Business
NATCOMS Tasks NCC On N1.17bn Fine
The National Association of
Telecommunications Subscribers (NATCOMS), has appealed to the NCC to use the
N1.17 billion fine imposed on some GSM operators to compensate subscribers.
The
president of the association, Chief Deolu Ogunbanjo, made the
suggestion in an interview with newsmen in Lagos recently.
He said that subscribers bore the brunt of
the poor services rendered by the operators.
According to him, subscribers are the
worst hit by the poor services of the GSM operators and they should, therefore,
be compensated.
He said that NCC, as the telecoms
regulator, had the responsibility to ensure that users of the
telecoms services were not exploited.
Ogunbanjo said that the fine imposed on
operators would let them know that Nigerians could no longer tolerate poor
services.
“The fine must be passed on to
subscribers according to their volume of calls and usage of the Internet,’’ he
said.
“The regulator should rather compel
operators that were fined to provide free services to compensate for their
regular poor services.
“When the blackberry service messed up for
about four days sometimes last year, the operator did not wait for NCC to slam
them.
“The blackberry company had the decency to
extend everybody’s subscription for about four days as compensation, but our
own GSM operators are not like that.
“Telecoms operators should be made to
provide free services for one week without service interruption,’’ the NATCOMS
boss said.
It would b recalled that MTN, Etisalat,
Airtel and Globacom were panalised by the NCC for poor services rendered to
subscribers in March and April.
They were ordered to pay N1.17
billion as fines with MTN expected to pay N360 million, Etisalat N360 million,
Airtel N270 million, and Globacom, N180 million, respectively.
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.
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