Business
Firm Set To Roll Out Wholesale Broadband Services
The Director of Bitflux Communications Ltd., Mr Biodun Omoniyi, has said that the company would rollout its wholesale wireless broadband access services in October.
Omoniyi said this during the Internet Service Providers’ Association of Nigeria’s (ISPAN) meeting with Bitflux Communications Ltd in Lapos, on Wednesday.
The Tide source reports that Bitflux became a licensed wholesale wireless access broadband service provider after winning the 2.3GHz spectrum licence in February.
Omoniyi said that the rollout would take place simultaneously in Abuja, Lagos and Port-Harcourt.
According to him, in the second year of the first rollout, the company will also launch its services in four additional states.
“NCC actually wanted us to cover the country in five years, but we are determined to roll out across the 36 states of the country before the deadline,’’ he said.
Omoniyi said that the company was already working with some vendors and infrastructure providers such as Ericsson, Alcartel, and Huawei, on whose platforms the services would ride on.
He noted that Bitflux was licensed by the Nigerian Communications Commission (NCC) in order to provide services to Internet Service Providers (ISPs) and not the end users.
“Bitflux is not going to provide services to end users, Bitflux is not going to go to offices to provide services, but will offer wholesale wireless access to ISPs; so, we are ready to do business with them.
“NCC is going to supervise the business strategy of Bitflux to ensure it benefits, the retail ISPs,’’ the director said.
He said that Bitflux was not a threat to the ISPs, but was licensed to enhance their businesses in accordance with the National Broadband Plan of the Federal Government.
According to him, the essence of the 2.3GHz licence which Bitflux won is to bring down the cost of high speed Internet and increase broadband penetration.
He said that the company would offer innovative 4G (4Generation) broadband services on a state-of-the-art world-class Long Term Evolution (LTE) network.
Omoniyi said that Bitflux was focused on helping telecoms service providers to grow and dynamically provide a modernised and efficient broadband ecosystem that would redefine lifestyle.
He said that the vision of the company was to innovatively advance the frontiers of broadband experience.
The Chairman of the Policy Working Group of ISPAN, Mr Biyi Oladipo, assured Bitflux of the association’s support to increase broadband penetration in the country.
Oladipo said that the association would continue to sensitise its members to the need to partner with various stakeholders in the Internet ecosystem.
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.
