Business
Rivers NLC Sues For Govt, Pensioners’ Dialogue
The leadership of the Nigeria Labour Congress (NLC), Rivers State chapter, has called on the leadership of the Nigeria Union of Pensioners (NUP) to amicably dialogue with the state government on payment of their outstanding arrears.
Speaking to The Tide at the weekend in Port Harcourt, the state chairperson of the congress, Comrade Beatrice Itubo said that there was the need for a synergy between the relevant ministries and the leadership of the NUP in the state, rather than issuing threats of unnecessary industrial action.
Itubo stressed that the dialogue would avert any crisis between the government and the union, even as the state government gives priority attention to the workers’ welfare issues.
She added that the state governor was labour- friendly and therefore could not allow the pensioners who have meritoriously served the state in various capacities during their service years suffer or go through hardship.
The NLC boss urged the union leaders to cooperate with the state government in its determined efforts to address the challenges being faced by the workers, especially in the areas of the implementation of their promotion and sundry labour issues.
She called on the workers to continue to support the state government’s policies, programmes and activities towards achieving the desired goals for the overall peace and progress of the state.
Itubo urged the various affiliate unions of the congress to remain calm and loyal to constituted authorities without taking the law into their hands that might lead to breach of the harmonious industrial peace between the state and the organised labour.
The NLC chairperson called for accelerated action by the Presidential Committee on the Review of the N56,000 Minimum Wage as proposed by labour, stressing that workers are anxiously awaiting the outcome of the committee’s recommendations.
Philip Okparaji
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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