Business
Expert Demands State Of Emergency For Broadband Deployment
An ICT expert, Mr. Richard Edet, has advised the Federal Government to declare a state of emergency for broadband deployment in rural areas.
Edet, who is the Managing Director of SAP Technologies Ltd., told newsmen in Lagos that broadband penetration was low in Nigeria.
He said that effective broadband penetration was one of the prerequisites for a developed economy.
The IT expert said that since the country had achieved voice telephony, there was the need for effective broadband deployment across the country.
Broadband is the speed at which data are transmitted through the Internet.
He said that the country still had a long way to go in bridging the rural-urban telecommunication gap.
“Effective broadband network will assist in bridging the digital gap in the areas of education, health care, agricultural production and communication.
“Broadband will assist the police, firemen and emergency medical personnel to react to crises quickly, while facilitating cooperation between multiple safety agencies, “ he said.
Eket said that Nigeria was still battling with problem of poor infrastructure when other countries were making efforts to close the digital divide.
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.
Business
AFAN Unveils Plans To Boost Food Production In 2026
-
News5 days ago2026 Budget: FG Allocates N12.78bn For Census, NPC Vehicles
-
Sports5 days agoAFCON: Osimhen, Lookman Threaten Algeria’s Record
-
Politics5 days agoWike’s LGAs Tour Violates Electoral Laws — Sara-Igbe
-
Politics5 days agoRivers Political Crisis: PANDEF Urges Restraint, Mutual Forbearance
-
Sports5 days agoPalace ready To Sell Guehi For Right Price
-
Sports5 days agoArsenal must win trophies to leave legacy – Arteta
-
Sports5 days agoTottenham Captain Criticises Club’s Hierarchy
-
Sports5 days agoNPFL To Settle Feud between Remo Stars, Ikorodu City
