Veteran talk-show host, Larry King dies at 87
53,460 3G and 4G Base Transceiver Stations (BTS) deployed in Nigeria – Prof. Danbatta
Niger Insurance Plc gets shareholders nod to restructure business
Nigeria’s Qua Iboe crude exports resume as ExxonMobil lifts force majeure
CBN says revised new cheque book to become fully operational from April 1, 2021
These are Nigerian stocks Warren Buffett may likely buy
Elon Musk to offer $100 million prize for best carbon capture technology
Unilever sets out plans to help build a more equitable and inclusive society
Unilever Overseas Holdings acquires N352 million worth of shares of Nigerian subsidiary
WHO warns Africa in danger of being left behind in Covid-19 vaccination
Business
CAC begins implementation of CAMA 2020
The CAC has announced the commencement of the implementations of CAMA 2020.
The Corporate Affairs Commission (CAC) has announced the commencement of the implementations of the Companies and Allied Matters Act, 2020 (CAMA 2020), adding that it has introduced a self-service portal.
This was disclosed by the CAC Registrar-General, Alhaji Garba Abubakar, in Abuja on Tuesday. He stated that the self-service portal would be used for end-to-end electronic submission by customers.
Abubakar disclosed that CAMA 2020 went into effect on the 1st of January and that registered companies were given until the 31st of March to update their information.
READ: Explainer: The 5 allegations against CAMA
“The Honourable Minister approved the Companies Regulation 2021 towards the end of December, 2020 and the approval says it is effective from Jan. 1, 2021,” Abubakar said.
“Already the implementation has started and we have upgraded software that allows you to register your company electronically.
“The law has come with a lot of innovations and changes to some of the old provisions of CAMA 1990, so we needed to make some changes to bring them up-to-date, consistent with the new law.
READ: CAC to register companies within 48 hours, approve business name same day
“We needed to make necessary changes to the Registration software to accommodate the reforms introduced by the new law, and that took some time.
“The portal started working on Jan. 3 and customers are already using it; so from the comfort of your home or using your own phone, you can now register your company,” he added.
Abubakar also stated that CAC’s new integrated platform reduced service delivery time and process, enabling ease of doing business in the country.
READ: Buhari approves free business name registration for 250,000 SMEs
“For the first time, post-incorporation filings are also being done electronically, in the past they were done manually.
“The upgrade has also introduced a new interface that allows for post-registration; so when you register your company, you can change your directors without having to come to CAC.”
READ: Business owners will now get CAC certificate with TIN
What you should know
Nairametrics reported in August 2020 that President Muhammadu Buhari had assented to the Companies and Allied Matters Bill 2020, which was passed by the National Assembly.
The Corporate Affairs Commission (CAC) Nigeria disclosed in November 2020 that it was set to ensure the full implementation of the Gazetted Company Allied Matters Act (CAMA) 2020 by 1st January 2020.
READ: FIRS issues deadline for taxpayers to obtain Tax Identification Number
Some Provisions under the new CAMA include:
- Provision of single-member/shareholder companies- Section 18 (2) of the new CAMA now makes it possible to establish a private company with only one member or shareholder.
- Appointment of Company Secretary now optional – Going forward, the appointment of a company secretary for a private company is optional.
- Procurement of Common seal not mandatory – Contrary to the previous document that insisted that every company must procure a Common Seal, CAMA 2020, according to Section 98, does not require one
READ: Alert: FIRS is launching a new Universal TIN that makes it even harder to avoid paying tax
Business
53,460 3G and 4G Base Transceiver Stations (BTS) deployed in Nigeria – Prof. Danbatta
The 3G and 4G base transceiver stations deployed in Nigeria in the last 5 years increased from 30,000 to 53,460.
A total of 53,460 third-generation (3G) and fourth-generation (4G) base transceiver stations (BTS) have been deployed in Nigeria in the last five years.
This was disclosed by the Executive Vice Chairman of Nigerian Communications Commission (NCC), Prof. Umar Danbatta at a briefing session for the new Permanent Secretary of the Federal Ministry of Communications and Digital Economy, Engr. Festus Yusuf Daudu.
According to Danbatta, the effective regulatory regime put in place by his leadership has created the desired impetus for the increased deployment of infrastructure by various telecoms operators, which in turn, has helped to improve the broadband penetration and other related service delivery in the telecoms industry.
“The BTS, fibre optic cables and other related infrastructure are central to the provision of improved service experience for Nigerians by their respective telecoms service providers.
“The licensed Infrastructure Companies (InfraCos) are also expected to add 38,296km to optic fibre cables when they commence full operations.”
What they are saying
According to Prof Danbatta:
- “The Commission will continue to put in its best in the discharge of its mandates, especially in facilitating the deployment of broadband, which is central to diversifying the Nigerian economy and national development”
- “Also, it is our belief that the communications industry, under the leadership of the Ministry of Communications and Digital Economy, will experience more quantum leaps and retain its current leadership role in the telecommunications space”
In his reaction and comment, the new Perm Sec, Engr. Festus Yusuf Daudu said:
- “I want to thank NCC for its contribution to the Nigerian economy so far. I am not exaggerating about the achievements of NCC, in terms of contribution to GDP and how NCC’s effective regulatory role has been helping the economy in so many ways”
What you should know
- The BTS system is part of a GSM network that is responsible for the reception and transmission of radio signals from mobile phones.
