transport Workers (NURTW), members of the Trade Union Congress of Nigeria (TUC) and other affiliate unions for shunning the strike action.
He said labour believes that the federal government must increase the minimum wage paid to workers to N90,000 considering the multiplier effects of the increase in the new petrol price on other commodities in the markets across the country.
He said that the Ajaero’s faction of NLC never supported the deregulation of the petroleum downstream sector despite the National Union of Petroleum and Natural Gas Workers (NUPENG) being an affiliate member of the Ajaero’s faction.
Philip Okparaji
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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