News
NIMC Demonstrates NIN Enrollment Process in Lagos

National Identity Management Commission (NIMC), stormed the Card, ATM and Mobile Expo 2012 Africa’s biggest Card and Payment exhibition, in Lagos last week, to demonstrate and enlighten people on the enrollment process and what the commission has to offer.
The NIMC, the commission saddled with the responsibility of establishing a national identity database, allocating national identity number and the harmonization and integration among others, was present at the event, showcasing and participating in the exhibition.
Abdul-hamid Umar, Deputy Director, Corporate Communications, said the commission came in liaison with its project partners including Chams Consortium, to showcase what they have and are making available to Nigerians and legal residents.
“The enrolment would actually be for Nigerians above the age of sixteen and legal residents” he said. “These are non-Nigerians who are legally residing in Nigeria. They would also be captured in our data base” he added.
“The reason why we are here is to demonstrate our state of preparedness and what we have.
Infact deployment of equipment for the Lagos enrolment has actually reached advanced stage. We have achieved like 95 per cent. There are just some I’s to dot and T’s to cross” he said.
“We have commenced enrolment in Abuja. That commenced in February, so we are bringing that to Lagos and when we saw an opportunity here we decided to make the best use of it, since this is a great event that has to do with cards and the technology-two very important ingredients for our business we therefore had to be physically present here” he said.
In the same vein ,Simon Ishaku, Deputy Project Manager, Project Management Office, NIMC said “responses at the event have been positive; expectations are high, people are eager for the project to kick off in full swing most people complain about the present ID cards we have, like the voters’ card and so on, not being acceptable in some banks, so it’s not all about the enrolment, a lot of people are actually interested in getting the card”.
“What we have been doing here is a Demo. We take them through the process and then work on it, to see that everything is in place. However, since this particular outlet is not certified, the enrolment done here are for enlightenment and demonstration”.
“We have done a certification of the Lagos Office which includes checking for the quality of images, very soon, we should be able to register the Lagos office at the back end. This means, depending on how fast we get the authorization, we can actually commence upper week”.
“The same goes for the other zones we are working on. The representative states of those zones are under verification stages for certification. Once they are successful, they get certified and enrolment can begin” he added.
Work in the National Identity Management System (NIMS) started in earnest in the third quarter of 2009, after the NIMC ascertained that it could not re-use most of the assets it inherited from the former Department of National Civil Registration (DNCR). In the next few months, it is expected that full enrolment of citizens and legal residents would commence in earnest..
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News
How and Why N210 Trillion is Missing in NNPCL – CFO

Adedapo Segun, chief financial officer (CFO), Nigerian National Petroleum Company Limited (NNPC), has explained why there is a missing sum of N210 trillion in the company’s audited financial statement spanning from 2017 to 2023.
According to Segun, the missing funds are cash calls requested by joint venture (JV) partners and settlement to the JVs.
He spokeat a session of the Senate Committee on Public Accounts chaired by Aliyu Wadada.
Segun was responding to an alarm raised by the committee over missing N210 trillion in NNPCL’s audited financial statement.
Recall that Wadada issued a one-week ultimatum to NNPCL to account for the missing N210 trillion.
Reacting, Segun said, “The N103 trillion and N107 trillion are made up of joint venture cash calls that have been requested by the JV operators and JV cash call payments made by NNPCL, which are yet to be reconciled because governance procedures were not done at that time.
“That is why you see the description reflecting those two items would be washed out because they are two sides of the same transaction, which is the cash calls by JV partners and the settlement by NNPCL.”
However, Habu Sadeik, a financial analyst, in a post on X on Thursday, said Segun’s response was unsatisfactory.
Saidik faulted NNPCL’s response about the fund discrepancies, noting that something is not right with the audited financial statement.
“Forget about the senators’ lack of knowledge.
“The CFO’s response is not satisfactory. Are you saying that cash calls worth hundreds of trillions are just appearing on your FS only in 2024 without 31 disclosure?
“If it’s a cash call, why hasn’t the disclosure said so?
“Which cash call is over 100 trillion?
“Something is definitely not right, and I hope they retrospectively correct that FS.
“Someone somewhere did a chef’s work,” he wrote on X.
News
PalmPay, Glo Launch “Recharge and Win Bonanza 2” with Exciting Prizes

