• HOME
  • NEWS
  • The Nation
  • Business
  • Politics
  • Investigation
  • Opinion
  • Sports
  • Entertainment
  • SOUTH WITNESS
  • WORLD
  • HEALTH
Tuesday, May 24, 2022
The Witness Newspaper
No Result
View All Result
  • HOME
  • NEWS
  • The Nation
  • Business
  • Politics
  • Investigation
  • Opinion
  • Sports
  • Entertainment
  • SOUTH WITNESS
  • WORLD
  • HEALTH
The Witness Newspaper
No Result
View All Result
Home Business

NIN-SIM Linkage: Airtel laments revenue loss as 8.5m customers fail to comply

Oluwafemi Adeyeye by Oluwafemi Adeyeye
May 12, 2022
in Business
NIN-SIM Linkage: Airtel laments revenue loss as 8.5m customers fail to comply

Airtel building

Share on FacebookShare On WhatsappShare On Twitter

Telecom service provider, Airtel Nigeria, has lamented revenue loss as about 8.5 million of its customers were yet to link their Subscriber Identification Module (SIM) cards with the National Identification Number (NIN).

The federal government had ordered telecommunications operators including MTN, Globacom, Airtel, and 9mobile to bar all outgoing calls of all subscribers who were yet link their SIM cards to NIN effective from April 4, 2022.

READ ALSO

LandWey set to deliver over 1000 homes to Nigerians from second quarter of 2022

JUST IN: CBN Monetary Policy Committee raises interest rate to 13%

Airtel Nigeria noted that only 35.9 million out of its 44.4 million active customers had linked their NIN with their SIMs as of the end of April 2022, about one month since the barring.

Airtel Africa, the parent body of the Airtel Nigeria, made this known in its financial report for the year, ended March 2022.

Airtel noted that the number of its customers that were yet to link their NIN had affected its revenue for the year by 7 percent.

“As of the end of April 2022, we have collated NIN information for 35.9 million active customers. Outgoing voice revenues for those active subscribers who have not yet linked their NIN with their SIM amount to around 7 percent of total revenues from Nigeria, and around 3 percent of total revenues for the Group,” the company’s report said.

“However, our experience of adopting similar procedures in other countries suggests that SIM registration is accelerated, and some SIM consolidation is likely to occur in response to implementation, potentially reducing any financial impact.

“As of the end of the year, Airtel Nigeria had an active customer base of 44.4 million and posted revenue of $1.878 million. We continue to work closely with the regulator and impacted customers to help them to comply with the registration requirements, making every effort to minimise disruption and ensure affected customers can continue to benefit from full-service connectivity as soon as possible; in line with our aim to drive increased connectivity and digital inclusion across Nigeria.”

Tags: Airtel AfricaAIRTEL NIGERIANIN-SIM Linkage

Related Posts

How Landwey is delivering its projects amidst time lags, economic challenges
Business

LandWey set to deliver over 1000 homes to Nigerians from second quarter of 2022

May 24, 2022
JUST IN: CBN's monetary policy committee raises interest rate to 13%
Business

JUST IN: CBN Monetary Policy Committee raises interest rate to 13%

May 24, 2022
MTN, Airtel, Glo, others fault FG’s move to impose new tax phone calls
Business

MTN, Airtel, Glo, others fault FG’s move to impose new tax on phone calls

May 24, 2022
Nigeria's external reserves dip $216.85m on rising inflationary pressures
Business

Nigeria’s external reserves dip $216.85m on rising inflationary pressures

May 24, 2022
MTN, Airtel, Glo, others fault FG’s move to impose new tax phone calls
Business

Telecoms subscribers switching GSM operator increase by 100% –NCC

May 24, 2022
Net foreign exchange inflow into Nigeria drops by 62%
Business

Net foreign exchange inflow into Nigeria drops by 62%

May 24, 2022
Next Post
Naira falls to N595/$ at parallel amid surge in FX demand 

Naira falls to N595/$ at parallel market amid surge in FX demand 


 

 

Categories

  • Business
  • Entertainment
  • Health
  • Investigation
  • Lifestyle
  • Opinion
  • Politics
  • Southern Witness
  • Sports
  • The Nation
  • The News
  • World

Recent Posts

  • OPM Pastor gifts slain Deborah Yakubu’s parents flats, car [PHOTOS]
  • Controversy over damaged plane on Ikeja, Lagos road [VIDEO]
  • JUST IN: Finally, EFCC arrests Rochas Okorocha
  • LandWey set to deliver over 1000 homes to Nigerians from second quarter of 2022
  • Number of out-of-school children in Nigeria not high as reported – UK don
  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy
  • Terms and Conditions

Copyright © 2021 The Witness Newspaper | All Rights Reserved.

No Result
View All Result
  • HOME
  • NEWS
  • The Nation
  • Business
  • Politics
  • Investigation
  • Opinion
  • Sports
  • Entertainment
  • SOUTH WITNESS
  • WORLD
  • HEALTH

Copyright © 2021 The Witness Newspaper | All Rights Reserved.