Business
NUEE To Resume Picketing Of PHED
The National Union of Electricity Employees (NUEE) has given indication that it would soon resume its suspended picketing of Port Harcourt Electricity Distribution Company (PHED).
The State Organising Secretary of the union, Comrade Innocent Lord-Douglas, disclosed this in an interview with The Tide in Port Harcourt, Thursday.
Douglas said the picketing had become imperative in view of the slave labour treatment meted out to electricity workers in the company and over billing of innocent Nigerians who are customers of the company.
He explained that PHED remained the only DISCO in the whole federation where unionism is not allowed, noting that the company is against unionism because of the anti-labour stance of the firm.
“Staff work for 48 hours instead of eight hours and at the end they pay the staff N35,000 while lucky ones get between N40,000 and N45,000.
“No medical facilities, no Air conditioner for those working in the engine room and there is radiation shortening their life span”, he said, adding that PHED is against unionisation because of the unacceptable conditions staff work in the company.
The Publicity Secretary also explained that the over billing by the company has exposed field workers to attacks by aggrieved customers.
He said the picketing which was being planned would involve participations of members of the public who are arbitrarily billed even when they did not get the supply.
He said it was better to shut down the operations of PHED by NUEE and masses for weeks so that, subsequently the company would be fair to its customers and staff.
Chris Oluoh
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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