PalmPay, Nigeria’s leading fintech company, has partnered with Globacom to launch the second edition of the “Recharge and Win Bonanza” campaign. The promotion, which runs from June 19th to August 8th, 2025, offers Nigerians the chance to win amazing prizes when they purchase Glo airtime and data via the PalmPay app.
According to a joint statement by PalmPay and Globacom, “A weekly live raffle draw will be held and streamed on PalmPay’s official social media channels throughout the campaign. Customers who make Glo transactions through the PalmPay app will be eligible to win prizes, including the iPhone 15 Pro, Infinix Hot 40, and other exciting items”.
To participate, interested customers can log onto http://bit.ly/PalmPaySms .
The statement added that all transaction above N500 gives participants an extra shot at winning, adding that daily social media challenges will also offer participants a chance to win cash prizes.
Additionally, PalmPay users can enjoy up to 6% cashback when they buy Glo airtime and data through the PalmPay app. As an added bonus, customers who have not subscribed to a Glo data plan in the last 90 days will receive a 100% bonus on their recharge during the campaign period.
Wayne Ruppel, Head of Billers at PalmPay Limited expressed excitement about the partnership, stating that, “This collaboration is a major step in our mission to deliver MORE – more support, more rewards, and more innovation to our customers.
Partnering with Glo, a leader in the telecommunications sector, is a testament to our shared commitment to improving everyday experiences for all Nigerians. We are excited to reward our users and encourage everyone to take full advantage of this exciting opportunity.
Globacom also expressed delight at creating additional value for its subscribers through unique customer-appreciation schemes.
“Our partnership with PalmPay on the “Recharge and Win Bonanza perfectly underscores our commitment to delivering exceptional value and experiences. Over the years, we have always sought innovative ways to enrich the lives of our customers. We, therefore, enjoin our subscribers to utilize the opportunity provided by the bonanza and enjoy the many benefits it offers”, the company stated.
PalmPay and Glo will collaborate throughout the campaign period to deliver exceptional customer experience, reward loyalty, and reinforce their shared mission to make digital transactions more accessible, rewarding, and secure for millions of Nigerians.
News
UK Reaffirms 99% Duty-Free Access for Nigerian Exports Under Developing Countries Trading Scheme

United Kingdom has reiterated its long-term commitment to strengthening economic ties with Nigeria, confirming that 99% of Nigerian goods will continue to enjoy duty-free access to the UK market under the Developing Countries Trading Scheme (DCTS).

Dr. Richard Montgomery, British High Commissioner to Nigeria
The announcement reinforces the UK’s intention to bolster sustainable trade with Nigeria, boost export competitiveness, and promote inclusive economic growth across both nations. Introduced in June 2023, the DCTS is designed to reduce tariffs and simplify export rules for developing economies. It currently benefits 37 African countries, with Nigeria being a key player.
Nigerian exporters are set to gain substantial advantages from the scheme, which allows over 3,000 products—ranging from cocoa, plantain, and shrimp to processed items like cocoa paste, palm oil, and cotton garments—to enter the UK duty-free or with reduced tariffs. This shift supports value addition in Nigeria’s export ecosystem, encouraging the move from raw to processed exports.
British High Commissioner to Nigeria, Dr. Richard Montgomery, said: > “Nigeria stands at the heart of the UK’s global trade ambitions. This isn’t just about improved market access—it’s about building a fairer, freer global trading system that supports economic growth and job creation, both in developing countries and in the UK.”
He further noted that through the UK-Nigeria Enhanced Trade and Investment Partnership (ETIP), the UK continues to work closely with the Federal Ministry of Industry, Trade and Investment (FMITI) to tackle export challenges and maximise opportunities under the scheme.
The DCTS aligns with broader UK efforts to expand trade relations across the globe, complementing recent agreements with nations such as India and the United States.
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