Business
Indorama Contract Staff Demand Job Regularisation
Contract workers in Indorama Eleme Petrochemical Limited, last weekend, staged a peaceful protest at the company demanding their regularisation as full staff of the company. Chairman of the contract workers, Mr. Gift Ekpone, who addressed journalists during the protest said, the six months probation given as a condition for the full engagement of the contract workers has since elapsed. He said the contract workers have worked for over two years without receiving any attention or consideration from the management.
Ekpone disclosed that all the appeals of the contract workers to management to get their appointment regularized fell on deaf ears.
Rather, he said, the management of the company prefers to exploit the contract workers without any prospect of getting them absorbed into the mainstream work force.
“We are being exploited like bulls in the plant, we have worked as contract staff for over two years, contrary to the six months probation they gave us as a condition for our regularization. Our future is uncertain, as management has remained adamant to our demands”, he stated.
He called on the Rivers State Government and other labour stakeholders to intervene on their behalf and save them from what he referred to as “slave labour”.
Ekpone also frowned at a situation where Indian workers are given preferential treatment through juicy conditions of service, while Nigerians are made to wallow under dehumanising policies.
He said that, as contract workers, what they receive as allowances could barely take care of their cost of transportation.
Taneh Beemene
Business
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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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