Business
Assocation Charges FG On Low Broadband Penetration
The Association of Telecommunications Companies of Nigeria (ATCON), has urged the Federal Government to declare a state of emergency on the low penetration of broadband in the country. ATCON’s President, Mr Lanre Ajayi, told newsmen in Lagos that the proposal was capable of spurring the deployment of broadband services in un-served and under-served areas. He noted that adequate broadband infrastructure would motivate internet service providers (ISPs) to provide services that would be durable, accessible and affordable in the country.
Ajayi said broadband development would open a new Information Communication and Technology (ICT) frontier for internet users. “Effective broadband penetration was one of the prerequisites for a developed economy, and since the country has achieved voice telephony, there is the need for effective broadband deployment across the country,’’ he said.
On rural-urban telephony, the ATCON president told The Tide source that Nigeria still had a long way to go in bridging the gap.
He advised government to unlock the country’s economic potentials by supporting broadband roll-outs with particular emphasis on mobile broadband. “Effective broadband network will assist in bridging the digital gap in the areas of education, health care, agricultural production and communication. “Broadband will assist the police, the fire service and emergency medical personnel to react quickly to crises, while facilitating co-operation between multiple safety agencies,’’ Ajayi said.
He pointed out that Nigeria was still battling with problems of poor infrastructure in an age when other countries were making efforts to close the digital divide. Ajayi expressed regrets that telecommunications companies preferred to concentrate on urban centres instead of deploying broadband in rural areas. “Broadband penetration in the country will promote the implementation of e-government, e-commerce, internet governance, cyber security, internet exchange, spectrum management and outsourcing, among others.
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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