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EU Scraps Airport Passport Stamps For Biometric Screening

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The European Union (EU) airports are preparing for the European Entry-Exit System (EES), set to launch in October 2024 for non-EU nationals which will involve scrapping of airport passport stamps.

This new system will also require the collection of biometric data from nationals of third-world countries entering the Schengen Area.

The EES aims to enhance border security and streamline border crossings

The EES, set to launch in October 2024, mandates the collection of biometric data from nationals from developing (third world) countries entering the Schengen Area, aiming to enhance border security and streamline border crossings.  

Already, between 2020 and 2024, nearly 7.1 million non-immigrant visas were granted to foreign nationals for tourism or business purposes in the US.

However, reports indicate that many of these individuals entered the country without undergoing the required in-person consular interviews and biometric screening. 

The Inspector General of the US Department of Homeland Security (DHS) has acknowledged that the exact number of visa applicants who bypassed biometric screening remains unknown, according to Visaguide 

Biometric Update reveals that the fingerprint waiver program for non-immigrant visa holders ended in December. Despite this, many port directors at various entry points were unaware of this change for the past four years. 

These findings come as the DHS Inspector General also highlighted inefficiencies in the department’s screening and verification processes, including for asylum seekers with long-pending applications. 

Thus the EES is designed to register travelers from non-EU countries each time they enter or exit the Schengen zone, capturing biometric data such as fingerprints and facial images upon arrival and departure. 

It will also record refusals of entry. EES will replace the current system of manual stamping of passports, which is time-consuming, does not provide reliable data on border crossings and does not allow a systematic detection of over-stayers (travellers who have exceeded the maximum duration of their authorised stay)

“EES will contribute to prevent irregular migration and help protect the security of European citizens

 “The new system will also help bona fide third-country nationals to travel more easily while also identifying more efficiently over-stayers as well as cases of document and identity fraud,” the EU states on its website. 

Despite the planned launch in October, there are concerns about the readiness of some EU airports, particularly smaller regional ones, to handle the new procedures. Dozens of airports across Europe are unprepared for the European Union’s upcoming biometric travel registration scheme, the Entry-Exit System (EES), according to the International Air Transport Association (IATA). 

Concerns about unresolved issues needing urgent action have been raised by Rafael Schvartzman, IATA’s regional head for Europe. 

Travellers from third-world countries such as Nigeria and others should be prepared for longer queues, especially at smaller airports that might not be fully equipped for the EES yet.

Expect to have your fingerprints and facial images scanned upon arrival and departure. 

A mobile app for EES registration is in development, but its launch date and functionalities remain unclear.

While its availability could expedite the process, travellers shouldn’t rely on it for now.  As the October deadline approaches, both third-country nationals and airport authorities must adapt to these significant changes.

The successful implementation of the EES is crucial for ensuring smooth and secure travel experiences for all non-EU visitors entering the Schengen Area.

Travellers are advised to stay informed about the latest updates on the EES implementation and check with their chosen airports for specific procedures. Given the evolving situation, delays or adjustments to the rollout timeline are possible.

 

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Business

CBN Restores BDC Access to FX Market, Caps Weekly Purchases at $150,000

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By Huldah Shado

The Central Bank of Nigeria (CBN), has approved the participation of licensed Bureau De Change (BDC), operators in the Nigerian Foreign Exchange Market (NFEM), allowing each BDC to purchase up to $150,000 weekly.

The approval was contained in a circular dated February 10, 2026, signed by the Director of the Trade and Exchange Department, Dr. Musa Nakorji, and addressed to authorised dealer banks and the general public.

The CBN said the move is aimed at improving foreign exchange liquidity in the retail segment of the market and meeting the legitimate needs of end users, amid a widening gap between the official and parallel market exchange rates.

Under the new arrangement, licensed BDCs can access foreign exchange from the NFEM through any authorised dealer bank of their choice at the prevailing exchange rate.

The apex bank directed banks to carry out full Know-Your-Customer (KYC), and due diligence checks on BDC clients before selling foreign exchange to them.

It also imposed reporting and transparency requirements, mandating BDCs to submit returns electronically to the CBN.

In addition, the bank prohibited third-party transactions and limited cash settlement to a maximum of 25 per cent of each transaction.

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Abuja Reports

Ultraviolet MFB MD Visits Equity Circle, Eyes Strategic Partnership

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By Samson Adeyanju 

The Managing Director and Chief Executive Officer of Ultraviolet Microfinance Bank, Bayonle Omoyele, has paid a working visit to Equity Circle, one of Abuja’s fast-growing real estate companies, as part of efforts to strengthen strategic partnerships within Nigeria’s real estate sector.

During the visit, Equity Circle’s Co-Founder and Chief Marketing Officer, Fabian George, conducted Omoyele on a tour of the company’s facilities and outlined its growth trajectory.

He disclosed that the firm recorded significant milestones over the past four years, culminating in an ₦8 billion revenue in the 2025 financial year.

Discussions between both parties focused on establishing a strategic credit relationship, with proposed areas of collaboration including invoice discounting, structured credit solutions, and cash-flow management support to help Equity Circle sustain and scale its operations.

Addressing Equity Circle staff during an interactive session, Omoyele emphasised the importance of strong marketing fundamentals, highlighting the 4Ps of marketing-Product, Price, Place, and Promotion, as key drivers of long-term competitiveness and brand leadership.

He also urged the team to adopt a long-term growth mindset, remain focused, and ensure that every unit contributes meaningfully to the organisation’s strategic goals, noting that disciplined execution is critical in Nigeria’s evolving real estate market.

The visit underscores Ultraviolet Microfinance Bank’s commitment to supporting high-growth enterprises through tailored financial solutions and partnerships that promote sustainable economic development.

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Business

Moniepoint Strengthens Africa’s Tech Talent Pipeline with DreamDevs Cohort 2

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By Omoniyi David

Moniepoint Inc has reaffirmed its commitment to building Africa’s technology talent pipeline, announcing the opening of applications for the second cohort of its flagship DreamDevs initiative.

Co-Founder and CTO Felix Ike described DreamDevs as a programme that equips recent graduates with industry-ready skills and hands-on experience to bridge the continent’s tech talent gap.

“The success of our first cohort validated that Africa’s young tech talent can compete globally. This year, we aim to convert half of our participants into full-time employees,” Ike said, adding that the initiative creates sustainable career pathways that drive Africa’s digital economy.

DreamDevs complements Moniepoint’s other talent development programmes, including HatchDev, in collaboration with NITHub, University of Lagos, which trains about 500 specialised developers annually, and the Women-in-Tech programme, now in its fifth year.

The initiative also aligns with the Federal Government’s 3 Million Technical Talent (3MTT), programme, with Moniepoint serving as a key sponsor, offering graduates a specialised pathway from training to employment.

DreamDevs underscores Moniepoint’s broader mission to leverage technology to empower Africa’s youth and advance the continent’s digital economy.

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