Business
Fake Cell Phone Batteries Flood PH Markets
With Nigeria
ranking as one of the highest users of cell phones in the world today, the incidence of fake phone accessories flooding the Nigerian market could not be ruled out.
According to investigations carried out by our correspondent in parts of Port Harcourt, one of the most bandied phone accessories is the battery.
From Mile One to Garrison, and phone village, near MTN head office on Port Harcourt-Aba expressway amongst other locations, heaps of fake phone batteries are hawked daily.
Although the sellers claim the “originality” of the items, some members of the public who have patronised them say otherwise.
Narrating his ordeal from the fake battery sellers to our correspondent, Telema Elijah said he has bought three sets but as soon as they are charged, they packup.
According to him, the hawkers who were always on the move were difficult to locate even as he said even if you try to recognise them, they would deny.
For Dumnamene Duye, the solution lies with the public.
He said with common sense one should not buy such products that are displayed under the sun as they were sure to lose the little energy left in them.
He explained that such business was flourishing due to the fact that government agencies could not check the influx of such products into the country.
However, a phone shop owner at Garrison Bus Stop who spoke to our correspondent under condition of anonymity on the suspected fake battery sellers issue denied any collaboration with the hawkers.
According to him, he deals with the wholesalers who deal directly with the importers even as he claimed his products were recognised by the relevant government agencies.
On reports that phone dealers remove original accessories like power bank and sell separately to customer, he said the allegation was not true.
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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