Business
Nigerians Spent N3.25trn On Airtime, Others In 2021 -NCC
The Nigerian Communications Commission (NCC) has revealed that Nigerians and other nationals in the country spent N3.25trillion on airtime, data, and other telecommunication services in 2021.
The figure represents 12.74 per cent increase from the N2.88trillion that was spent in 2020 and a 31.55 per cent increase from the N2.47trillion that was spent in 2019, reflecting a sustained increase in the relevance of telecoms services.
NCC disclosed this in its report titled, ‘2021 Subscriber/Network Data Annual Report,’ which was made available to newsmen at the weekend.
”This collation was based on the submissions received from service providers. It indicates that the total revenue in the sector recorded was N3.25tn.
“In 2021, 173.56 billion minutes of calls were made in Nigeria, indicating a 15.07 per cent increase from the 150.83 billion minutes of calls that were made in 2020. The number of SMS sent increased by 15.06 per cent from 8.22 billion in 2020 to 9.46 billion in 2021.
“The revenue was generated by operators in GSM, fixed wired, internet service provision, value service added, collocation and infrastructure sharing, and other spaces.
GSM operators generated 85.42 per cent of the total revenue in the telecoms sector”, the report stated.
According to the NCC, the suspension of sale and registration of new SIMs, SIM swaps, porting activities affected the growth of subscribers in the sector.
”Subscriber number decreased from 204.60 million subscribers in 2020 to 195.46 million active voice subscriptions as in December 2021 with a loss of 9.14 million subscriptions.
“This represents about 4.46 per cent decline in total subscription within the period under consideration. The decrease in operators’ subscriber base was attributed majorly to the effect of the directive from NCC in December 2020 to all GSM operators to suspend the sale and registration of new SIMs, SIM swaps and all porting activities”, it further added
By: Corlins Walter
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.
