Business
MTN begins embedded SIM services trial in Nigeria

MTN Nigeria Plc, on Wednesday, began the trial of embedded Subscriber Identity Modules, e-SIM, services on its network, making it the first to do so in West Africa.
e-SIM is basically a small chip inside the phone which does not require physical SIM cards or swapping. It enables the phone work in a similar way to the Near Field Communication, NFC, chip that is used for payment technologies.
MTN said the service is based on approvals received from the Nigerian Communications Commission, NCC.
The technology, commonly described as the next step in the evolution of SIMs, is designed to deliver unprecedented freedom and flexibility.
READ ALSO :
- Breaking: UAE lifts visa ban on Nigerians
- All you need to know about bitcoin
- Nigeria – 13/11/2020: Today’s Naira Rate Against The Dollar, Pounds, and Euro
- Nina Ivy Reveals Her Son’s Face (Photos)
- NNPC Raises Petrol Depot Price, Marketers To Sell At ₦168 – ₦170 Per Litre
Unlike physical SIMs, e-SIMs are built into smartphones, devices, and wearables. They support multiple profiles and allow customers to connect multiple numbers to the devices they are deployed in.
According to MTN, the trial which kicked-off today (Wednesday) will run for one year and is open on a first come first served basis to a limited number of subscribers, who own compatible devices.
Chief Operating Officer, MTN Nigeria, Mazen Mroue, said the company was eager to get through the trial process so that the technology can be deployed for the benefit of every Nigerian.
His words: “We are in a fast-paced digital age with new technological advancements driving the constantly changing landscape.
“Against this backdrop, customers depend on us to provide high quality, reliable and easy-to-use connectivity solutions.
“With the introduction of the e-SIM, we will offer customers a seamless and distinctive digital experience with new levels of flexibility, simplicity and convenience.
“This is a further demonstration of our firm commitment to delivering the benefits of a bold new digital world to our customers; and we will continue seeking new ways to provide solutions that address old and new challenges, making life a little easier and brighter.”
Mroue noted that notwithstanding the sophistication of e-SIMs, the onboarding requirements are the same as are required for a physical SIM.
He advised users to remember that like the physical SIM, e-SIM also requires registration in line with existing regulatory prescriptions for activating a device embedded with an e-SIM.
e-SIMs are particularly useful for people who want to manage personal and business lines easily and effectively or want a separate profile for data.
The new technology will also be extremely convenient for frequent travellers and tourists, making it easier for them to opt for and keep a local subscription when visiting Nigeria.
MTN said it is spearheading e-SIM adoption in Nigeria as part of efforts to enable the digital economy, drive digital transformation, foster inclusion, improve customer experience and maintain the highest quality of service for its customers.
Business
All you need to know about bitcoin

What is Bitcoin and Who created Bitcoin ?
Bitcoin is a cryptocurrency, a form of electronic cash. According to Wikipedia, it was invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto and started in 2009 when its implementation was released as open-source software. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin blockchain network without the need for intermediaries. It is powered through blockchain technology.
Is Bitcoin real money?
Bitcoin is not a money that the government declared to be a legal tender i.e. it is not fiat money and does not have ties to any government. It is a cryptocurrency and can be used as payment or for investing purposes. Many mainstream companies and even some governments accept Bitcoin as payment.
To buy bitcoin in Nigeria at an affordable rate,
Visit: www.cryptonaira.ng
Business
NNPC Raises Petrol Depot Price, Marketers To Sell At ₦168 – ₦170 Per Litre

The Petroleum Products Marketing Company, a subsidiary of the Nigerian National Petroleum Corporation, has increased the ex-depot price of Premium Motor Spirit, also known as petrol, to N155.17 per litre from N147.67 per litre Punch reports,
The PPMC disclosed this in an internal memo with reference number PPMC/C/MK/003, dated November 11, 2020, and signed by Tijjani Ali.
Read Also: NNPC’s staff receive N357bn as salary in a year
The memo, a copy of which was seen by our correspondent, said the new ex-depot price would take effect from Friday.
The ex-depot price is the price at which the product is sold by the PPMC to marketers at the depots.
In its PMS price proposal for November, the PPMC put the landing cost of petrol at N128.89 per litre, up from N119.77 per litre in September/October.
It said the estimated minimum pump price of the product would increase to N161.36 per litre from N153.86 per litre.
The National Operation Controller, Independent Petroleum Marketers Association of Nigeria, Mr Mike Osatuyi, in a telephone interview with our correspondent, said the over N7 increase in ex-depot price would translate into an increase in pump prices.
“Crude oil price is going up,” he said, noting that the Federal Government has fully deregulated petrol prices.
Following the deregulation of petrol prices in September, marketers across the country adjusted their pump prices to between N158 and N162 per litre to reflect the increase in global oil prices.
Petrol price band had also risen from N121.50–N123.50 per litre in June to N140.80-N143.80 in July and N148-N150 in August.
The Minister of State for Petroleum Resources, Timipre Sylva, said in September that the government had stepped back in fixing the price of petrol, adding that market forces and crude oil price would continue to determine the cost of the product.
Business
Dangote Reacts To Criticisms On Border Closure Exemption

The Dangote group has reacted to a recent report published on Bloomberg that their cement company was solely exempted from the Land Border Closure by the Nigerian government.
The report revealed that Dangote Cement was still able to export products despite the land border closure put in place by the Federal Government thus gaining an ‘unfair’ advantage.
Read Also: Meet Mariya Dangote: Dangote’s Daughter
Responding to the development in a statement sent to POLITICS NIGERIA, signed by Timilehin Oyedare, the cement giant disclosed that the report was ‘misleading’.
“Contrary to reports by Bloomberg that Dangote Cement was granted sole approval to export cement through the land borders, information has emerged that other companies also got approval to export through the land borders. Nigerian Customs Service has reportedly revealed that a gas company have also received presidential approval to move goods across the land borders.”
“Joseph Attah, the spokesperson for Nigerian Customs Service, was said to have clarified on phone from Lagos.”
“Dangote Cement and other companies in July, 2020 got partial special dispensation to export their products with certain sequence of crossing at Ilela land border in Sokoto State and Ohumbe land border in Ogun State, the company clarified.”
The Group Chief, Branding and Communications, Dangote Group, Mr. Anthony Chiejina, said the report is misleading and mischievous because it focused only on Dangote Cement as the sole beneficiary of the partial special dispensation.
- Business4 years ago
The Biggest Container Ship Ever To Come To Nigeria Berths In Onne Port, Rivers State (Photos)
- Q & A4 years ago
The 8 Hierarchy of Courts in Nigeria Explained: Functions & Jurisdiction
- Business5 years ago
CBN returns over ₦60 billion excess bank charges to customers
- Politics5 years ago
Gbajabiamila Gives Akpabio 48 Hours To Publish Names Of Lawmakers Awarded Contracts By NDDC
- Business4 years ago
All you need to know about bitcoin
- Politics4 years ago
Full List of Nigeria’s Senate Presidents Till Date
- Politics7 months ago
Breaking: UAE lifts visa ban on Nigerians
- Politics5 years ago
List of all State Governors in Nigeria