Business
FG Moves To Enhance Protection Of Telecom Consumers
The Federal Government has in Abuja taken further steps to enhance protection of telecommunication consumers against unwholesome practices of telecommunication providers in the country.
The Tide reports that a nine man Joint Investigative Committee (JIC) was inaugurated by the Executive Commissioner, Stakeholders Management, Nigerian Communications Commission (NCC), Mr Sunday Dare, to investigate consumer complaints.
Our source also reports that the committee was formed to also respond to a resolution by the National Assembly (NASS) requiring investigation and remedial measures on grievances by consumers.
According to Dare, a letter is received from the NASS on the increasing rate of dropped calls and other unwholesome practices by telecommunications operators robbing Nigerians of their money.
He said the committee, which comprised members of the NCC and Consumer Protection Council (CPC), would outline existing laws aimed at protecting consumers and how the laws were enforced.
He said it would review the various initiatives targeted at protecting consumers and the various resolutions jointly taken by NCC and telecom service providers to ensure improvement in telecom consumer experience.
“The committee will collate information from the industry working group on quality of service and the task force on call masking.
“It will also prepare reports on its findings which will be forwarded to the NASS and Secretary to the Government of the Federation in response to the letters received by them.
“ The committee, upon inauguration, has duration of one month to complete the assignment,’’ he said.
According to Dare, a consumer satisfaction survey will be carried out by the committee every two years on consumers to rate the performance of the various network providers in the country.
Dare expressed optimism that given the calibre of members that constituted the committee, it would complete the task in good time and provide acceptable responses to the issues.
CPC’s Director-General, Mr Babatunde Irukera, expressed optimism that the collaboration between NCC and CPC would ensure telecommunication consumers got the best value for their money.
“We recognise that the best approach to effective regulation is collaboration and this collaboration captures what is best for the industry.
“The technical knowledge and the skills of the CPC and NCC have the perfect combination of ensuring consumers get value for their money.
“We are very excited and I think this collaboration sends message to the industry that there is alignment by the regulators about what is important, which is the consumers.
“It also tells investors that there is clarity; they will see the country as a destination for investment and it helps consumers know they are the priority.
“I expect the outcome will improve consumer experience. We will bring everything in the CPC to support that process to the end and consumers will be the better for it.
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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