Business

Again, FG Extends Deadline for NIN-SIM Card Linkage

Published

3 years ago

April 2, 2021

Eric

The Federal Government has announced the extension of the deadline for Nigerians to link their National Identification Numbers (NINs) to their Subscriber Identity Module (SIM) by one month.

The deadline extension follows a request presented to President Muhammadu Buhari to that effect and his subsequent endorsement.

This disclosure is contained in a press statement issued on Friday, April 2, 2021. It was jointly signed by the Director of Public Affairs of the Nigerian Communications Commission (NCC), Dr Ikechukwu Adinde and the Head of Corporate Communications at the National Identity Management Commission (NIMC), Mr Kayode Adegoke.

The approval to extend the period of the NIN-SIM linkage to May 6 was given at the meeting of the Ministerial Task Force on NIN-SIM data linkage and key stakeholders held on Thursday in Abuja.

The statement noted that over 51 million people now have their NINs with a significant increase in the monthly enrolments.

The statement partly reads, “Based on the updates of the NIN-registration process, over 51 million people have been assigned NINs. There are many people who have enrolled and are in the process of being assigned NINs. With each individual having an average of three to four SIMs, the total number of SIMs tied to NINs would be close to the total number of registered SIMs in the country.

The current number of monthly enrollments has increased significantly to about 2.6 million registrations. There has also been a remarkable increase in the number of enrolment centres across the country with about 3,800 centres available for enrollments. There are also many more new centres in the pipeline,”the statement said.

The meeting chaired by the Minister of Communications and Digital Economy, Dr Isa Pantami, was attended by various key stakeholders, including the chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa.

The EFCC boss, while addressing the meeting said that the NIN-SIM card linkage would support the Federal Government’s effort in checkmating the activities of fraudsters and cybercriminals.

Pantami, thanked Nigerians for their patience and compliance with the Federal Government’s directive on the NIN-SIM registration exercise and reiterated the government’s commitment to continue taking decisions aimed at easing the pains of the citizens with regard to issues related to NIN and SIM registration.

Business

Glo Launches New Internet Solution Products for Homes, Businesses

Published

2 weeks ago

April 8, 2024

Eric

Two new products, which provide internet connectivity solutions specially designed for Residential and SME commercial customers, have been unveiled by digital solutions company, Globacom.

The products, Fibre to the Home (FTTH) and Fibre to the Business (FTTB) were packaged for Glo customers to enjoy reliable and high speed internet through linked fibre services.

Globacom said in a statement in Lagos “With these services, businesses and homes can access dedicated internet speeds of up to 1GBps, allowing unlimited internet usages for seamless video calls, video and music streaming and a whole lot of other dedicated usages to promote business success and equally provide endless entertainment for homes”.

It explained that the new product comes with a unique opportunity for “Residential Estates, High Rise Apartments, Commercial SME Estates to enjoy dedicated high speed internet in their cluster”.

These services, according to Globacom, give exceptional experience and unmatched speed for users at home or in offices and are provided through hi-speed fibre – unlike copper which was being used in the past.

Positioning itself as the premier provider of innovative solutions for businesses of all sizes, Globacom assured customers of the best value for money with the new offerings, adding that users who sign on for these services will also enjoy fully dedicated bandwidth.

“We are committed to delivering the most cost-effective data connectivity experience for homes and businesses in addition to providing dedicated and reliable services.” Globacom concluded.

Business

Naira Appreciates Further, Sells at N1,280/$ at Parallel Market

Published

3 weeks ago

March 30, 2024

Eric

The naira, on Friday, appreciated to N1,280 per dollar at the parallel section of the foreign exchange (FX) market.

The current FX rate signifies a 5.19 percent appreciation from the N1,350/$ reported on March 27.

Currency traders in Lagos, also known as bureau de change (BDCs) operators, quoted the buying rate of the greenback at N1,260 and the selling price at N1,280 — leaving a profit margin of N20.

“The price of the dollar as well as other major currencies have been falling. It is affecting our business as some customers prefer to keep their currencies than change it with us,” a currency trader identified as Aliyu told TheCable.

At the official section of the FX market, the local currency depreciated by 0.69 percent to N1,309.39/$ on March 28 — from N1,300.43/$ on March 27.

Meanwhile, the Central Bank of Nigeria (CBN), on March 29, said the economy recorded over $1.5 billion in foreign exchange (FX) inflow this month, indicating its monetary policy initiatives are effective.

The apex bank said the naira is headed in the right direction, and the administration of Yemi Cardoso, CBN governor, remains committed to ensuring the stability of the market and the appropriate pricing of the naira against other major currencies worldwide.

TheCable

Business

NNPC Denies Reducing Petrol Pump Price

Published

3 weeks ago

March 28, 2024

Eric

The Nigerian National Petroleum Corporation (NNPC) Limited has declared that there is no plan to reduce the pump price of Premium Motor Spirit (PMS) aka petrol and Automotive Gas Oil (AGO) aka diesel.

The national oil company disclosed this through a statement on Wednesday by its Chief Corporate Communications Officer, Mr. Olufemi Soneye.

He said: “The NNPC Limited wishes to clarify rumours suggesting a price adjustment for Premium Motor Spirit (PMS) and Automotive Gas Oil (Diesel) at its retail stations nationwide.

“The company asserts that these reports are false and urges Nigerians to disregard them entirely.

“NNPC Ltd. reaffirms its commitment to sustaining the current sufficiency in petroleum products supply across all its retail stations in the country,” the statement added.