Business
Stop Selling Unregistered SIM Cards, FG Orders Telecoms Firms
The Federal Government has directed all telecommunications operators in the country to discontinue the sale of unregistered SIM cards.
Dora Akunyili, the Minister of Information and Communications, gave the directive on Thursday during a meeting with the operators in Abuja.
“You are hereby directed to stop, forthwith, any sale of new SIM cards without capturing the necessary data. Government demands and expects compliance. “There is no going back on SIM cards’ registration. The first phase involving registration of new SIM cards by operators has commenced,” she said.
According to Akunyili, some operators are resisting the registration of new SIM cards, an act which she described as quite unfortunate. She said the poor quality of service by some operators had become a recurring decimal, adding that the government was deeply concerned about the development.
Akunyili directed the management of the Nigerian Communications Commission (NCC) to submit to her office within two weeks, a comprehensive plan of action on how to improve the quality of service. The minister expressed displeasure over the services provided by some of the operators. However, Akunyili assured the telecommunications operators that the government would sustain the growth profile in the industry if they followed laid down regulations.
“We are currently experiencing a boom in the Nigerian telecoms market and government intends to ensure that this growth profile is sustained through sound policies and regulatory framework,” she added. The minister directed the operators to redefine their business from lottery vendors to the provision of core telecommunications service.
“They have employed all manner of tricks to lure unsuspecting subscribers into parting with their hard earned money with the promise of huge rewards,” she said.
Responding, Titi Omo-Ettu, President, Association of Telecoms Company Operators in Nigeria (ATCON), promised that they would go with the government’s efforts to sanitise the industry.
The Director General of the Nigeria Lottery Commission, Tony Igho, who was present, also directed that the operators should register all Short Message Service (SMS) lottery with the commission.
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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