Business
University Of Abuja Vows To Join Strike
The University of Abuja Chapter of ASUU last Saturday, vowed to shut down academic activities from September 26, (today) following the one-week nationwide warning strike declared by ASUU.
Dr Clement Chup, Chairman of the University of Abuja Chapter of ASUU told a news conference at Gwagwalada in the FCT last Saturday that the chapter had no option than to follow the ASUU national body’s directive.
He said that the National Executive Committee (NEC) of ASUU had called for a warning strike, following the failure of the Federal Government to implement its 2009 agreement with ASUU.
Chup said that the branch had called for a congress after its NEC unanimously agreed to abide by the directive of ASUU.
According to him, government had so far implemented only the salary component of the 2009 agreement, leaving the others out deliberately because of its insensitivity to education.
“What we are talking is an agreement reached willingly between the Federal Government and ASUU two years ago and as I talk to you, the agreement will be due for re-negotiation next year.
“The problem now is what are we going to re-negotiate when the agreement in the first instance has not been implemented two years later,” he said.
The ASUU boss said some components of the agreement were yet to be implemented by the Federal Government, which he said, include funding, amendment of pension law as well as 70 years retirement age for academic staff.
Chup attributed the deplorable state of infrastructure in Nigerian universities to poor funding and insensitivity of government to education.
He said that ASUU’s interest in the strike was not only for its members but to enhance good learning environment that would make the products of Nigerian universities compete favourably with their counterparts globally.
The ASUU boss called on university students to be patient with the union, noting that the struggle was a collective one to enhance quality output from the nation’s universities.
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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.
