Business
‘ULC Protect Workers’ Welfare’
The Rivers State Chairman of United Labour Congress (ULC), Comrade Charles Eleto has said that the new Labour Union in the state was to protest and preserve the welfare of Nigerian workers in the state.
He stated this, during his address at the inauguration of the state’s ULC chapter in Port Harcourt at the weekend.
Eleto, said that the union was also prepared to dismantle all problems and challenges that characterize low productivity.
The union leader, also informed that his leadership would control the issue of victimization, intimidation and other challenges that workers face in the country.
He further pointed out that the union would address challenges like outright sack, non payment of entitlements by greedy captains of labour.
According to him, both captains of Labour and oil Companies operating in the state are guilty of non commitment to worker’s welfare, saying that the end to such has come.
In his speech, the immediate paid factional NLC leader in the state, Comrade Adah Williams, tasked the Eleto-led government on the need for unity.
He was of the view that since unity was the strength of the union, it would be out of place to operate under any form of crisis.
Williams also cautioned against divide-and-rule syndrome, adding that all must be carried along in the interest of the union.
Also speaking, ex-Trade Union Congress (TUC) chairman in the state, who swore in the executives of the union, Comrade Chika Onuegbu, charged them on the importance of team work, saying that a house divided against itself cannot stand.
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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.
