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SIM-NIN linkage: Blocked lines rise to 40 million

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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 the Subscriber Identity Module 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.

The Chairman of the Association of Licensed Telecommunications Operators of Nigeria, Gbenga Adebayo, then disclosed to The PUNCH telcos would bar 12 million lines as a result of the directive.

However, on Sunday, the ALTON chair revealed that the number of barred lines had risen to 40 million, pointing out that SIMs without NIN were included in the number.

In an exclusive interview with The PUNCH, Adebayo said, “I can tell you that over 40 million lines have been blocked and the affected customers are those who didn’t submit their NIN at all. Some persons have not presented any NIN to operators. They haven’t registered their SIMs or participated in the harmonisation programme.

They simply haven’t made any presentation of the NIN number to their operators and those were the persons blocked. So why is the number so alarming despite repeated warnings? It shows many people still communicate but are not registered.”

In the December 2023 notice, the NCC had also asked the Global Satellite Mobile Communications operators to bar SIMs holders whose NINs have been submitted but not verified by March 29, 2024; and interdict those who have less than five lines linked to an unverified NIN by April 15, 2024.

The Federal Government had, on December 16, 2020, introduced the SIM-NIN synchronisation initiative meant to enable security agencies to track criminals.

The synchronisation involves validating the NIN with the National Identity Management Commission and matching the subscriber’s NIN records with the SIM registration information (verification) to ensure proper subscriber identification.

However, Nigerians have raised questions on why security agencies have not used the SIM-NIN linkage to track criminals, especially bandits and kidnappers, who often use mobile telephone lines to speak with victims’ families during ransom negotiations.

Presently, there are 224.7 million active mobile telephone lines in the country, according to the information released by the NCC on its website.

On Sunday, the ALTON chairman did not give the breakdown of subscribers or SIMs that were deactivated by telcos over the weekend.

He said, “No, we currently don’t have the breakdown of disconnected lines per network right now but I know over 40 million lines have been deactivated.”

Adebayo further hinted that another series of disconnections would be implemented by the end of the month and mid April.

Adebayo said, “The second tier of disconnections that will happen are those who have provided NIN but have more than five Mobile Subscription Identification Numbers associated with their NIN, and these have not been verified.

This is because some have differences in the order of their names, and some have differences in their date of birth.

The information provided to the operator when they did the SIM registration is different from what they provided (to NIMC) when they did their NIN. Some subscribers also have some differences in other records that are very critical to their verification process.

“So these people who have more than five MSINs attached to their NIN and haven’t been verified will be disconnected effective March 30, 2024. So we may have more disconnections happening by the end of this month.

If somebody has given a name that has not been verified and has been receiving text messages to verify and they haven’t done that, by March 30th, those people will be disconnected and the figures will further increase.”

He explained, “There are two sources of data-primary and secondary. During the first registration process, the customer’s information is on-boarded to a server when everyone did the SIM registration but the secondary record is for details given during NIN. Hence your primary record has to be uniform with the secondary data across the platforms before you can be verified.

“Furthermore, for those who have less than five MSINs, by April 15th, they will be disconnected if they don’t harmonise their records before then. So we are going to go through a series of disconnections or service suspensions over the next two months if people don’t follow the laid down regulations.”

Reacting, the President, National Association of Telecoms Subscribers, Adeolu Ogunbanjo, has said the body will seek redress in court on Thursday if the deadline is not extended.

Adeolu, who confirmed that the number of barred subscribers was above 12 million earlier indicated, asked the NCC to consider the plight of customers and grant a 31-day extension.

In an interview with The PUNCH on Sunday, he said, “We have appealed to the Nigerian Communication Commission to extend the deadline till March 31st. But if this is not done, we will observe the situation for the next three days, that is Monday to Wednesday and if this is not granted, we will have to file a case in court on Thursday.

“We have and still appealing that this deadline be extended. We understand their position concerning security issues but a 31-day extension would not harm anyone and that is why we didn’t ask for three months. The NCC boss should please give us this gift as a resumption gift and not punish subscribers.”

