In the first quarter of 2024 (Q1’24), Nigerian commercial banks took decisive action by closing at least 2 million bank accounts.The primary objective behind this move was to eliminate questionable accounts, particularly those customers who failed to adhere to regulatory directives regarding the linkage of their accounts to the National Identity Number (NIN).This development stemmed from a directive issued by the Central Bank of Nigeria (CBN) in December 2023. The d...

Isa Pantami, Minister of Communications and Digital Economy, disclosed this on Wednesday in Abuja, saying the issuance comes at no cost.The President Muhammadu Buhari-led Nigerian government has said that Nigerians can now request their commercial banks to issue them with a debit card that doubles as their national identity card.Isa Pantami, Minister of Communications and Digital Economy, disclosed this on Wednesday in Abuja, saying the issuance comes at no cost.Pan...

Again, the Federal government has extended the deadline for the linkage of the sim with NIN. The Director, Public Affairs Nigerian Communications Commission, Ikechukwu Adinde; and the Head, Corporate Communications, Nigeria Identity Management Commission, Kayode Adegoke, disclosed this in a joint statement on Monday titled ‘FG approves July 26 as NIN-SIM verification deadline as enrolment systems increase to 5,410 .’According to the statement, the decision to furthe...