Business
NLC Tasks Govs On New Minimum Wage Implementation
The Nigeria Labour Congress (NLC), says the new minimum wage is the best gift from the government, urging state governors to support policies aimed at improving workers well-being.
Bayelsa State Chairman of NLC, Mr John Ndiomu, told newsmen at the weekend, in Yenagoa, that signing the bill into law by President Muhammadu Buhari was a step in the right direction.
According to Ndiomu, the N30, 000 new minimum wage for workers, though barely enough, is a welcome development and a gift workers appreciate.
“We hope that the implementation will commence immediately. We believe that more good things are coming from the current government.
“I urge state governors however, to always support policies that are meant to improve workers’ welfare.
“In our own state, Bayelsa, the governor has agreed that he will pay once it is signed into law. We are waiting for the process of implementation so that every state will follow,” he stated.
The state’s TUC Chairman, Mr Tari Dounana, described the signing of the wage into law as “ a thing of joy to all workers.”
“It is a good thing to come, so what we are waiting for now is the template of the implementation from the National Income and Wages Commission.
“The workers should be patient and continue to be dedicated in their duties to ensure accelerated economic development,” Dounana advised.
Also reacting to the issue, a civil servant, Mrs Joy Ebimowie, commended the 8th National Assembly and Buhari for signing the bill into law.
Ebimowie expressed optimism that the new minimum wage would go a long way in making life easier for Nigerians.
“It is indeed the breath of fresh air to all workers, as well as the citizens,” she said.
The president had on Thursday signed the new minimum wage bill into law which mandated employers of labour to pay workers a minimum of N30, 000 monthly.
The bill had earlier in March been passed by the National Assembly.
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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.
