Business
MTN Lines Barred, Sparking Subscriber Outrage
MTN has announced a barring of lines for some subscribers today, reportedly affecting those who have not updated their National Identity Number (NIN) as mandated by regulatory standards.
The telecommunications giant has advised impacted customers to visit service centers or use the online platform to update their details and restore service.
The move is part of MTN’s effort to comply with regulatory guidelines aimed at maintaining accurate customer records and enhancing security.
However, one long-time subscriber has expressed significant frustration after their line was barred without prior notice.
The customer, who has used their MTN line for over a decade and linked it to their NIN multiple times, feels this sudden action undermines their expectation of respect and dignity from the service provider.
MTN has not yet specifically addressed this case but reiterates its commitment to regulatory compliance and encourages affected users to update their information to restore their services.
The US Dollar and Bitcoin rise again as Trump reportedly wins the presidential election with 279 Electoral College votes against Kamala Harris’s 22. Major investors have now returned and do no longer need to be cautious.
Investors now anticipate Trump’s policies economically, Dollar has now strengthen again and is now against Euro and Pound which were gaining benefits over Dollar being weak. With Trump’s win, crypto and Bitcoin have strongly risen and are set with expectations higher prices and a boost in U.S savings returns.
The Upcoming United State Presidential has caused USD to be weak due to the investors being cautious of the outcome. Meanwhile other countries are gaining strength in their currency and benefitting from this weakness. Euro and GBP keeps rising and gaining against USD.
Gold prices still remain stables despite the recent deadline and the Australian inflation keeps rising. Markets are now watching the political movement to serve as guidance.
Security Expert, Dr. Kingsley Aguoru has advised the Central Bank of Nigerian (CBN) and Economic and Financial Crimes Commission (EFCC) to stop the use of online transactions through Card Pins as it results to a security risk.
He emphasized the risks we can be exposed to, phishing and cyber threats, he states that the use of one-time passwords can serve as an aid in this to better the security.
The expert shares that pins are only safe when in use for ATM and Pos but not online, due to cyber risks. He expressed that information can be leaked from the continuous use of sharing pins online.
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