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PENGASSAN Lauds Baru Over Staff Welfare
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) branch of the Nigerian National Petroleum Corporation (NNPC), has commended the Group Managing Direc-tor, Maikanti Baru, for the improvement of workers welfare and for promoting industrial harmony since assumption of office.
PENGASSAN National President, Francis Johnson, applauded Baru for being a labour-friendly chief executive, assuring him of more union support as he pilots the affairs of the NNPC.
Johnson described the GMD as the Iroko of the Oil and Gas Industry, who has maintained an open-door policy, stressing that the award was a payback to the NNPC management for its friendly disposition to labour at all times.
He said, in the weeks ahead, the Union planned to sponsor a capacity building training course in the United Arab Emirates (UAE) which participation would be extended to the management to further cement the existing synergy.
Speaking shortly after receiving the award, Engr.Maikanti Baru said NNPC management under his leadership, had witnessed unprecedented collaboration with labour representatives at all levels of the union structure, stressing that this has engendered cordial industrial relations with positive effect on productivity.
Baru noted that NNPC, as a foremost organization within the Nigerian Oil and Gas Industry, was a champion of regulatory compliance in all its operational activities, especially labour laws and domesticated International Labour Organization (ILO) conventions.
He declared that this had been demonstrated in the central role NNPC often plays in resolving industrial disputes across the industry.
According to him,”Our commitment to the promotion of social dialogue and tri-partism, one of the four strategic objectives of the ILO, is resolute’’.
‘’In this regard, management has ensured full representation at the quarterly Chapter Joint Consultative Committee (CJCC), Branch Joint Consultative Committee (BJCC) and the Group Executive Council (GEC) meetings,” he said.
He averred that the current efforts of all parties towards sustainable peace in the industry would be intensified in preparation for the challenges of the future.
The NNPC GMD assured that the accolades and recognition extended to him and other top management of NNPC by the Union would spur them for greater collaboration and synergy.
He urged other awardees and the entire union to continue to put in their best as good ambassadors of the corporation.
Earlier, the Chairman of the occasion and NNPC Chief Operating Officer (COO), Corporate Services, Isa Inuwa, said the essence of the event was the changing perception of labour and industrial relations, stressing that the pattern has changed from in-fighting between management and the union, to industrial peace particularly in the Oil and Gas Industry.
“I want to thank PENGASSAN for its buy-in into contemporary labour relations. The new pattern is for cooperation between management and union so as to create opportunities without boundaries”.
It would be recalled that Baru recently received the Forbes Africa Oil and Gas Man of the year 2017 in recognition of his sterling management style and the value he has brought on board.
Forty seven (47) other top management of the NNPC and retirees were all given different categories of the PENGASSAN award.
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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.
