Business
Nokia Nigeria Assures Of Standard Phones
The General Manager of Nokia Nigeria, Mr Chris Brown, on Tuesday faulted the allegation that the company manufactured substandard phones for the Nigerian market.
?Mr Brown debunked the insinuation in Lagos, as Airtel Nigeria partnered Nokia to launch Nokia’s Asha 501 and Asha 210 phones.
He said that Nokia ideology did not encourage the production of substandard phones, noting that it is the same product that is being manufactured for the American, European, Asian and African countries.
“It will be a lot expensive to start producing differently for each continent. It is the same factor that produces the phones,” he said.
Mr Brown said that although the company had different factories in different countries, each factory produced a particular model of Nokia phones for every country.
He said that there was no difference in the quality of phones produced for the various continents.The general manager said that the company had always held its Nigerian market in high esteem, hence, would not produce any substandard phone for it.
The General Manager said that the Nokia Asha 501 and Asha 210 were smart phones, with high-speed broadband adding that the phones are suitable for the youths, owing to the applications imbedded in them.
Mr Inusa Bello, the Chief Sales Officer of Airtel Nigeria, said that Airtel had to collaborate with Nokia on the 501 and 210 Asha series because of the efficacy of the phones.
Bello said that with the partnership, Airtel would further expand its network to different parts of the country.
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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.
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