Business
NUPENG Lauds Move To Employ 10,000 Pipeline Guards
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), has applauded Federal Governm- ent’s move to employ 10,000 youths from oil bearing communities to guard pipelines in Niger Delta.
Chairman, South-West Chapter of the union, Alhaji Tokunbo Korodo, gave the commendation while speaking with newsmen in Lagos, Wednesday.
According to the union, engaging youths to carry out pipelines surveillance will reduce militancy and kidnapping in the region.
The Chairman of the Presidential Amnesty Programme, Brig. Gen. Paul Boroh, had on Monday told newsmen in Abuja, that government planned to engage 10,000 youths from the nine oil-producing states to protect oil pipelines against vandalism.
The government’s proposal was part of the outcome of the Aug. 3 meeting between the Acting President, Prof. Yemi Osinbajo, and leaders of the Pan Niger Delta Forum (PANDEF).
Korodo said,”This is a good development if government will fulfil the proposed employment, especially now that there are agitations from different parts of the country.
“The youths in the area are familiar with the terrain of the area and I can boldly tell you that if the government is sincere with the move, our pipelines will be saved from vandalism.
“It will also keep the militants in the Niger Delta away from militancy and kidnapping which is rampant in the area.
“The youths will have hope that at the end of the month there is hope of receiving salary from government”.
The unionist urged the youths to seize the employment opportunity offered by the government with sincerity.
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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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