Business
Subscribers Lament Poor Internet Services On Business
Poor interment services being experienced on daily basis has been described as a distortion to online businesses in the country.
The Tide’s investigations revealed that prospective travellers sometimes find it difficult to book their trips online due to network distortions.
Internet service disruptions were said to have been caused by damage to the West African Cable System, a submarine cable network serving Nigeria and some West African countries.
In an interview with a travelling agent in Port Harcourt, the Manager of BRD Travels, Mrs Adaora Okon, said that network sometimes delayed movement but it was always resolved when a traveller used agents that are detailed in online transactions.
She said, “the problem is that some Nigerians are not detailed on how the online transactions operate.
“Online transactions are getting better than before and the problem of fraud comes in when people log into a website without checking whether it is secured or not”.
She noted the problem of exposing secret code to the public , advising that there was the need for every online business man or woman to secure their business sites (https).
Subscribers of the MTN network were reportedly the most affected by the problem but the telecommunications company said it had since resolved the issue.
The Tide, however, discovered that the problem had not completely been solved as browsing and online transactions were still slow.
A subscriber, Mr Eze Amadi, said operations on the internet these days have been problematic and slow compared to the previous speed.
Eze said he had problems booking for his flight on Monday, due to poor network service, urging the service providers to resolve the problem as soon as possible.
Another online business operator, Mrs Jennifer Chukwu, told The Tide that the problem was not completely solved as the providers promised, stating that internet business moves better when there is speed.
Apart from MTN, there are indications that subscribers of other telecommunications networks are also grappling with the problem of slow internet connections.
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.
