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Dangote lists economic benefits of National Identity Card

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President of Dangote Group, Aliko Dangote, has called on Nigerians to get enrolled in the ongoing registration for National Identity cards being carried out by the National Identity Management Commission (NIMC).

The business mogul made the call just as the NIMC disclosed that it has enrolled till date 30 million Nigerians and that efforts are on to capture the entire population within the next three years.

Dangote spoke when the management of the commission visited him in his office in Lagos and presented him with his Identity slip as well as a draft report of the Strategic Roadmap for Developing Digital Identification in Nigeria.

He explained that the national identity management policy of the federal government is pivotal to the economic growth strategy being implemented by the government, saying key government services would be delivered efficiently and effectively when government knows the categories of Nigerians in need of such services.
According to him, critical government programmes relating to social safety net, education, financial inclusion, insurance cover as well as credible elections depend heavily on proper identification.

Dangote told the NIMC management to copy from the India with a larger population and which had also successfully carried out digital identification of all its citizens and that with collaboration with partners and adequate awareness campaign, the commission can successfully accomplish the task of enrolling all Nigerians within the shortest possible time.

The businessman commended the commission management for its foresight in tapping into the Indian strategy and seeking collaborative efforts to carry out its assignment

Speaking earlier, the Director-General and Chief Executive Officer of the Commission, Mr. Aliyu Aziz said the commission is adopting an ecosystem just as india to liberalise the enrolment process by licensing state and local governments, business organizations, bodies and agencies to enroll the citizens while the commission only regulate their activities.

He stated that after the enrolment, the NIMC would then pay the organisations on performance based taking into consideration the number of citizens enrolled successfully. The commission, he added, was in the final stage of the system.
Aziz explained that the system is programmed to start in July and when followed through the entire population could be captured within the next three years while noting that the national identity card would be a multi-purpose one that could be used to access a lot of services that the people depend on daily.

He said: “We are trying to do eco system as adopted in India the simplify the process of capturing the citizens. NIMC will license state, local governments, business organisations and agencies who will do the registration and the NIMC will only regulate their activities.
“At the end of their exercise, the NIMC will pay them on performance basis, we are in the final stage of approval. We intend to start in July and when implemented, we plan to conclude the registration of all Nigerians within three years.
“The card is a multi-purpose one as it will help in the allocation of many resources. Since we started, we have been harmonizing the people’s data with the Bank Verification Number (BVN). The card we are issuing would be second to none in quality because of the multi-purpose nature”, Aziz stated.

The NIMC boss said his commission has stepped up its registration drive over the years revealing that from the Seven million peoples registered in 2015, the commission has captured 30 million Nigerians till date. “The Identity card number is similar to the United States social security number and the Britain’s Insurance number, and Nigeria’s card will carry all the features too”
Aziz disclosed that already the commission has 900 registration centers across the country for enrollment and called on Nigerians to avail themselves of the center near to them.

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BUSINESS

CBN injects another $210m into Forex Market

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In its latest round of intervention, the Central Bank of Nigeria (CBN) on Tuesday, November 13, 2018, injected the sum of $210 million in the inter-bank foreign exchange market.

Figures obtained from the CBN indicate that the authorized dealers in the wholesale segment of the market received the sum of $100 million while the Small and Medium Enterprises (SMEs) and invisibles segments were allotted the sum of $55 million each.

The Bank’s Director, Corporate Communications Department, Mr. Isaac Okorafor assured that the CBN would continue to sustain liquidity in the forex market. He also expressed optimism that the Naira will continue its strong run against the dollar and other major currencies around the world, considering the stability in the market and robust reserves.

The Central Bank of Nigeria (CBN) had on Friday, November 2, 2018, made interventions to the tune of $337.16million in the retail Secondary Market Intervention Sales (SMIS) and CNY 56.17million in the spot and short-tenored forwards segment of the foreign exchange market.