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Econony

SEE Black Market Dollar To Naira Exchange Rate Today 17 April 2024

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Black Market Dollar To Naira Exchange Rate Today 17 April 2024 Can Be Accessed 👇

The official naira black market exchange rate in Nigeria today including the Black Market rates, Bureau De Change (BDC), and CBN rates. Please note that the exchange rate is subject to hourly fluctuations influenced by the supply and demand of dollars in the market.

As of now, you can purchase 1 dollar at a certain rate now, however, it’s important to keep in mind that the rate can shift (either upwards or downwards) within hours.

 

What is the dollar-to-naira black market exchange rate?

The local currency (abokiFx) opened at ₦1,115.00 per $1 at the parallel market otherwise known as the black market, today, Wednesday, 17 April 2024, in Lagos Nigeria, after it closed at ₦1,110.00 per $1 on Tuesday, 16 April 2024.

Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Buying Rate ₦1,050
Selling Rate ₦1,100
How does the black market dollar-to-naira exchange rate compare to the official rate?

The official exchange rate of the US dollar to the Nigerian naira, as of today, 17 April 2024, is ₦ 1,161 per US dollar.
This is the rate that the CBN uses for its transactions and interventions in the foreign exchange market. The official rate is also the basis for the exchange rates of other foreign currencies, such as the euro, the pound sterling, and the Chinese yuan.

The difference between the black market rate and the official rate is called the parallel market premium. The parallel market premium indicates the degree of divergence between the official and unofficial markets, and reflects the level of confidence in the naira and the CBN’s policies.

Disclaimer:We do not set or determine forex rates. The official NAFEX rates are obtained from the website of the FMDQOTC. Parallel market rates (black market rates) are obtained from various sources including online media outlets. The rates you buy or sell forex may be different from what is captured in this article.

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Econony

Nigeria’s Dollar Reserves Crash Dramatically as Naira Rebounds

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Nigeria is facing a significant depletion of its foreign-exchange reserves, marking a concerning trend not observed in four years. This development has sparked apprehension amid suspicions that the central bank may be exhausting its dollar holdings to bolster the naira, following its commitment to allowing the currency to float more freely.

According to calculations by Bloomberg, liquid reserves have plummeted by 5.6% since March 18, coinciding with the commencement of the naira’s rebound from its record-low levels against the dollar.

As of April 12, Nigeria’s foreign reserves stand at $31.7 billion, reflecting the most substantial decline within a similar timeframe since April 2020, based on data compiled by Bloomberg.

The decline in reserves comes as the Central Bank of Nigeria grapples with stabilizing the naira amidst economic turbulence and fluctuating global currency markets.

The commitment to a more flexible exchange rate regime was initially lauded as a step towards market-driven currency valuation. However, the rapid depletion of reserves has raised concerns about the sustainability of this approach.

Observers point to the delicate balance between supporting the naira’s value to maintain stability in the economy and ensuring an adequate level of reserves to safeguard against external shocks.

The current trajectory raises questions about the central bank’s strategy and its long-term implications for Nigeria’s economic resilience.

Stakeholders are closely monitoring developments in the foreign-exchange market and urging prudent management of reserves to mitigate risks and maintain confidence in the economy.

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Econony

SEE Naira Rates Against The USD, GBP, EURO Today April 16, 2024

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We are primarily focusing on the Black Market Dollar To Naira Exchange Rate Today, the USD to Naira currency pair are the most traded currency in the FX market.

 

Black Market Exchange Rates

Buying Rate

Selling Rate

Dollar to Naira 1114 1080
Pounds to Naira 1400 1320
Euro to Naira 1214 1140
Canadian Dollar to Naira 1360 1320
Rand to Naira 52 43
Dirham to Naira ‎0 0
Yuan to Naira 62 62
G.Cedi to Nair 119.19 119.19
CFA F. (XOF) To Naira 0.83 0.81
CFA F. (XAF) To Naira 0.74 0.74

Having full knowledge how much USD to NGN black market exchange rate today will give you a better opportunity to plan and make informed decisions.

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