- A Base Transceiver Station is a general description of equipment consisting of the telecommunication technology and the air interface of the mobile network (GSM, UMTS etc.).
- The deployment of the 3G and 4G base transceiver stations (BTS) increased from 30,000 to 53,460, in the last 5 years
- While the Fibre Optic Transmission cables expanded from 47,000km to 54,725km
- As at November, 2020, active telephony subscribers stood at 208 million with tele-density standing at 108.92%
- Active Internet subscriptions of 154.9 million were achieved with broadband penetration rate of 45.07%
- The number of subscriptions to DND service hit over 30 million as the service empowers Nigerians to be able to protect themselves from the menace of unsolicited text messages and calls.
Why this matters
Having more Base Transceiver Stations (BTS) is quite imperative for driving an improved broadband/telecoms service delivery to Nigerian subscribers.
The poor services currently experienced by many telephony subscribers, especially in areas not sufficiently covered by Base stations, will now be a thing of the past as even subscribers in the remotest rural areas can conveniently receive and make calls and as well as enjoy other subscription services, without hitches.
Business
Steps to take to get your NIN
Getting your national identification number is free and would not take you a lot of time if you follow the right steps.
You cannot fully claim to be a citizen of a country if you don’t have a means of identification. There are several means of identification for Nigerians like the international passport, voter’s card, or driver’s license. Still, the most recognized and widely accepted means of identification is the National Identity Card which carries a unique number.
Your national identification number is required for almost anything you do in Nigeria these days, including opening a bank account and get a sim card. Getting your national identification number is free and would not take you a lot of time if you follow the right steps. There are three types of enrolment processes:
READ: NIN Registration: NIMC adopts booking system for enrolment from December 30
1. Self Service:
In this case, you walk into an enrollment centre and apply by yourself. All you have to do is feel an enrollment form, submit it to the officer available and do your biometrics, after which your NIN would be given to you.
2. Assisted Service:
For the assisted service, you walk in and get assistance from a support officer who helps you fill your form correctly and make sure your application is submitted. This service is mostly for people that can neither read nor write. It makes the process easier for them and helps to avoid time wastage.
READ: FG directs the suspension of NIMC staff involved in extortion of NIN applicants
3. Mobile Service:
You also have the option of walking into a mobile enrollment centre in your neighbourhood, and either do a self or assisted service. Check online for the mobile enrollment centres close to you.
To get your unique national identification number, there are some steps you have to take. They include;
Step 1: Walk into the nearest NIMC enrolment centre with the required documents (any means of identification and your BVN if you have one). Make sure you have not enrolled before, if you have, go along with your old national identification number.
READ: FG extends deadline for Telcos to block SIMs without NIN to February 2021
Step 2: Get and fill the enrollment form providing all the required information.
Step 3: Submit the filled form to the enrollment officer, who then inputs your details into the online enrollment application.
Step 4: Verify and confirm the enrolment data on the system to avoid mistakes.
READ: Beware of fake NIN app, NIMC warns Nigerians
Step 5: Capture your headshot photo, fingerprints and signature
Step 6: Give the enrolment officer your supporting documents to scan
Step 7: Your enrolment is acknowledged, and two slips are generated for you. The first slip should be a transaction slip and the second slip should be a NIN slip indicating completion of enrolment.
READ: FG commences NIN enrollment for foreign diplomats
The federal government recently made it mandatory for all Nigerians to link their NIN with their sim, so it is essential for you to get your NIN if you don’t have one. Getting your NIN should not be difficult if you have the required documents and follow the steps stated above.
Business
FG commences NIN enrollment for foreign diplomats
The NIMC has announced that it has started the enrolment of NIN for foreign diplomats in Nigeria.
The National Identity Management Commission (NIMC) announced that it has started the enrolment of NIN for foreign diplomats in Nigeria.
This was disclosed by the NIMC in a statement on Friday.
“The Minister of Communications and Digital Economy, Isa Ali Ibrahim (Pantami) in his bid to ensure seamless enrolment of all diplomats in the country for the purpose of the ongoing NIN-SIM linkage and other need, directed the setting up of the enrolment center at the Ministry of Foreign Affairs, Abuja,” the agency said.
READ: Beware of fake NIN app, NIMC warns Nigerians
The enrolment of diplomats started on Monday, 18th January 2021.
NIMC assured Nigerians that it would ensure the enrolment of all Nigerians and legal residents into the National Identity Database.
READ: FG invalidates SIM integration using BVN generated NIN, applicants must visit NIMC offices
What you should know: Nairametrics reported earlier that the Federal Government on Sunday announced the mandatory National Identity Number (NIN) enrolment for foreign diplomats in the country.
