Business
SIM Registration: Subscribers Besiege MTN Shops
Following text messages di
recting subscribers nationwide to visit its shops to update their SIMs registration, hundreds of angry subscribers on Thursday besieged MTN offices in Abuja for the exercise.
The Tide learnt that although the subscribers, mostly workers and businessmen, have abandoned their duty posts for the registration, the exercise was very slow due to faulty machines or network problems.
In some of the centres where the exercise was ongoing, the numbers of machines used were insufficient compared to the crowd impatiently waiting for their turns.
The Tide investigation recalled that some of the subscribers, who were at the outlets for the update, complained that they were registering their SIMs for the third or fourth times.
At MTN main office at Phase 4 in Kubwa, the road leading to the building was blocked by subscribers that besieged the building for the exercise as early as 8 a.m.
Only four machines were provided at MTN New Dawn shop, Mercy Plaza, Kubwa, in spite of the crowd at the premises.
“We registered only 50 lines on Wednesday due to inadequate number of machines coupled with epileptic network. We are expecting to register more today,’’ one of the officers who requested anonymity at the outlet said.
At MTN registration point, Phase 3, Kubwa, the only machines provided was faulty, while the crowd at the registration point at A Class Park, Wuse 2, was overwhelming.
The situation was not different at other registration centres in the Federal capital territory as many who expected smooth conduct of the exercise were frustrated leaving some with no option than to consider switching to other service providers if their SIMs are blocked.
The MTN had recently sent text messages to its subscribers, directing them to visit its outlets to update their SIMS to meet NCC standard.
“Dear customer, please visit any of the registration point near you from Dec. 26 with valid ID card to update your finger print and picture to NCC standard.
“You have been compensated with N20, 000 valid for 7 days. To activate, please visit any MTN registration outlet to update your biometrics. Dial *559*40# to check.
“Dear customer, this SMS gives you priority access to all MTN shops. Please display it at any MTN shops entrance for express service. Thank you,’’ some of the messages sent to subscribers read.
Mr Haruna Mohammed, one of the subscribers, observed that MTN had not made provision for the physically challenged, pregnant women and others in spite of their numerous messages sent out before the take off of the exercise.
“They should prepare well for the exercise. They should not expect people to spend the whole day waiting for registration,’’ another subscriber, Ibrahim Garba said.
The Tide reports that MTN started another round of SIM cards registration in the country following a fine imposed on it by the Nigerian Communications Commission (NCC) for having 1.5 million unregistered SIMs in its network.
Business
SMEs Dev: Firms Launch N100m Loan Scheme
The facility will be disbursed through participating Microfinance Institutions (MFIs), which will in turn extend the loans to their customers, particularly SMEs, as they directly interface with businesses at the grassroots level.
The Executive Director of COMCIN, Mr. Micheal Ogbaa who represented the Chairman, Dr. Iredele Oyedele (FCA, FCCA), said the initiative is designed to strengthen micro-lending institutions and expand access to finance for grassroots entrepreneurs, particularly women and youths in the informal sector.
Ogbaa explained that COMCIN does not lend directly to individuals but works through its network of microfinance and cooperative institutions, which in turn provide loans to end users.
“We came together to advocate for the microfinance ecosystem. Commercial banks often exclude people at the grassroots, but our members are positioned to reach them. This facility will empower them to do more,” he said.
He noted that the loan scheme offers low interest rates and flexible repayment plans, making it more accessible to small business owners.
According to him, about 90 percent of beneficiaries are expected to be women, who play a key role in sustaining families and driving economic activities at the local level.
“Our focus is on traders, service providers, and players in the informal sector. These are the real movers of the economy. By supporting them, we are strengthening families and contributing to national development,” he added.
Ogbaa disclosed that eligible SMEs with proven integrity and business track records could access up to N5 million each through participating micro-lending institutions. The rollout has commenced in Lagos and will extend to Abuja, Enugu, and other regions, including the South-West, South-East, and North-East.
He said 12 micro-lending institutions have already benefited from the scheme, while 85 applications are currently being processed under the pilot phase.
“Our target is to reach at least 100,000 SMEs nationwide. We are building a platform that connects funding partners with credible micro-lending institutions, creating a reliable channel for financial inclusion,” Ogbaa said.
He added that COMCIN is also working to attract larger funding pools from development finance institutions and private investors, noting that successful implementation of the pilot phase would boost confidence and unlock more capital for SMEs.
“We have seen encouraging testimonies from early beneficiaries. As we demonstrate transparency and efficiency, more institutions will be willing to channel funds through us,” he said.
Business
Yenagoa’s Radisson Hotel Ready December — NCDMB, Other
Business
RIRS Sets Tomorrow As Deadline For Individual Tax Returns Filing
-
Opinion2 days ago
Ozoro Festival: Tradition or Tyranny?
-
News2 days agoRSG Reiterates Commitment To Youth Dev
-
Oil & Energy2 days agoTranscorp Energy, Renewvia Partner On Renewable Energy Gap
-
Politics2 days ago
RIVERS WOMEN RALLY SUPPORT, CONTINUOUS PRAYERS FOR TINUBU
-
Politics2 days ago
AKPABIO, DIRI, OBOREVWORI, OTHERS VOW TO REELECT TINUBU …AS GIADOM RETAINS APC ZONAL CHAIR
-
Business2 days agoNSCDC Discloses Illegal Dump Site In Ikwerre Community
-
Business2 days agoYenagoa’s Radisson Hotel Ready December — NCDMB, Other
-
Politics2 days ago
Viral 2027 Nomination Forms Price List Fake, Misleading – APC
