Business
Body Wants Telecom Infrastructure Vandals Executed
The National Association of Telecommunications Subscribers (NATCOMS), has called for a law that would make vandalism of telecommunication facilities a capital offence.
President of the association, Chief Deolu Ogunbanjo, made the call on Saturday in Lagos.
He said the law had become necessary to prevent vandals from sabotaging telecommunication infrastructure and frustrating the efforts of telecommunication operators in proving quality service.
Ogunbanjo said that vandalism of critical telecommunication infrastructure would continue to hamper the provision of quality services to the over 110 million subscribers in the country.
He decried the incessant vandalism of such infrastructure, especially in violent prone areas, adding that it would have negative impact on further investment in the industry.
The NATCOMS president said that such disruptions did not only disconnect subscribers, but also cause embarrassment to businesses and national security.
He said government should declare telecommunication facilities as critical national infrastructure due to their importance.
“Vandalism of critical telecommunication infrastructure has a ripple effect on the economy, including job losses and reduced taxable income,” Ogunbanjo said.
“Government cannot fold its arms and watch the disruption in our networks as this may affect the security of lives and livelihood of Nigerians who depend on the services of these operators,” he said.
He called on the government to beef up security around telecommunication infrastructure nationwide to prevent agents of economic sabotage from destroying critical economic infrastructure.
Business
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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.
Business
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