E-Business
NIMC Extends Mandatory Use of NIN to January 2016

the National Identity Management Commission (NIMC), the ssuing Authority for National Identification Number NIN, has shifted the date for the commencement of the mandatory use of the National Identification Number (NIN), from September 1, 2015 to January 9, 2016.
The Commission had earlier directed that all transactions involving the identification of individuals as specified in Section 27 of the NIMC Act, must be done with the NIN beginning from September 1, 2015.
The extension of the September date follows the recent directive by President Muhammadu Buhari, that all Ministries, Departments and Agencies (MDAs) should expeditiously harmonize their biometric databases.
The extension would enable the Commission progress further, ongoing efforts with the MDAs that have reached advanced stages of harmonization with NIMC including the CBN, FRSC, FIRS, PenCom, INEC, NHIS, Ministry of Agriculture and Rural Development, (FMARD).
This would help avoid the situation similar to what was experienced when the CBN wanted to enforce the cut off date for the BVN, leading to a late rush to meet the deadline/massive turn out of citizens and the troubles they had to go through.
It would also help ensure that the need for double enrolment is reduced to the barest minimum during this transition period when the harmonization is being implemented.
But Abdulhamid Umar, general manager, Corporate Communications at NIMC, in a press statement, said the management has taken into consideration the fact that the CBN had extended by a few months, the deadline for the completion of the Bank Verification Number (BVN) exercise thus extending the time frame for the completion of the harmonization it has begun with the CBN on the BVN programme.
He said, “It is expected that with the planned harmonization which will effectively link all MDA biometric databases – INEC, FRSC, PenCom, FIRS/JTB, NHIS, FMARD, etc, citizens will not be required to have their biometrics taken every time by these institutions in the near future. Also the MDAs will invariably act as valid agents to the NIMC, collecting their own data as well as providing data required for the issuance of the NIN by the NIMC, based on the minimum national standards for biometric and demographic data capture already set by the MDAs”.
Also the NIMC has concluded plans to provide pre-enrolment services on smart phones.
Umar said this will ensure that citizens can start their enrolment using their smart phones, a development that would ensure that in the next couple of months citizens, of all ages, would have completed their demographic enrolment before they proceed to NIMC Enrolment Centres for their biometric data capture to complete their enrolment.
“Management believes that this will help to decongest the Enrolment Centres as well as ensure that citizens enroll at their convenience as the cut off date draws nearer,” he added.
It will be recalled that a few months ago the NIMC had announced that it would start to enforce the use of the NIN by citizens in the conduct of certain transactions as specified in Section 27 of the NIMC Act, 2007.
But the need to complete the initiation of the process of harmonization, to ensure that at least legacy databases of MDAs are linked is an important process that would facilitate citizen’s adoption and participation in the process.
“The NIN is an 11 digit number assigned to an individual upon successful enrolment into the National Identity Database (NIDB).
“It is what represents the unique entry of a persons personal information in the National Identity Database. Once issued to an individual that number cannot be used again.
“Management has expressed satisfaction with the ongoing distribution of the national eID Cards and increasing appreciation of the fact that it is both a KYC Card and a Payment Card.
“Also the public are greatly appreciating that ‘the NIN and not the Card, is Your Identity’.
“Accordingly a Task Force has been set up by Management to ensure faster distribution of the Cards by increasing the number of Card Collection Centres by 300”, the statement read.
E-Business
Report Shows Start-ups Fuel Innovations in Africa

Bloomberg has released its second annual “25 African Startups to Watch” list, underscoring the growing influence of venture-backed innovation across the continent.

