Business

FG halts NIN enrolment at NIMC headquarters

Published

4 years ago

January 17, 2021

The Federal Government has ordered the closure of enrolment for National Identity Number at the National Identity Management Commission (NIMC) headquarters in Abuja.

In its place, it ordered the reactivation of 20 centres within the FCT for the enrolment activities.

Head, Corporate Communications at the NIMC, Kayode Adegoke, directed residents to visit any of the reactivated centres for the NIN enrolment.

Minister of Communications and Digital Economy, Dr Ali Isa Pantami, had on Friday advised prospective enrollees to disconnect the city centres by availing themselves of other enrolment centres or places in other parts of the major cities across the country, especially those in Abuja and Lagos.

Government has also extended the deadline (19, January) for linking of SIM cards with NIN.

The Federal Government through the Nigerian Communication Commission had ordered telecommunications companies to deactivate telephone lines of subscribers who failed to link their phones to their National Identity Number.

The reactivated centres are the Second Floor, Block C, No 4 Maputo Street, Zone 3, Wuse, Abuja; Abaji Secretariat Complex, Legislative Section Abaji, FCT – Abuja; AMAC Secretariat Annex, Kabusa Junction Apo, FCT- Abuja; Area Council Complex Bwari, FCT, Abuja; CIPB Building (Old Secretariat), Gwagwalada, FCT – Abuja; Kwali Council Secretariat, Kwali, FCT – Abuja; Opposite Forest Pasali, Along Kuje/Gwagwalada Road, FCT; Beside Diamond Bank, Building Materials International Market; Dutse Alhaji, FCT – Abuja; Gwarinpa FHA/Waterboard Beside Police Station Off 3rd Avenue, FCT – Abuja; High Court Lugbe by Police Signboard, Close to Lugbe Market, Airport Road; JIWA AEDC office, before Emir Palace, FCT – Abuja; Women Development Secretariat, Karshi; Kenuj Angles Schools, Jikwoyi Phase 1 Extension, FCT-Abuja; Chief Palace, Kurudu; Nigerian Custom Service Karu; NIPOST, Opposite General Hospital, Phase 4, Kubwa; NIN Enrolment Center Ibro Hotel 34-36 Sokode Street Wuse 2, Abuja; Afritech multi Concept, Gwandal plaza adjacent EFCC, Wuse 2, Abuja; and NIN Enrolment Centre No 8, Nairobi Street, Wuse 2, Abuja.

Business

PH refinery: 200 trucks will load petroleum products daily, says Presidency

Published

16 hours ago

November 26, 2024

Trends Admin

Port Harcourt Refinery

PH refinery: 200 trucks will load petroleum products daily, says Presidency

No fewer than 200 trucks are set to load petroleum products at the government-owned Port Harcourt Refinery, the presidency has said.

A presidential spokesperson, Sunday Dare, made this known in a statement through his official X handle on Tuesday.

Newstrends had reported that the Nigerian National Petroleum Company on Tuesday announced that Port Harcourt Refinery has resumed operations and crude oil processing after years of inactivity.

PH refinery: 200 trucks will load petroleum products daily, says Presidency

Business

Breaking: CBN increases interest rate to 27.50%

Published

17 hours ago

November 26, 2024

Trends Admin

Breaking: CBN increases interest rate to 27.50%

The Central Bank of Nigeria (CBN) has raised the lending interest to 27.50 per cent from 27.25 per cent.

This latest increase in the Monetary Policy Rate came after a meeting of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Monday and concluded Tuesday.

The Monetary Policy Rate measures the benchmark interest rate.

The CBN Governor, Yemi Cardoso, announced this in Abuja on Tuesday after the MPC meeting, last for the year, held at the apex bank’s headquarters.

He said the MPC voted unanimously to raise the MPR by 25 basis points from 27.25% to 27.50%; and retain the Cash Reserve Ratio (CRR) at 50% for Deposit Money Banks and 16% for Merchant Banks.

The CBN governor also said the MPC retained the Liquidity Ratio (LR) at 30% and Asymmetric Corridor at +500/-100 basis points around the MPR.

Business

Nigeria’s unemployment rate dropped to 4.3% in Q2 – NBS

Published

21 hours ago

November 26, 2024

Trends Admin

Nigeria’s unemployment rate dropped to 4.3% in Q2 – NBS

Nigeria’s unemployment rate stood at 4.3 per cent in the second quarter of 2024, the National Bureau of Statistics (NBS) has said in its latest report.

The report released on Monday said the unemployment rate decreased compared to the 5.3 per cent recorded in the Q1 of 2024.

The NBS defined the unemployment rate as the share of the labour force (the combination of unemployed and employed people) who are not employed but actively searching and are available for work.

“The unemployment rate for Q2 2024 was 4.3%, showing an increase of 0.1 percentage point compared to the same period last year,” the report stated.

“The unemployment rate among males was 3.4% and 5.1% among females.

“By place of residence, the unemployment rate was 5.2% in urban areas and 2.8% in rural areas. Youth unemployment rate was 6.5% in Q2 2024, showing a decrease from 8.4% in Q1 2024.”

Report also said the unemployment rate among persons with post-secondary education was 4.8 per cent; 8.5 per cent among those with upper secondary education, 5.8 per cent for those with lower secondary education, and 2.8 per cent among those with primary education in Q2 2024.

Employment rate – 76%

The report showed that the employment-to-population ratio, which measures the number of employed workers against the total working-age population, increased to 76.1 per cent in Q2 2024.

“In Q2 2024, 76.1% of Nigeria’s working-age population was employed, up from 73.1% in Q1 2024,” the report stated.

Self-employment – 85.6%

The report further showed that Nigeria’s labour market saw a notable shift as the proportion of self-employed individuals increased in Q2 2024.

It stated, “The proportion of persons in self-employment in Q2 2024 was 85.6%.”