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Federal Government of Extends NIN-SIM Verification till October



nin sim verification

The Federal Government of Nigeria has again extended the deadline for National Identity Number (NIN)-Subscriber Identity Module (SIM) data verification to the 31st of October 2021.

Enrolment statistics showed that there have been low enrolments in schools and hospitals therefore the decision is to address this issue and also to consider the request made by stakeholders to address these areas and as well accommodate registrations from foreigners and diplomatic missions, diaspora, and hard-to-reach remote areas.

It was also reported that there were presented a total of 59.8 million unique NIN enrolments, with an average of three to four SIMs per NIN in the country, and as of July 24, 2021, there are over 5,500 enrolment systems within and outside Nigeria.

According to the statement, the decision also followed a review of the progress of the exercise which has shown significant progress, hence the need to consolidate the gains of the enrolment and NIN-SIM verification process across the country.

According to a statement signed by Kayode Adegoke, Head, Corporate Communications, National Identity Management Commission, reads “The administration of His Excellency, President Muhammadu Buhari, GCFR, has approved the extension as part of efforts to make it easier for its citizens within and outside the country, and legal residents to obtain the NIN and it is important to take advantage of the extension.

“The NIN-SIM linkage also makes it easier for the security agencies to carry out their statutory duties and the relevant parastatals under the Ministry of Communications and Digital Economy are supporting them as required.

“There are now a total of 59.8 million unique NIN enrolments, with an average of 3 to 4 SIMs per NIN.  With the great number of enrolment centers within and outside the country, and many more coming up, every citizen, legal resident, and Nigerian citizen living in the diaspora should be able to obtain their NINs.

“The Federal Government is also excited at the news that the use of NIN in the process of the Joint Admissions and Matriculation Board (JAMB) exam significantly reduced the challenge of exam malpractice.

“Similarly, the Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta, and the Director-General/CEO of the National Identity Management Commission (NIMC), Engr. Aliyu Azeez, urge citizens and legal residents to make sure they use the opportunity to complete the process of enrolment and verification before the October 31 deadline.”

In the statement, The Honourable Minister of Communications and Digital Economy, Isa Ali Ibrahim Pantami commended the Kano State government and other states that have made NINs a key requirement for school enrolments and access to other important services.

The Minister also appreciates Nigerians for their patience and compliance with the Federal Government’s directive on the NIN-SIM registration exercise.

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iPhone 13 and 13 mini price, features and specs



The iPhone 13 has officially been revealed at the September 14 Apple event, we shall be looking at the details of the new iPhones including its features, prices, release date, and every other detail you need to know.
At the Apple event, the company unveiled models such as the iPhone 13, iPhone 13 mini, iPhone 13 Pro, and iPhone 13 Pro Max, and below we will be looking at the details of these models below.
What you should watch out for is the new 120Hz display on the Pro and Pro Max models, up to 1TB of storage, and some impressive-sounding camera upgrades.
There is an upgrade in the new model which includes the cinematic video mode which focuses on the subject as it moves. This feature also allows you to blur out the background and as well change the focus or shift it at any time.

iPhone 13 price

The start price for the iPhone 13 mini is $699 (about N290,000 in Nigeria), with a storage of 128GB, as against the 64GB on the iPhone 12. For the iPhone 13, the cost price is $799 (about N300,000 in Nigeria).
As expected, the Pro models will cost you higher, the iPhone 13 Pro starting price is $999/ £949 / AU$1,699 (about 410,000 Nigeria naira) and the iPhone 13 Pro Max will costs you $1,099/ £1,049 / AU$1,849 (about 450,000 Nigeria naira). Another addition to this year’s Pro version is the 1TB storage option, the first time we will be seeing that with the Pro version.

iPhone 13 design

Apple makes a surprising change to its design this year by making the iPhone 13 notch smaller by 20%, the first time since the notch was introduced in 2017 on the iPhone X. With this new design, there will now be more allowance for more screen real estate towards the phone edge.
The screen is covered in Apple’s durable Ceramic Shield to protect it in case of drops. All the new iPhone 13 models are IP68-certified for water resistance.
The iPhone 13 mini and iPhone 13 came with diagonal camera lens layouts making them a little bit more unique than their predecessors.
Apple also considered the environmental factor by ensuring that the materials used for the iPhone 13 are environmentally friendly. The company cut down the usage of plastic in its packaging.

iPhone 13 colours

Image credit: Apple

The new iPhone 13 and iPhone 13 mini came in multiple colours which include pink, blue, midnight (black), starlight (white), and Product(RED).
The iPhone 13 Pro and iPhone 13 Pro Max come in four different colours including graphite (black), gold, silver, and sierra blue (a new one).

iPhone 13 battery life

Apple promised that all the iPhone 13 handsets will feature better battery life. The iPhone 13 mini and iPhone 13 Pro are promised to last 90 minutes longer than the previous model.

The iPhone 13 and iPhone 13 Pro Max is promised to last two and half hours longer than both iPhone 12 and iPhone 12 Pro Max. Apple said the Pro Max will be having the longest battery life ever seen on an iPhone.
In its usage, iPhone 13 mini is capable of up to 17 hours of video playback, while the iPhone 13 can continue up to 19 hours.

iPhone 13 camera

Image credit: Apple

The iPhone 13 comes with a new design for its camera block as the camera lenses are now arranged horizontally as against the previous vertical arrangement

The iP

Image credit: Apple

hone has 12MP wide camera, and a 12MP ultra-wide shooter and can they can take better photos than the cameras on the iPhone 12, accodingf to Apple.

