Tag: NIN

FG mandates crypto-transactions be linked to Tax IDs, NINs

Aminu Imam
FG mandates crypto

Nigeria has introduced a new requirement mandating that cryptocurrency transactions be linked to Tax Identification Numbers (TINs) and National Identification Numbers, (NINs). The policy is aimed at strengthening regulatory oversight, improving tax compliance, and enhancing transparency within the country’s growing digital asset eco-system. Under the new framework, individuals and entities engaging in crypto transactions will be required to provide verifiable identification details. Officials say the move aligns with broader efforts to formalise the digital economy, curb illicit financial flows, and ensure that crypto-related activities are captured within Nigeria’s tax and…

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NIN, CAC numbers now serves as tax ID for individuals’ – FIRS 

Aminu Imam
FIRS on NIN2

The National Identification Number (NIN) issued by the National Identity Management Commission (NIMC) has now automatically become a Tax ID for Nigerians starting from January 2026, according to the Federal Inland Revenue Service, (FIRS). The declaration comes amidst concerns over a provision of the tax laws mandating a Tax ID for bank account ownership. According to data released by the NIMC, a total of 123.9 million Nigerians had been issued the NIN as of October 2025. In a public awareness campaign on the new tax laws posted on X on…

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SIM-NIN deadline now Sept. 14, as linked lines hit 153 million

Aminu Imam
NCC NIN

The Nigerian Communications Commission, (NCC), has announced September 14, 2024, as the new deadline for all Subscriber Identification Modules (SIMs) to National Identity Numbers (NINs) linkage. NCC spokesman, Reuben Muoka, disclosed this in a statement on Wednesday, directing all mobile network operators (MNOs) to complete the verification and linkage of SIMs to NINs by September 14, 2024. “Effective September 15, 2024, the Commission expects that no SIM operating in Nigeria will be without a valid NIN”, the statement read. Mouka said over 153 million SIMs have been successfully linked to…

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“Police, others refusing to track kidnappers, bandits with NIN-SIM data” – Pantami

Aminu Imam

Former Minister of Communications and Digital Economy, Prof. Isa Pantami, has blamed the Nigeria Police and other security agencies for failing to utilise data generated from the National Identity Number (NIN) linked to the Subscriber Identity Module (SIM) in tracking kidnappers and curbing other crimes involving the use of a phone. Recall that in 2020, former President Muhammadu Buhari’s regime ordered SIMs to be linked to the NIN of every citizen.  Nigerians who failed to link their SIM to NIN had their lines disconnected. Media aide to ex-President Buhari, in…

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CBN to freeze accounts without BVN, NIN April 2024

Aminu Imam

Central Bank of Nigeria (CBN), has directed a “Post-no-Debit” restriction on all bank accounts without a Bank Verification Number (BVN) and National Identification Number (NIN), effective April 2024. This is according to a circular issued by the apex bank and sent to all deposit money banks yesterday, which instructed banks to place a “Post-no-Debit” restriction –which prevents customers from making withdrawals, transfers, or any other debits “for all existing Tier-1 accounts/wallets without BVN or NIN”. “Post-No-Debit” is a term used to describe a restriction imposed by banks on specific accounts, preventing customers…

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Cash Transfer: FG disqualifies Nigerians without NIN, BVN; CBN begins payment

Aminu Imam

The Federal Government is currently conducting a review and expansion of the National Social Register to include pensioners and ex-servicemen within its Conditional Cash Transfer scheme. According to reports, the Government is also working on eliminating deceased beneficiaries from the register and disqualifying individuals who do not possess National Identification Numbers (NIN) and Bank Verification Numbers, (BVN). Notably, payments will be disbursed directly to the beneficiaries by the Central Bank of Nigeria, (CBN), with the initial batch of bulk payments set to commence next week, benefiting five million households. Furthermore,…

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World Bank to begin registration for digital IDs different from NIN for Nigerians

Aminu Imam

The World Bank has stated that it will begin the registration of Nigerians for national digital Identity Cards, (IDs) for Nigerians The Bank’s Country Director for Nigeria, Shubham Chaudhuri, disclosed this at a dinner with the Ministry of Communications and Digital Economy in Abuja on Friday, in Abuja. According to Chaudhuri, the Bank plans to partner with the National Identity Management Commission (NIMC) to ensure the successful registration and rollout of digital national IDs for all Nigerians. Chaudhuri said the bank will work with NIMC to ensure the registration rollout…

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‘Why kidnappers still demand ransom via phone calls despite NIN-SIM card linkage’ – Pantami

Aminu Imam

The Minister of Communication and Digital Economy, Prof. Isa Pantami, has said there had been a notable drop in the number of calls by fraudsters to unsuspecting phone users since the linking of SIM cards with the National Identification Number, (NIN), began. The Minister stated this in Umuahia, Abia State, during the ‘World National Identify Day’ celebration, said that that although kidnappers and terrorists still negotiate for ransom using phone calls, significant gains have been recorded. Pantami, represented by the Director of Research and Development at the National Information Technology…

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Insecurity: Pantami pleads with security agents to utilise NIMC, SIM to curtail menace

Abdul-Azeez Ahmed Kadir

The Minister of Communications and Digital Economy, Isa Pantami has appealed to security agencies to make use of databases by National Identity Management Commission (NIMC) to address security challenges. Pantami said this at the 4th National Identity Day celebration in Abuja with the theme ‘Traditional Institutions as Critical Stakeholders for Citizens Mobilisation”. He said both the Subscribers Identification Module (SIM) and the NIN were available to solve the security challenges currently faced in the country. “We are pleading with security institutions to make use of the database. “It is not…

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NIN-SIM: 72 million subscribers barred from making calls

Aminu Imam

Over 72.77 million active telecommunication subscribers have been barred from making calls on their Subscriber Identification Module (SIM) cards, following a directive from the Federal Government to telecommunication companies. On Monday, the Federal Government ordered telcos to enforce compliance with its National Identification Number (NIN)-SIM policy, by restricting outgoing calls on all unlinked lines as the deadline for the verification expired on March, 31. This directive was contained in a joint statement signed by the Director of Public Affairs of the Nigerian Communications Commission, (NCC), Dr. Ikechukwu Adinde, and the…

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