Published thursday, the list highlights companies building solutions in “environments where infrastructure or systems have failed to deliver.”
The featured start-ups build solutions to challenges such as accessing healthcare in Chad, moving goods in Kenya, securing loans in South Africa, and safeguarding borders in Nigeria.
Nigeria, South Africa and Kenya jointly lead with four companies each, reflecting the ongoing strength of Africa’s three most visible start-up ecosystems.
The 25 companies span 13 countries and sectors including healthcare, fintech, security, climate resilience, waste management, and transport.
Nigeria’s four startups are 10mg Health, Remedial Health, Sycamore and Terra Industries, covering areas from healthcare financing and pharmaceutical supply chain integrity to digital lending and defence technology.
South Africa’s contingent includes Omnisient, Amesect, AURA and Jem. Omnisient uses grocery purchase data and AI to extend credit to those outside traditional financial systems.
Kenya’s notable four include Zeraki, a school-data analytics platform partnering with Safaricom to reach secondary students across the country.
According to Bloomberg, a defining theme this year is the source of funding.
Nearly half of the total capital raised by these start-ups came from African investors, marking a shift from previous years when international capital predominantly drove early growth.
International backers such as 8VC, controlled by Palantir Technologies co-founder Joe Lonsdale, and Google continue to see value in investing in African companies, Bloomberg noted.
The report also highlights that start-ups across the continent almost doubled their debt fundraising in 2025, even as equity financing from venture capital firms declined.
Separately, the Start-up Ecosystem Report 2026 states that Kenya has overtaken Nigeria as Africa’s top startup investment destination, attracting $984 million in 2025.
Jennifer Zabasajja, Bloomberg Television’s chief Africa correspondent and anchor, highlighted the dual significance of the list, the variety of solutions being built and the growing role of African-sourced capital in backing them.
She noted that the list comes at a consequential moment, one shaped by global disruptions, from the conflict in Iran to sweeping cuts in US foreign healthcare assistance, that have made the case for African-owned capital more urgent than ever before.
E-Business
NDPC Raises Alarm: Fake News, Data Abuse Could Destroy Nigeria’s 2027 Elections

Nigeria Data Protection Commission has warned that the growing misuse of personal data and digital platforms could undermine Nigeria’s democratic process ahead of the 2027 general elections.

NDPC
The warning was delivered during the 2026 Press Week organised by the FCT Council of the Nigeria Union of Journalists in Abuja.
Speaking at the event, Vincent Olatunji, national commissioner and chief executive officer, NDPC, who was represented by Itunu Dosekun, head of Media Unit at the commission, said disinformation and unlawful exploitation of personal data posed serious threats to credible elections.
The event had the theme: “2027 Election: Defending Democracy in the Era of Disinformation.”
Dosekun said the struggle for credible elections was no longer confined to polling units, noting that digital platforms had become major channels for manipulated narratives, fake news, propaganda and AI-generated misinformation.
According to him, the rapid growth of social media platforms, messaging applications and data-driven political campaigns has created vulnerabilities capable of influencing voter perception and weakening public trust in democratic institutions.
He warned that the abuse of personal data for political profiling and psychological targeting had become one of the most dangerous threats facing democracies worldwide.
“The misuse of citizens’ personal information carries serious social implications, especially for vulnerable groups who may not fully understand how their data is harvested, processed and weaponised online,” he said.
Dosekun noted that coordinated disinformation campaigns could inflame ethnic tensions, spread fear and discourage civic participation, particularly among young Nigerians.
He described the Nigeria Data Protection Act, 2023, as a critical legal framework aimed at protecting citizens against unlawful data processing and digital exploitation.
According to him, the law gives Nigerians greater control over their personal information while placing obligations on organisations, institutions and political actors to handle data responsibly.
Dosekun also called for stronger collaboration among political parties, media organisations, technology firms, civil society groups and citizens to promote responsible digital behaviour ahead of the elections.
He stressed the role of journalists and media professionals in combating fake news, fact-checking information and safeguarding public discourse.
According to him, protecting personal data should not only be seen as a privacy issue but also as a democratic responsibility necessary for maintaining public confidence, national stability and electoral credibility.
Stakeholders at the event emphasised the need for improved digital literacy, stronger regulation and increased public awareness to prevent the abuse of digital platforms during future elections.
E-Business
Anthropic Raises $65 Bn to Expand AI Research, Innovation

Anthropic, artificial Intelligence company, has said that it has secured sixty-five billion dollars in a new funding round, raising the company’s valuation to about nine hundred and sixty-five billion dollars.

The development places the company ahead of its rival, OpenAI, maker of ChatGPT, which was valued at about eight hundred and fifty-two billion dollars earlier this year.
Anthropic, founded by former OpenAI employees and led by Dario Amodei, chief executive officer, has emerged as one of the leading firms in the global Artificial Intelligence industry.
The company is widely recognised for its advanced coding capabilities and generative AI models, particularly its AI assistant known as Claude.
Unlike some competitors focusing mainly on general consumers, Anthropic has concentrated on delivering AI solutions to enterprise and business clients.
The company also says it places strong emphasis on AI safety while expanding its products and services amid growing competition in the sector.
Krishna Rao, chief financial officer of Anthropic, said the new funding would support the company’s research efforts and help meet rising global demand for its AI technologies.
Reports indicate that the investment round attracted major Silicon Valley venture capital firms, including Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital.
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