Meanwhile, the Naira on Tuesday, November 13, 2018 exchange at an average of N360/$1 in the BDC segment of the market.

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BUSINESS

Diamond Bank denies merger, acquisition talks with Access Bank

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Diamond Bank Plc and Access Bank Plc have notified the Nigerian Stock Exchange and the general public that both banks are not in any merger or acquisition talks as being circulated in some media.

The banks, in separate statements to the exchange on Monday, denied the rumours that they were engaged in merger and acquisition talks.

Uzoma Uja, Diamond Bank’s Company Secretary, said it was not in discussion with any financial institution at the moment on any form of merger or acquisition.

Uja said that the attention of Diamond Bank had been drawn to the rumour in the media stating that the bank was purportedly in discussion with Access Bank to acquire the bank.

He said: “We wish to state categorically that the bank is not in discussion with any financial institution at the moment on any form of merger or acquisition.

“We trust that the above clarifies the position of the bank with regards to the rumour on the various media platforms.”

Also, Sunday Ekwuochi, Company Secretary, Access Bank, said the bank had not entered into any such discussion with Diamond Bank or any other institution.

Ekwuochi said: “As a publicly quoted company built on best practice, the bank is fully cognisant of its disclosure obligations in respect of any such corporate action and will always discharge its obligations in the most professional manner.

“Consequently, any statement regarding any such corporate action that is not issued by the bank should be disregarded.”

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Teleology finally takes over 9mobile, names new board

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Teleology Holdings Limited has finally taken over 9mobile.

This is coming 11 months after the company made it to the top five companies making a bid to take over the telecommunications company.

In a statement seen by TheCable, and signed by Mohammed Edewor, Teleology said it “is pleased to announce the constitution of a new Board of Directors for Nigeria’s multi-award-winning telecommunication company, 9mobile”.

This follows “the successful completion of the tenure of the former Board appointed by the Central Bank of Nigeria (CBN) and in fulfillment of the consequential transfer of final ownership to the new investors, Teleology Nigeria Limited”.

“We thank all out-going members of the Board for helping to shepherd 9mobile through the critical transition phase it has passed through since July 2017 and wish them the very best in their future assignments.

“For us, the composition of the new Board of Directors is another significant milestone, and this follows the issuance of final approval of no objection by the Board of the Nigerian Communications Commission (NCC) to the effect that the technical and financial bids Teleology submitted for 9mobile met and satisfied all the regulatory requirements.

“This is indeed the dawn of a new era in the evolution of the 9mobile brand in the Nigerian market”.

The new board of directors is constituted by:

  1. Nasiru Ado Bayero (Chairman)
  2. Asega Aliga (Non Executive Director)
  3. Adrian Wood (Non Executive Director)
  4. Mohammed Edewor (Non Executive Director)
  5. Winston Ndubueze Udeh (Non Executive Director)
  6. Abdulrahman Ado (Executive Director)
  7. Stephane Beuvelet (Acting Managing Director)

Nasiru Ado Bayero, the new chairman, appreciated the telco’s employees and subscribers, who is said should be prepared for best-in-class services forthwith.

“As we begin this new epochal phase, we wish to thank all the employees who built this viable business,” Ade Bayero said.

“Our debt of gratitude also goes to our subscribers even as we assure them to get ready for real best-in-class additional value for their relationship with the 9mobile brand.

“Without you, there could not have been a 9mobile business for us to invest in today. We will justify your confidence in our brand by making significant investments that will improve the value you get for using 9mobile.”

The sale process of 9mobile was initially billed to be concluded on January 16, 2018, following an approval of the extension of the deadline by the Nigerian Communications Commission (NCC) after an initial December 2017 deadline.

Teleology eventually won the final bid, ahead of Airtel, Globacom, Smile, Helios.

The company, 9mobile, formerly known as Etisalat Nigeria was taken over in July 2017 following a N541 billion debt overhang.

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