Business
Health Workers Demand Minimum Wage Review
Workers of teaching hospitals and research institutions have called for urgent review of the national minimum wage to avert industrial action.
The workers, under the auspices of Senior Staff Association of Universities’ Teaching Hospitals, Research Institutes and Associated Institutions (SAUTHRIAI), made the appeal in a communique at the end of their meeting in Lagos.
The communique, made available to newsmen on Monday in Zaria, Kaduna State, was signed by the association’s Sectoral Chairman and Secretary, Felix Uwadiae and Ademola Olajire, respectively.
The communique said, “The council frowns at the delay in reviewing the current National Minimum Wage in the face of current economic realities.
“The council supports the decision of the two labour centres (NLC and TUC), to expedite actions in getting the committee appointed to commence work immediately to avert possible industrial action.”
It added that, the council in session observed with great dismay the nonchalant attitude of government towards payment of 53.37 per cent salary arrears arising from wage increase since 2009.
“The council therefore demands immediate payment of the arrears, failing which workers in the research institutes will embark on industrial action.”
The communique lamented the imposition of additional tax leading to irregular deductions of salaries, allowances, union dues and other obligations by IPPIS, which had resulted to workers’ untold hardship.
It appealed to the Federal Government to look into the complaint with a view to ending the difficulties being faced by workers.
The communique demanded amendment of laws establishing the Tertiary Education Trust Fund (TETFUND), to enable research and other allied institutions benefit.
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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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