NIN: NCC Gives Telcos Dec 30 deadline To Block SIM Cards

NIN: NCC Gives Telcos Dec 30 deadline To Block SIM Cards

The Nigerian Communications Commission (NCC) has given telecommunications operators in the country two weeks to block all SIM cards that are not registered with the National Identity Numbers (NIN). NCC Director of Public Affairs, Dr. Ikechukwu Adinde announced the new Subscriber Identification Module (SIM) Cards rules in a statement on Tuesday in Abuja. Adinde said the implementation followed the earlier directive on the suspension of new SIM registration by network operators by the Minister of Communications and Digital Economy, Dr. Isa Pantami. He said that the minister had convened an…

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AMCON: Six Substantial Achievements At 10

AMCON: Six substantial achievements at 10

The Asset Management Corporation of Nigeria (AMCON) was set up in July 2010. Like other “bad banks” in other parts of the world established in the wake of the 2008 global economic crisis, the motivation for its establishment was to protect the local economy from the impact of the global financial crisis which damaged financial institutions worldwide and contributed to a run on Nigerian banks and the crash of the Nigeria stock market. Many analysts agree that AMCON was the right step at the right time given the historic economic…

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CBN Releases Treasury Bills Calenders For 1st qtr 2021.

CBN Revokes Licences Of 7 Dormant Payment Service Providers

The Central Bank of Nigeria (CBN) has released the first quarter 2021 Treasury Bills calendar with indications that it plans to issue Treasury Bills of N850.4 billion between January and March 2021. N68.1billion is less than N918.5 billion raised in the fourth quarter of the year 2020.   CBN TBills calender for 1st Qtr 2021 The breakdown of the details of the first quarter 2021 Treasury bills as published by the CBN indicates that N76.8 billion worth of Treasury Bills will be available for 91 days while N176.9 billion will…

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Crown Flour Mill Unveils Vitamin Premix Facility, Restates Commitment To Food Fortification

Crown Flour Mill Unveils Vitamin Premix Facility, Restates Commitment To Food Fortification

The top food product manufacturer, Crown Flour Mill Limited, a subsidiary of Olam Group, has committed to deliver Nigeria’s first state-of-the-art vitamin premix facility. The delivery is in line with the 90% food fortification compliance target set at the penultimate edition of the Nigerian Food Processing and Nutrition Leadership Forum. The food manufacturer made this known at the 3rd annual gathering of the top players in the food industry in the country, held virtually on Thursday, 3 December 2020. Speaking at the forum on the firm’s commitment to participate in…

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Akwa Ibom Christmas Village Created Value Of Over 1 Billion Naira This Yuletide Season

Akwa Ibom Christmas Village Created Value Of Over 1 Billion Naira This Yuletide Season

With the ravaging Covid19 pandemic and subsequent lockdown, the 2020 Christmas season looked bleak. Annual events were canceled all over the world including the record-setting annual 9999 events in Uyo. But the opening of the Christmas Village has brought some life back to holidaymakers and citizens of Akwa Ibom. Akwa Ibom Christmas Village is set on a huge spread of land at the cultural center which allows for effective social distancing and respect of Covid19 protocols. It has created a value of more than N1Billion naira since it was opened…

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President Trump Signs Bill That Includes $900 Billion Stimulus Deal After Delay

President Trump Signs Bill That Includes $900 Billion Stimulus Deal After Delay

President Trump signed legislation on Sunday evening that provides crucial government spending and $900 billion in pandemic-related stimulus after demanding that the bill be amended in various ways. The president “has signed H.R. 133, an Act making consolidated appropriations for the fiscal year ending September 30, 2021, providing coronavirus emergency response and relief, and for other purposes,” White House spokesperson Judd Deere stated Sunday evening. The entire $2.3 trillion omnibus spending bill, which funds the government through September 2021, passed both chambers of Congress on Monday night with overwhelming support. The $900 billion coronavirus relief portion of the…

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10 Reasons To Place Your Bet On Africa’s Tourism,Travel And Hospitality Sector

10 Reasons To Place Your Bet On Africa's Tourism,Travel And Hospitality Sector

Despite the negative impacts of COVID-19, writes Bryan Turner, partner at Spear Capital, in an Investment Week opinion piece, “there are grounds for optimism…” Read on for the good news about African tourism post-COVID-19. • Emerging market Africa’s economic power and stability will align with the growth of its population, which is predicted to increase from its current 1.3 billion levels to 4.3 billion by 2100, advices to Turner in his piece Emerging markets may be a bet worth taking. He writes that businesses catering to Africa’s burgeoning consumer base…

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IPOB: Court Sets Jan 27 Date For Kanu’s Trial

IPOB: Court sets Jan 27 date for Kanu’s trial

A Federal High Court in Abuja has fixed January 27, 2021, for the continuation of the trial of the leader of the proscribed Indigenous People of Biafra (IPOB) Mazi Nnamdi Kanu. The matter was fixed for hearing yesterday but Kanu and his lawyer, Ifeanyi Ejiofor, were absent. A lawyer in a sister case, E. Ejiofor, said Ejiofor asked him to draw the court’s attention to a letter he wrote explaining his absence. In the letter, Ejiofor said he heard of the new date of November 26 on November 25. Ejiofor…

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Bank Documents Expose How Buhari’s Ally Isa Funtua Received N840m Windfall From FIRS

Bank Documents Expose How Buhari’s Ally Isa Funtua Received N840m Windfall From FIRS

Using his company Bulet International Nigeria Limited, a small-scale construction firm out of Kaduna, Mr. Funtua received N840 million in four transactions between March and June 2019 as Mr. Buhari was securing another four-year term, documents said. The Federal Inland Revenue Service (FIRS) has been caught transferring public funds to Isa Funtua, a long-time political associate of President Muhammadu Buhari’s, financial records obtained by Peoples Gazette showed. Mr. Funtua died in July 2020 at 78, but he spent his last days palling around with the president as a top gun…

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FG Cancels N20 NIN Retrieval Charge

FG cancels N20 NIN retrieval charge

The Nigerian Communications Commission (NCC)  and the National Identity Management Commission (NIMC) have been ordered to remove the charge imposed on subscribers for National Identification Number (NIN) retrieval requests. NIMC USSD service to retrieve NIN usually attract an N20 fee which will be deducted from the phone credit balance after dialing *346* However, a statement from the office of The Minister of Communications and Digital Economy, Isa Pantami, stated that the fee was canceled to make linking phone lines to NIN easier. The statement titled, ‘Pantami Orders Cancellation Of NIN…

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