Business
Telecoms Dealers Warn Subscribers On Simcards
Telecommunication dealers have advised subcribers to desist from patronising hawkers of pre-registered sim-cards.
Speaking with The Tide Wednesday in Port Harcourt, a private telecoms dealer Chief Chikodi Aja Amadi, said the issue of patronising unlawful sales of pre-registered sim cards is criminal.
He said that recent reports by the Nigerian Communications Commision (NCC), showed that some individuals were still patronising hawkers of pre-registered sim cards.
The Tide gathered that the NCC had some time ago warned that it was trailing such violators, saying that those arrested for hawking such cards would be handed over to the police for prosecution.
Amadi said, sim cards cannot be activated without the data of the buyer being captured, adding that subscribers should learn how to use lawful means in all their transactions.
According to him, those involved in the hawking of pre-registered sim cards were trying to destroy the data being built for the country by the government.
He explained that the aim of the registration was to furnish the NCC with bio-data of telephone subscribers in the country.
The business tycoon regretted that such moves are being sabotaged by some Nigerians who wanted to make quick money for selfish gains.
“The effort of the NCC in building effective database of Nigeria mobile phone users seems to be thwarted by some fraudulent individuals but on sabotaging any laudable venture by the government” he said.
He noted that it is in a way defeating the aim of the registation exercise, while calling on the commission (NCC) to work out modalities on how to check criminal elements in the telecommunication industry.
However, he has called on the beneficiaries of the Ikwerre Local Government ICT empowerment as sponsored by Hon Azubuike Wanjoku, Welendu Amadi and Ezemenye Ezekiel- Amadi, to ensure that they make best use of the computers in order to encocurage more public spirited people in the area.
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.
