Business
Oil Firm’s Workers Protest Over Unpaid Salaries
Aggrieved surveillance workers in the coastal community of Opu-Nembe in Bayelsa State have staged a peaceful protest over the refusal of Aiteo Eastern Exploration and Production Company, operators of (OML) 29 oil facilities at Odema Creek and Santa Barbara Flow Stations to pay their outstanding salaries.
The protesters numbering 80 persons under the aegis of Opu-Nembe Surveillance Company Forum yesterday stormed the company with several speed boats carrying placards.
Some of the placards read: Aiteo stop your divide and rule tactics among the host community, contractors need fair deals.
Speaking to The Tide, leader of the protesters, Nicholas Ebiye urged Aiteo to come up with an upward review of their companies contract values, adding that this must be in line with their newly employed surveillance workers, to enable them pay salaries on equal scale.
The protesters also demanded amongst others that Aiteo should provide speed boat for free mobility as well as provision of safety Protection Equipment (PPE).
The workers also want the company to make prompt payment of their monthly emoluments and effect payment of bonus at the end of every six months.
They equally demanded for payment of arrears owed them since 2015 when Shell Petroleum Development Company SPDC devasted the facility to the company.
Nicholas, who expressed dismay over the alleged inability of Aiteo to keep to their corporate social responsibilities, said the company has refused to pay money owed its host community.
According to Nicholas, “None of our community based contractors is paid till date, we are being owed five to eight months”.
Contacted, the Acting Operational Supervisor, Umezuruike Onybuchi assured the protesters that he would channel their grievances to the management for a dialogue.
Chinedu Wosu
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.
