Business
NCC Outlaws Pre-registered New SIM Cards
The Nigerian Communications Commission (NCC), has warned all telecom operators, SIM card vendors, retailers and the public to stop selling pre-registered new SIM cards.
A statement from NCC signed by the Head, Media and Public Relations, Mr Reuben Muoka on Wednesday in Abuja said that selling pre-registered SIM cards was illegal.
Muoka explained that the act of selling pre-registered new SIM cards to the members of the public by vendors or retailers contravened the regulation on registration of phone subscribers.
He said that such person or persons would be liable on conviction to a fine or imprisonment or both, in line with the Nigerian Communications Act 2003.
Muoka added that the commission would hold the network service providers liable when such cards were found to be in use.
He said that the service providers were expected to ensure that new SIM cards were not registered before they were sold to members of the public through their various channels.
He said that those found to be involved in the illegality would face arrest, detention, investigation, prosecution and sanction in line with the provisions of the Communications Act.
Muoka also warned the public to desist from buying pre-registered SIM cards, as they would also be liable if such a line was in any way connected to any crime or misuse.
“Members of the public are advised to go to their operators to register their new SIM cards. Do not be tempted to buy pre-registered new SIM cards when the registration is free,’’ he said.
Muoka said that the commission had intensified efforts on creating awareness to educate the public on the need to register their SIM cards before the expiration of the registration on September 28.
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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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