Close Menu
  • Homepage
  • News
  • Cloud & AI
  • ECommerce
  • Entertainment
  • Finance
  • Opinion
  • Podcast
  • Contact

Subscribe to Updates

Get the latest technology news from TechFinancials News about FinTech, Tech, Business, Telecoms and Connected Life.

What's Hot

Digitap ($TAP) Crushes NexChain with Real Banking Utility: Best Crypto to Buy in 2026

2026-02-05

Bridging Financial Frontiers: ZOOMEX Launches “February XAUT Airdrop Event”

2026-02-05

More Profitable Than SHIB or SOL? Digitap’s Big-Time Deposit Upgrade Gains Worldwide Attention

2026-02-05
Facebook X (Twitter) Instagram
Trending
  • Digitap ($TAP) Crushes NexChain with Real Banking Utility: Best Crypto to Buy in 2026
Facebook X (Twitter) Instagram YouTube LinkedIn WhatsApp RSS
TechFinancials
  • Homepage
  • News
  • Cloud & AI
  • ECommerce
  • Entertainment
  • Finance
  • Opinion
  • Podcast
  • Contact
TechFinancials
Home»Boardroom Games»Nigeria Suspend Sim Card Registration, Move May Hit MTN’s Festive Sales
Boardroom Games

Nigeria Suspend Sim Card Registration, Move May Hit MTN’s Festive Sales

Gugu LourieBy Gugu Lourie2020-12-10Updated:2020-12-10No Comments2 Mins Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Email
MTN
MTN Group CFO Ralph Mupita
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link

The Nigerian government has initiated a review of subscriber registration and ordered mobile operators, such as MTN, to suspend sale of new SIM cards.

In a statement on its website, the Nigerian Communications Commission (NCC) said in line with the government desire to consolidate the achievement of the SIM Card registration exercise of September, 2019, the Minister of Communications and Digital Economy, Dr. Isa Ali Ibrahim (Pantami), has directed the NCC to embark on another audit of the Subscriber Registration Database again.

“The objective of the audit exercise is to verify and ensure compliance by Mobile Network Operators with the set quality standards and requirements of SIM Card Registration as issued by the Federal Ministry of Communications and Digital Economy and the Commission,” the NCC said.
“Accordingly, Mobile Network Operators (MNOs) are hereby directed to immediately suspend the sale, registration and activation of new SIM Cards until the audit exercise is concluded, and Government has conveyed the new direction.”
In February 2016, MTN agreed to pay $250 million (R3.87 billion) to settle dispute with the Nigerian authorities over the failure by the mobile phone giant to register subscribers.
MTN was given a December 31 2015 deadline to pay the R59 billion ($3.9 billion) fine for its failure to disconnect 5.2 million subscribers who did not register their SIM cards. The payment deadline has expired.
The NCC today warned MTN and its rivals that non-compliance with the directive to suspend sale of new SIM Cards will be met with strict sanctions, including the possibility of withdrawal of operating license.
“As the Minister has earlier directed in January, 2020, all citizens are urged to immediately secure Digital Identification from the National Identity Management Commission and submit it to the Network Operators.”

The company’s share price was down 6.17% to R65.51 by 14:40, pushing down its market value to R132 billion.

MTN MTN Nigeria Nigeria Ralph Mupita
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Gugu Lourie
  • Website

Related Posts

Vodacom Reports Robust Q3 Growth, Driven By Diversification And Strategic Moves

2026-02-04

Dutch Entrepreneurial Development Bank FMO Invests R340M In Lula To Expand SME funding In SA

2026-02-03

South Africa’s First Institutional Rand Stablecoin, ZARU, Launches

2026-02-03

Paarl Mall Gets R270M Mega Upgrade

2026-02-02

The EX60 Cross Country: Built For The “Go Anywhere” Attitude

2026-01-23

Mettus Launches Splendi App To Help Young South Africans Manage Their Credit Health

