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NCC Deactivates 2.2m Improperly Registered SIM Cards – Official

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The Nigerian Communications Commission (NCC) has completely deactivated 2.2 million Improperly registered Subscriber Identification Module (SIM) Cards across telecommunication networks nationwide.

The Executive Vice Chairman (EVC), NCC, Umar Danbatta, made this known in a statement signed by Henry Nkemadu, Director, Public Affairs in Abuja.

Mr Danbatta said that the commission’s efforts in this regard was in line with one of the key agenda of President Muhammadu Buhari to strengthen security of lives and property for all Nigerians.

“We have since initiated the second phase of SIM deactivation based on the Ministerial directive and as at today, we have completely deactivated the remaining 2.2 million lines on the networks.

“This is contrary to reports by a section of the media, suggesting that nothing has been done with respect to the issue of improperly registered SIM cards.

“Following the September 2019 Ministerial directive, however, the NCC, within a week, intensified efforts by reducing the number of improperly registered SIM cards from 9.2 million to 2.2 million,” he said.

He, however, said that over the years, the NCC had worked with determination and through various policy initiatives, to rid mobile networks of improperly or invalidly registered SIM cards.

The EVC explained that this was to ensure that all the current over 184 million registered SIM cards across Mobile Network Operators (MNOs) networks had valid data that were traceable and not anonymous.

According to him, our efforts received a boost, following the implementation of a Septembet 12, 2019 Ministerial directive that the NCC should compel service providers to block all improperly-registered SIM cards, pending when their owners regularise their registration.

“As at the time the Ministerial order was issued, the Commission, through its Compliance Monitoring and Enforcement team, had reduced the number of improperly-registered SIM cards on mobile networks in the country to 9.2 million.”

He recalled that the commission had, in June 2019, commenced the second round of comprehensive verification audit of MNOs’ SIM card registrations as part of the commission’s ongoing regulatory interventions.

The EVC said that the regulations were the setting up of the SIM Registration Industry Task Force, which led to several resolutions including the Industry Working Group (IWG) on harmonisation of SIM registration process.

He also said that the National Identity Management Commission (NIMC) was inclusive to ensure a clean SIM database, adding that the audit exercise was concluded in August 2019.

“The audit was specifically to ensure strict adherence by telecom operators to the provisions of the Telephone Subscribers Registration Regulations 2011,” he said.

The EVC assured all stakeholders that the commission would continue to aggressively pursue the national objectives of delivering an accurate database of telephone subscribers in Nigeria.

He also stated that stated that the SIM data submitted to the commission was constantly validated for higher efficiency to support the national security objectives of the SIM registration exercise through NCC’s zero tolerance for deviations from the proper registration process.

“I also use this opportunity to restate the Commission’s commitment to the periodic SIM data audit, continuous compliance monitoring exercise on the MNOs, as well as constant consumer education and engagement against using improperly-registered SIM cards.

“We will be able to, collectively, address national security concerns, especially kidnappings, banditry, armed robberies, cattle rustling and other crimes associated with SIM cards across the nation.

“This will ensure that all SIM cards are traceable to their real owners,” he added.

(NAN)

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Economy

Naira Makes More Recovery, Sells at N1,453/$1

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The Naira continued its appreciation at the official market on Thursday, March 21, 2024 to close at N1,453.28/$1, according to data from the Nigerian Autonomous Foreign Exchange Market (NAFEM).

This represents an appreciation of N39.33 when compared to the N1,492.61/$1 it closed on Wednesday, March 20, 2024.

The intraday high was N1,598/$1, while the intraday low was N1,300/$1, representing a wide spread of N298/$1.

Similarly, the Naira appreciated against the dollar at the parallel window to trade at N1,500/$1, this represents an appreciation of N20.00 as against the N1,520 /$1 it traded the previous day.

The Naira also appreciated slightly against the British Pound to trade at N2,000/£1 as against the previous trading day’s price of N2,020/£1 representing a gain of N20 for the local currency.

The Canadian dollar, however, closed flat against the naira to trade at N1,270/CA$1 same as the N1,270/CA$1 it traded the previous day representing a decline of N20 in the local currency.

The Naira gained N30 against the Euro to trade at N1,670/€1 as against the previous closing price of N1,700/€1.

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Economy

Naira Gains Against Dollar, Trades at N1,603/$1

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The Naira, Tuesday continued its recovery against the American dollar as it traded at N1,603.38/$1, data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) window has shown.

This represents a gain of N15.48 when compared to the N1,617.96/$1 it closed on, on Monday, March 11, 2024.

The intraday high was N1,637/$1, while the intraday low was N1,425.35/$1, representing a lean spread of N211.65/$1.

Meanwhile, the Naira gained N12 against the dollar at the parallel market as the local currency appreciated to N1,603/$1 as against the N1,615 /$1 it traded the previous day. As it stands, the naira is trading at the same rate at both official and parallel windows.

The Naira, however, slumped against the British Pound to trade at N2,050/£1 as against the previous trading day’s price of N2,030/£1 representing a loss of N20 for the local currency.

After about two weeks of closing flat against the Canadian dollar, the naira slumped massively to trade at N1,300/CA$1 on Tuesday, representing a decline of N150 when compared to the N1,150/CA$1 it traded the previous day.

The Naira lost N35 against the Euro to trade at N1,740/€1 as against the previous closing price of N1,705/€1 representing a loss of N35 for the local currency.

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Economy

Binance to Close Shop in Nigeria, Stops Transaction, Trading in Naira

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By Reuters – Binance will stop all transactions and trading in Nigeria’s local currency after March 8 amid a country-wide crackdown on crypto exchanges that have been blamed by authorities for feeding a black market for foreign exchange.

It will stop supporting withdrawals after Friday and any remaining balances in Nigerian Naira will be automatically converted into Tether – a stablecoin whose value is pegged to the U.S. dollar.

Last week, Nigerian authorities detained two Binance senior executives on undisclosed charges as part of the crackdown.

They were still in custody, their local lawyer said before a parliamentary committee on Monday.

Source: Reuters

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