Business
NUJ Moves To Reactivate Members’ Insurance Policy
The Nigerian Union of Journalists (NUJ), says it is studying its insurance policy with a view to reactivating the process and making it more useful to its members.
The National President of NUJ, Mr Chris Isiguzo disclosed this in an interview with The Tide in Cross River recently.
Isiguzo noted that the policy, which was initiated by the former President of the union, Mr Garba Mohammed, during his tenure, was laudable, though many Journalists did not key into it.
Isiguzo, who was in Cross River for the burial of late Ndoma Akpet, former state Chairman of the union, said his administration planned to reactivate the process with the inclusion of National Health Insurance Scheme (NHIS).
“Mohammed initiated policy and a lot of members have benefited from it actually, but when he left office, because of the way we handle our things, it was not sustained.
“But now we want to reactivate it and even include NHIS because it is not just when somebody dies that he or she will benefit.
“But another thing is that most of our colleagues didn’t even key into the programme, they waited for state governments to enroll them; but this is something that is personal,” he said.
When reminded that the late former chairman enrolled for the insurance scheme, he promised to cross-check his records for confirmation.
“It is good for reminding me, I will check my records, but what we don’t know is, whether he sustained it or he just paid for one year and abandoned it.
“You know insurance policy is such that, when you do not sustain it, it is as good as you did not do it at all”, he said.
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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