Business
ICPC Ex-Chair Takes Over Salaries And Wages Commission
The former Chairman of the Independent Corrupt Practices and Other Offences Commission (ICPC), Mr Ekpo Nta, has taken over the leadership of the National Salaries, Income and Wages Commission (NSIWC).
The Chief Press Secretary of the Commission, Mr Emma Njoku, made this known in a statement at the weekend in Abuja.
According to Njoku, the Chairman of the Commission, Chief Richard Egbule, handed over to Nta, who is also the Commissioner for Compensation at the NSIWC, after the completion of his statutory 10 years tenure.
Egbule, while handing over to Ekpo Nta, described his tenure as historic, being the first to complete two terms and the first Chairman as the pioneer staff of the Commission from inception in 1992.
He called on staff of the Commission to get acquainted with the Act establishing the Commission.
This, according to him, will enable them know the enormous contributions and importance of the commission to the development of the civil service and overall welfare of public service.
Nta, in his response, commended Egbule for his achievements in streamlining the nation’s salary administration.
The Tide recalls that Egbule started his working career as an administrative officer on grade level 08 in the office of the head of civil service of the Federation and rose to the post of chief management consultant in the same office in 1992.
He became a pioneer staff of the national salaries, Incomes and wages commission in 1992 and worked to structure and build the commission with the best professional practice.
In 2006, he was appointed the secretary to the commission and on August 17, 2009, former President Umaru Yar’Adua made him the Executive chairman of the commission.
He attained 10 years as the executive chairman on August 17, this year.
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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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