Technology
NCC Deactivates 2.2 million SIM Cards in Nigeria
By Adedapo Adesanya
The Nigerian Communications Commission (NCC) said not less than 2.2 million improperly registered Subscriber Identification Module (SIM) Cards have been deactivated across all telecommunication networks in the country.
This was disclosed by the Executive Vice Chairman (EVC) of the NCC, Mr Umar Danbatta, in a statement signed by the Commission’s Director for Public Affairs, Mr Henry Nkemadu in Abuja.
According to Mr Danbatta, the commission’s efforts was in line with one of the key agenda of President Muhammadu Buhari to strengthen security of lives and property for all Nigerians.
“We have since initiated the second phase of SIM deactivation based on the ministerial directive and as at today, we have completely deactivated the remaining 2.2 million lines on the networks.
“This is contrary to reports by a section of the media, suggesting that nothing has been done with respect to the issue of improperly registered SIM cards.
“Following the September 2019 ministerial directive, however, the NCC, within a week, intensified efforts by reducing the number of improperly registered SIM cards from 9.2 million to 2.2 million,” he said.
The EVC said that over the years, the NCC had worked with determination and through various policy initiatives, to free mobile networks of improperly or invalidly registered SIM cards.
He explained that this was to ensure that all the current 184 million registered SIM cards across Mobile Network Operators (MNOs) networks had valid data that were traceable and not anonymous.
“Our efforts received a boost, following the implementation of a September 12, 2019 ministerial directive that the NCC should compel service providers to block all improperly-registered SIM cards, pending when their owners regularise their registration.
“As at the time the ministerial order was issued, the commission, through its Compliance Monitoring and Enforcement team, had reduced the number of improperly-registered SIM cards on mobile networks in the country to 9.2 million.”
He recalled that the commission had, in June 2019, commenced the second round of comprehensive verification audit of MNOs’ SIM card registrations as part of the Commission’s ongoing regulatory interventions.
Mr Danbatta said that the regulations included the setting up of the SIM Registration Industry Task Force, which led to several resolutions including the Industry Working Group (IWG) on harmonisation of SIM registration process.
He also said that the National Identity Management Commission (NIMC) was inclusive to ensure a clean SIM database, adding that the audit exercise was concluded in August 2019.
“The audit was specifically to ensure strict adherence by telecom operators to the provisions of the Telephone Subscribers Registration Regulations 2011,” he said.
The EVC assured all stakeholders that the Commission would continue to aggressively pursue the national objectives of delivering an accurate database of telephone subscribers in Nigeria.
He also stated that stated that the SIM data submitted to the Commission was constantly validated for higher efficiency to support the national security objectives of the SIM registration exercise through NCC’s zero tolerance for deviations from the proper registration process.
“I also use this opportunity to restate the Commission’s commitment to the periodic SIM data audit, continuous compliance monitoring exercise on the MNOs, as well as constant consumer education and engagement against using improperly-registered SIM cards.
“We will be able to, collectively, address national security concerns, especially kidnappings, banditry, armed robberies, cattle rustling and other crimes associated with SIM cards across the nation.
This will ensure that all SIM cards are traceable to their real owners,” he added.
Technology
Flexmobile to Disrupt Nigeria’s Telecom Landscape
By Modupe Gbadeyanka
Nigeria’s telecom landscape is about to be abuzz, with the much-anticipated launch of Flexmobile from Hazon Technologies.
Feelers indicate that the company will soon make a commercial debut, as the regulatory approval is now in the final stage.
It was gathered that the commercial rollout for Flexmobile should be June 1, 2026, as this depends on the authorisation of the Nigerian Communications Commission (NCC), which regulates the sector. The telco will have the distinctive 081 number series.
Early signals suggest a product ecosystem engineered around flexibility, data-centricity, and user control—an approach aligned with the evolving expectations of Nigeria’s digitally connected population.
For seamless operations, Flexmobile has sealed commercial agreements with its MVNE, IMBIL, and Airtel Nigeria.
“What lies ahead is more than a launch—it is the beginning of a new way to experience telecoms in Nigeria,” the chief executive of Hazon Technologies, Mr Victor ‘Gbenga Afolabi, said at a recent media briefing.
“After years of building the right partnerships and infrastructure, we are approaching a defining milestone. Flexmobile is designed to challenge conventions and introduce a smarter, more flexible telecom experience for Nigerians,” he added.
While full details of its offering will be unveiled at launch, Flexmobile is expected to introduce a suite of value-added services designed to go beyond traditional connectivity—positioning the brand at the intersection of telecoms, lifestyle, and digital enablement.