2026-01-22

Huawei Says The Next Wave Of Infrastructure Investment Must Include People, Not Only Platforms

2026-01-21

Stablecoins Are Gaining Ground As Digital Currency In Africa: How To Avoid Risks

2026-01-13

South Africa: Best Starting Point In Years, With 3 Clear Priorities Ahead

2026-01-12
Leave A Reply Cancel Reply

DON'T MISS
Breaking News

Dutch Entrepreneurial Development Bank FMO Invests R340M In Lula To Expand SME funding In SA

South African SME funding platform Lula has secured R340 million in local currency funding from…

Paarl Mall Gets R270M Mega Upgrade

2026-02-02

Huawei Says The Next Wave Of Infrastructure Investment Must Include People, Not Only Platforms

2026-01-21

South Africa: Best Starting Point In Years, With 3 Clear Priorities Ahead

2026-01-12
Stay In Touch
  • Facebook
  • Twitter
  • YouTube
  • LinkedIn
OUR PICKS

Vodacom Reports Robust Q3 Growth, Driven By Diversification And Strategic Moves

2026-02-04

South Africa’s First Institutional Rand Stablecoin, ZARU, Launches

2026-02-03

The EX60 Cross Country: Built For The “Go Anywhere” Attitude

2026-01-23

Mettus Launches Splendi App To Help Young South Africans Manage Their Credit Health

2026-01-22

Subscribe to Updates

Get the latest tech news from TechFinancials about telecoms, fintech and connected life.

About Us

TechFinancials delivers in-depth analysis of tech, digital revolution, fintech, e-commerce, digital banking and breaking tech news.

Facebook X (Twitter) Instagram YouTube LinkedIn WhatsApp Reddit RSS
Our Picks

Digitap ($TAP) Crushes NexChain with Real Banking Utility: Best Crypto to Buy in 2026

2026-02-05

Bridging Financial Frontiers: ZOOMEX Launches “February XAUT Airdrop Event”

2026-02-05

More Profitable Than SHIB or SOL? Digitap’s Big-Time Deposit Upgrade Gains Worldwide Attention

2026-02-05
Recent Posts
  • Digitap ($TAP) Crushes NexChain with Real Banking Utility: Best Crypto to Buy in 2026
  • Bridging Financial Frontiers: ZOOMEX Launches “February XAUT Airdrop Event”
  • More Profitable Than SHIB or SOL? Digitap’s Big-Time Deposit Upgrade Gains Worldwide Attention
  • UK Financial Ltd Deploys On-Chain Whitelisting to Transform SMPRA into Institutional-Grade Security
  • Mr. Liu Xiaojun, on Behalf of Fufeng Group, has Fully Completed the Acquisition of Viva World Trade, Inc.
TechFinancials
RSS Facebook X (Twitter) LinkedIn YouTube WhatsApp
  • Homepage
  • Newsletter
  • Contact
  • Advertise
  • Privacy Policy
  • About
© 2026 TechFinancials. Designed by TFS Media. TechFinancials brings you trusted, around-the-clock news on African tech, crypto, and finance. Our goal is to keep you informed in this fast-moving digital world. Now, the serious part (please read this): Trading is Risky: Buying and selling things like cryptocurrencies and CFDs is very risky. Because of leverage, you can lose your money much faster than you might expect. We Are Not Advisors: We are a news website. We do not provide investment, legal, or financial advice. Our content is for information and education only. Do Your Own Research: Never rely on a single source. Always conduct your own research before making any financial decision. A link to another company is not our stamp of approval. You Are Responsible: Your investments are your own. You could lose some or all of your money. Past performance does not predict future results. In short: We report the news. You make the decisions, and you take the risks. Please be careful.

Type above and press Enter to search. Press Esc to cancel.

Ad Blocker Enabled!
Ad Blocker Enabled!
Our website is made possible by displaying online advertisements to our visitors. Please support us by disabling your Ad Blocker.