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NIN Linkage: Millions of Mobile Lines Bared Ahead of July 31 NCC Deadline

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Telecommunications operators in Nigeria have blocked millions of lines from making and receiving calls in a last move to perfect the linking of subscribers’ National Identification Numbers (NIN) with all active SIMs. 

This comes as the telecoms race to meet the July 31, 2024 deadline set by the Nigerian Communications Commission (NCC) to bar all subscribers whose NINs have not been verified.  

Despite the extension of the deadline from the initial April 15, 2024, to July 31, the latest actions by MTN, Airtel, Globacom, and 9mobile, indicate that many subscribers still have irregularities with their NIN-SIM link. 

The telecoms had before now disconnected millions of lines not linked with SIMs.  The current phase being implemented requires the operators to verify all NINs submitted to ensure the owners’ details tally with their details on the SIM registration database. 

While the figures of affected lines across the networks are yet to be released, Airtel in its quarterly results released on Friday disclosed that NINs of 4.9 million of its customers were yet to be verified.  

An official of one of the mobile network operators, who spoke under the condition of anonymity, stated that many subscribers had ignored messages from the telecoms about the need to correct the irregularities in their NIN and SIM data. 

“We all received a directive from the NCC to bar all lines whose owners’ NIN has not been verified. As you are aware, the deadline is July 31, which is why some lines whose linked NINs have not been verified are being barredhis statement read  

“All the affected subscribers on our network have received several messages informing them of the need to update their records. In most cases, you find out that the name on the NIN is not the same as the name used to register the SIM or there’s a photo mismatch or disparity in date of birth. Even though the subscriber had linked his or her line with NIN before, this requires the subscriber to update his or her records to perfect the linkage,” he added. 

He, however, noted that owners of barred lines can still reactivate their lines by visiting their service provider to update their records.  

Recall that in December 2023, the NCC directed all telecommunications operators in to undertake full network barring of all SIMs that have failed to submit their National Identity Numbers (NIN) on or before 28 February 2024.  

Likewise, customers that have submitted their NINs, but remain unverified were to be barred on 15 April 2024. This deadline was, however, shifted to July 31, 2024. Furthermore, guidelines were issued whereby no customer can have more than 4 active SIMs and all such excess SIMs must be barred by 29 March 2024.  

This directive is part of the ongoing Federal Government NIN-SIM harmonization exercise requiring all subscribers to provide valid NIN information to update SIM registration records.  

 

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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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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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