Backed by strong institutional partnerships and a robust MVNE framework, Flexmobile enters the market not just as another operator, but as a platform with the potential to reshape how telecom services are consumed and experienced.
Technology
ipNX, NCC to Drive Inclusive Digital Growth Across Nigeria
By Aduragbemi Omiyale
A leading Information and Communications Technology (ICT) company, ipNX Nigeria, is joining forces with the Nigerian Communications Commission (NCC) to accelerate broadband penetration and drive inclusive digital growth across the country.
Recently, an executive delegation of the organisation paid a visit to the chairman of the regulatory agency, Mr Idris Olorunimbe.
“We are pleased to engage with the new chairman of the NCC and show our support as he takes on this important role.
“Strong leadership and a clear policy direction are essential to unlocking the full potential of Nigeria’s digital economy.
“At ipNX, we remain committed to working closely with the commission and other stakeholders to expand broadband access, enhance connectivity in educational institutions, and ultimately bridge the digital divide.
“This collaboration will empower millions of Nigerians and further position the country as a leader in Africa’s technological evolution,” the Managing Director of ipNX Nigeria, Mr Ejovi Aror, said at the visit.
In his remarks, Mr Olorunnimbe thanked the firm for the show of support, reiterating the commission’s commitment to fostering an enabling environment for private sector participation in achieving universal broadband access across Nigeria.
This collaboration is expected to advance Nigeria’s transformation agenda in technology and help boost the federal government’s broadband agenda for the country.
ipNX Nigeria has said it remains at the forefront of delivering cutting-edge broadband and ICT solutions, and this engagement underscores its unwavering dedication to supporting national development through technology-driven initiatives.
Technology
MTN Nigeria to Offload 60% Stake in MoMo PSB, YDFS for N95.5bn
By Adedapo Adesanya
MTN Nigeria is restructuring its fintech business by bringing in its parent company, MTN Group, as a major investor to help cushion against losses that have plagued the units.
Yesterday, MTN Nigeria announced that its parent firm, based in South Africa, will acquire a 60 per cent stake in MoMo Payment Service Bank Limited (MoMo PSB) and Y’ello Digital Financial Services (YDFS) Limited.
MoMo is a payment service bank business that provides financial services, including deposits, payments, transfers and digital wallets to individuals and small businesses in Nigeria via digital and mobile‑based platforms.
Y’ello Digital is a licensed super-agent that provides agency banking and financial services, including cash deposits, withdrawals and bill payments. It operates through the MoMo network.
In an explanatory note in respect of the proposed transaction on Tuesday, MTN Nigeria said the transaction will cost N95.5 billion and reduce its exposure to the “loss-making” financial technology (fintech) companies.
According to the Nigerian subsidiary, the acquisition, which the South African company will conduct through another subsidiary, MTN Group Fintech, is a restructuring that consists of two phases.
MTN Nigeria said the first phase is the acquisition of a 60 per cent stake in each of the two fintech companies by MTN Group.
“MTN Group Fintech will acquire a 60 per cent stake in each of the Fintech Companies through a combination of primary issuance of shares by the Fintech Companies and a secondary acquisition of shares in MoMo PSB from MTN Nigeria, at an agreed valuation of N95.5 billon (on an intra-group debt free and cash free basis), resulting in an implied capital injection of N152.06 billion payable in cash or consideration other than cash, or a combination (the “Investment Amount”) into the Fintech Companies; and MTN Nigeria will retain a 40% stake in the Fintech Companies,” the statement read.
According to the explanatory note, the second phase is the creation of a financial holding company named Fintech HoldCo, which will be 60 per cent owned by MTN Group Fintech and 40 per cent owned by MTN Nigeria.
The fintech units are currently loss-making, and this move will help MTN Nigeria to reduce financial risk and share future losses and investment burden. However, it will still keep a significant minority stake (40 per cent)
The network provider said the transaction phase will be completed with Fintech HoldCo acquiring the shares held by MTN Group Fintech and MTN Nigeria in MoMo and Y’ello Digital.
“Subject to obtaining the approval of the CBN, Fintech HoldCo will become the 100% owner of the shares in the Fintech Companies, having acquired all the shares held respectively by MTN Group Fintech and MTN Nigeria in the Fintech Companies,” the telecommunications company said.
MTN Nigeria said an annual general meeting (AGM) will be held on April 30, for shareholders to consider and, if thought fit, approve the proposed transaction.
The telco said the proposed transaction distributes operational risks, allowing MTN Group Fintech to share future capital risks, such as losses, regulatory burdens and execution risks.
In August 2024, MTN Nigeria acquired a 7.17 per cent stake held by Acxani Capital Limited in MoMo.
The acquisition increased MTN Nigeria’s total stake in MoMo to 100 per cent.
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