Business
FG, union Talks continue – Wogu
The Minister of Labour and Productivity, Chief Emeka Wogu,
said on Wednesday that consultation was ongoing between the Federal Government
and labour unions for an amicable resolution.
Wogu disclosed this in Abuja when he addressed journalists
after a closed door meeting with union executives.
Our correspodnent reports that the meeting aims at resolving
the trade dispute involving the National Union of Electricity Employees over
retirement benefits and severance allowances to members
According to him, both parties are shifting ground and it
will be premature to leak any information to the media until final conclusion.
He said that the Federal Government and the union were making
progress and gave assurance that the matter would be peacefully resolved.
Earlier, Mr Peter Esele, the President of Trade Union
Congress (TUC), who spoke on behalf of the union, explained that both parties
were shifting grounds but had not really reached any agreement.
He said that members of the union were not present at the
meeting; hence the need for them to be consulted before the union could take
any decision that would affect them.
Esele explained that until labour had made the necessary
consultation, he would not comment on issues discussed at the meeting.
Our correspondent reports that both the Federal Government
delegates and the labour union had met last Tuesday over the dispute but the
meeting was also inconclusive.
Present at the meeting were the Secretary to the Government
of the Federation, Chief Anyim Pius Anyim and Mr Darius Ishyaku,the Minister of
state for Power.
Others included Ms Bolanle Onagoruwa, Director-General of
the Bureau of Public Enterprises (BPE) and Mr Muhammad Ahmed, Director-General
of the National Pension’s Commission.
The workers are also demanding for 25 per cent as stipulated
in the Pension Act.
Business
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.
Business
AFAN Unveils Plans To Boost Food Production In 2026
-
Sports5 days agoAFCON: Osimhen, Lookman Threaten Algeria’s Record
-
News5 days ago2026 Budget: FG Allocates N12.78bn For Census, NPC Vehicles
-
Politics5 days agoWike’s LGAs Tour Violates Electoral Laws — Sara-Igbe
-
Politics5 days agoRivers Political Crisis: PANDEF Urges Restraint, Mutual Forbearance
-
Sports5 days agoPalace ready To Sell Guehi For Right Price
-
Sports5 days agoArsenal must win trophies to leave legacy – Arteta
-
Sports5 days agoTottenham Captain Criticises Club’s Hierarchy
-
Sports5 days agoNetball ‘Project 2027’ Sets Higher Target
