Business
Association Assures On Critical Infrastructure Protection Bill
The Association of Licensed Telecommunications Operators of Nigeria (ALTON) has said that the Critical Infrastructure Protection Bill would be ready before the end of the year.
Chairman of the association, Mr Gbenga Adebayo gave the assurance in an interview with The Tide source in Lagos
He said the bill was already with the National Assembly and a lot of work was already in process to ensure its readiness.
According to him, the Minister of Communications Technology, Mrs Omobola Johnson, is assisting to ensure that the bill is passed into law as soon as possible.
“A lot of work is in process.
“At least, it has more visibility than it had in the past years we have been on the campaign,’’ he said.
Adebayo said the campaign to declare telecom equipment as critical national infrastructure had been on since 2010, but was only sent to the National Assembly in 2012.
He said the enactment of the bill would make vandalism or an injury to telecoms infrastructure by any person, body or institution a criminal act.
Adebayo said there was the need to declare ICT infrastructure a national resources which should be protected just like the railway and electricity installations.
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
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