Connect with us

Business

Step-by-step guide to linking mobile phone numbers to NIN

Published

on

No fewer than 40 million telephone lines were barred by telecommunication operators over the weekend following the expiration of the February 28, 2024 deadline issued by the Nigerian Communications Commission mandating telecom consumers to link their Subscriber Identity Modules to their National Identity Numbers.

This represents a 28 million increase from the 12 million telephone lines initially planned to be deactivated by telcos, following the NCC directive.

In a December 2023 notice, the NCC had asked telcos to bar SIMs that had not been linked to their owners’ NINs by February 28, 2024.

On Thursday, the NCC Director of Public Affairs, Reuben Mouka, ruled out an extension of the deadline, warning that telcos that failed to enforce the deadline would be sanctioned.

However, to forestall possible disconnection of your mobile number(s), PUNCH Online highlights the step-by-step guide on how to link one’s mobile numbers to NIN through the use of the NIMC Personal Identity digital application as observed and carefully followed by newsmen.

Download the NIMC Personal Identity application on Google Store or Apple Store.
Downloading the application will give you access to link up about 28 mobile numbers to your NIN.

Input your 11-digit NIN to continue on the NIMC personal Identity page for the linkage.
If you do not know your NIN, retrieve it by dialling *346# on the mobile number provided during the registration or supply your first name, middle name, surname and date of birth in the information box provided by the app to search the NIN.

After proceeding with providing the NIN in the box, it will proceed to confirm your number.
If the number found linked to your NIN is not that known, indicate that you want to use another number in the options provided.

Provide the number and you will immediately get an SMS containing a token to proceed.
If you don’t get an OTP, dial *3642NIN#

You will receive an SMS containing your UserID and OTP.

You will then input the OTP after which you will be taken to your identity platform which will show your UserID and NIN info with a picture.

There’s an icon that will show that you can link your numbers, click on it and add your numbers.

Another OTP will be sent to the number(s) you want to link, input it and it will be linked.

Business

Georgieva re-elected as IMF managing director

Published

on

By

The executive board of the International Monetary Fund (IMF) says Kristalina Georgieva has been re-elected to serve as the lender’s managing director (MD) for a second term of five years.

In a statement on Friday, the board said Georgieva’s second tenure would begin on October 1, 2024.

The IMF had, on April 4, announced Georgieva as the sole candidate nominated for the position.

The board, coordinated by Afonso Bevilaqua and Abdullah BinZarah, said its decision on her reappointment was taken by consensus.

According to the statement, the board held several discussions with Georgieva, in line with the selection process it established on March 13, before making its decision.

“In taking this decision, the Board commended Ms. Georgieva’s strong and agile leadership during her term, navigating a series of major global shocks,” the statement reads.

“Ms. Georgieva led the IMF’s unprecedented response to these shocks, including the approval of more than $360 billion in new financing since the start of the pandemic for 97 countries, debt service relief to the Fund’s poorest, most vulnerable members, and a historic Special Drawing Rights (SDR) allocation equivalent to $650 billion.

“Under her leadership, the Fund introduced innovative new financing facilities, including the Resilience and Sustainability Facility and the Food Shock Window.

“It replenished the Poverty Reduction and Growth Trust, with the capacity to mobilize concessional loans to its poorest members, and co-created the Global Sovereign Debt Roundtable.

“It also secured a 50 percent quota increase to bolster the Fund’s permanent resources and agreed to add a third Sub-Saharan African chair to the IMF Board.

“Looking ahead, the Board welcomes Ms. Georgieva’s ongoing emphasis on issues of macroeconomic and financial stability, while also ensuring that the Fund continues to adapt and evolve to meet the needs of its entire membership.”

The board also acknowledged Georgieva’s focus on strengthening the IMF’s support to its members through effective policy advice, capacity development and financing and pledged to continue to work closely with the managing director.

Georgieva, a Bulgarian economist, has been leading the Bretton Wood organisation since October 1, 2019, when she took over from Christine Lagarde.

Continue Reading

Business

Naira strengthens in parallel market, trades at N1,150/$

Published

on

By

Naira appreciates to N1,419/$ at official market

The naira, on Friday, appreciated to N1,150 per dollar at the parallel section of the foreign exchange (FX) market.

Currency traders in Lagos, also known as bureau de change (BDCs) operators, quoted the buying rate of the greenback at N1,110 and the selling price at N1,150 — leaving a profit margin of N40.

The naira appreciated by 0.86 percent from the N1,160 recorded on April 11.

“The dollar is falling and it is not my fault. It is how the FX market is now,” Lawal, a BDC operator, said.

Also, FMDQ Exchange, a platform that oversees official foreign exchange (FX) trading in Nigeria, said the naira rose by 7.16 percent or N88.23 to N1,142.38/$ on Friday — from N1,230.61/$ on Monday.

The appreciation of the naira is coming a few days after the CBN opened the third tranche of sales to BDC operations.

The apex bank began the sale of foreign exchange to BDC operators at the rate of N1,101/$ on April 8.

Continue Reading

Business

Electricity tariff will reduce if FX rate drops below N1,000, says Adelabu

Published

on

By

Adebayo Adelabu, minister of power, says the electricity tariff will reduce if the foreign exchange (FX) rate drops below N1,000.

On April 3, the Nigerian Electricity Regulatory Commission (NERC) approved an increase in electricity tariff for customers under the Band A classification.

The regulator had said customers under this category receive over 20 hours of electricity supply daily, and will now pay N225 per kilowatt (kW) from April 3 — up from N66.

Criticising the policy, stakeholders had described the increase as “ill-timed” considering the harsh economic reality in Nigeria.

However, on April 5, Adelabu said the tariff hike only affects 1.5 million customers — out of 12 million.

Speaking on Channels television’s Politics Today programme on Thursday, the minister said by cutting the inefficiencies of some operators in the sector, coupled with the gains by the naira against the dollar, the tariff paid by Nigerians should change positively.

“The tariff is flexible and I can tell you that even if naira gains more and the exchange rate comes down below N1,000, it must positively affect the tariff and the tariff even for the Band A will come down below the N225 kilowatt per hour that we are currently charging,” he said.

“There are variable factors that go into the complication of the tariff and we are not closing our eyes to this.

“We are transparent. We are publishing it and we are talking to Nigerians, the consumers and all the power sector stakeholders.

“This administration is very serious and we are committed to transforming the sector.”

Adelabu also said the government is working tirelessly to ramp up power generation from about 4,000 megawatts to 6,000 megawatts in the next six months — “for the first time in the country’s history”.

He said 25 percent of Nigeria’s power generation is from hydropower while the remaining 75 percent is from gas plants.

On the Siemens project, Adelabu said the pilot phase is being concluded, which involves the importation of 10 power transformers and 10 mobile substations.

According to the minister, five of the transformers have been installed and commissioned at various locations across the country; while three of the mobile substations have been installed and are ready to be commissioned within the next two weeks.

Continue Reading

Most Read...