The wide camera has an aperture of f/1.6, and the ultra-wide camera has an f/2.4 aperture.

The iPhone 13 Pro and Pro Max come with three 12MP cameras with new sensors and lenses. The cameras include a wide camera with an f/1.5 aperture and large 1.9 µm pixels, an ultra-wide snapper with an f/1.8 aperture, and a telephoto camera with an f/2.8 aperture.

The main camera on the iPhone 13 Pro accordinf to Apple is 2.2x better in low light situations than the iPhone 12 Pro’s, and the camera on the iPhone 13 Pro Max is 1.5x better when compared with the 12 Pro Max.
All four new iPhones come with Super Retina XDR OLED technology, and Cinematic Mode, a feature that offers your videos professional-grade cinematography with Dolby Vision HDR.

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CBN lists the benefits for its digital currency, e-Naira



Nigeria’s apex bank, the CBN has made known that its about to be launched digital currency, e-Naira, will help in making the banking system become more stable as deposits become more diversified when more people are banked.
It is also the aim of the bank to use digital currency in making it less difficult for the banking system to comply with existing laws such as anti-money laundering, customer protection against fraud, and ensuring the safety and stability of the payment system.

The CBN’s Deputy Governor, Operations, Mr. Folashodun Shonubi, made this known at the Chartered Institute of Bankers of Nigeria (CIBN) advocacy dialogue series 4 webinar held on Thursday in Lagos.

The event was themed, ‘Central Bank Digital Currencies: Insights for the 21st Century Banker.’

These are the words of the Deputy Governor, “The Central Bank in its implementation has ensured the e-Naira feeds our economy and provides greater value.

“The central bank digital currency offers all the benefits of cash but in digital form. Every single digital currency is an
electronic version of the cash, the legal tender. When you make a cash payment, settlement is done instantly; digital
currencies entail the same promises and even more.

“CBDC offers a safer option from the privately issued cryptocurrency which have been based on the possibility to
enable cheaper transactions but have now been used for investment.

“The intention is not to eliminate other forms of payment but to complement the current areas of payment options, thereby
ensuring the stability of the payment system in the long run.

I expect in the coming days we will see rapid inclusion rates.

“For banks in developing nations, it will enhance their liquidity, efficiency in national remittances, and challenge the
high cost of remittances as the world rebounds in the post-pandemic. I am of the view that the era of CBDC promotes greater opportunities, and the central bank must be aware of the risks and mitigate them.”
Lamido Yuguda, the Director-General of the Securities and Exchange Commission (SEC)
Speaking at the event, Lamido Yuguda, the Director-General of the Securities and Exchange Commission (SEC), and one of those who played a major role, speaking at the event said that the digital currency would help in improving the capital market when combined with vibrant inter-developmental policies, leading to financial inclusion, especially in the capital market.

Yuguda also said, “This is an opportunity for the fintech market to connect our people to existing opportunities in the
financial market, connecting our people with investment opportunities in other climes. Once we do that, we would
grow our market, Nigeria has 200 million people. We are blessed with a hardworking youthful population.

“This capital market would in turn finance the necessary infrastructure investment that this country needs today.”

Recall that the CBN had on July 22, 2021, through a private webinar outlined its digital currency initiative which will be launching on October 1st, 2021. Read full story here.


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US SEC threatens to sue Coinbase over lending product



Coinbase, the largest cryptocurrency exchange in the United States, said on Wednesday that it was threatened to be sued by the US Securities and Exchange Commission (SEC) over a proposed financial product that would let customers earn interest on digital asset deposits.
Coinbase chief legal officer, Paul Grewal said in a blog post that the SEC, which regulates financial institutions in the United States, has issued Coinbase with a Wells notice, which is its official way of telling a company that it intends to sue it in court.

Grewal said that the SEC’s concerns about Coinbase’s Lend product were related to the fact that the regulator believed the product involved security. its Lend product could violate securities laws
Grewal said Coinbase felt that this was not the case.
In his response, the CEO of Coinbase, Brian Armstrong, took to Twitter to express his displeasure. Armstrong tweeted today that there has been some “really sketchy behavior coming out of the SEC recently,” before starting a thread on Twitter, detailing the company’s engagement with the SEC.

In the Twitter thread, Armstrong explained that cryptocurrency companies have been offering crypto yield programs for many years and Coinbase made its decision to offer its own version of it.
The Coinbase boss stated: “They refuse to tell us why they think it’s a security, and instead subpoena a bunch of records from us (we comply), demand testimony from our employees (we comply), and then tell us they will be suing us if we proceed to launch, with zero explanation as to why.”

Armstrong reconfirms his willingness and that of Coinbase to follow the law while encouraging the SEC to provide clarity on the subject matter and enforce them evenly across the industry.
In his words, “Look…. we’re committed to following the law. Sometimes the law is unclear. So if the SEC wants to publish guidance, we are also happy to follow that (it’s nice if you actually enforce it evenly across the industry equally btw).”

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