Business
NLC Condemns Poor Working Conditions In Firms
The Nigeria Labour Con
gress (NLC) has spoken against the poor and unsafe conditions in which Nigerian workers had to discharge their duties across the nation.
The President of NLC, Ayuba Wabba, registered his displeasure at this year’s World Decent Work Day (WDWD), which held at Abuja, Friday.
While speaking at the event, Wabba stated that the day was established by the International Labour Organisation (ILO), to draw attention of corporations worldwide, to issues of decent work environment.
He said, “We demand, as we march for the 2016 World Decent Work Day, that a labourer, a pensioner deserves his wages. There must be dignity in labour, let us collectively end corporate greed, let there be enough so that there will be shared posterity”.
He continued, “despite the fact that the world has witnessed unprecedented accumulation of wealth in the last one decade, the workers that have created the wealth have remained in abject poverty, this must not be allowed to continue to happen”.
Additionally, he said, “the condition of workers around the world is nothing to write home about in the context of the Nigerian situation. The working class is passing through a lot of difficulties, salaries are not being paid in some states as at when due, pensions are not being paid, and gratuities are not being paid in many states in the last 15 years”.
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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