There are indications that network subscribers in Nigeria may no longer be able to own more than three phone lines as the Minister of Communications and Digital Economy, Isah Pantami has directed the Nigerian Communications Commission to revise the policy on SIM card registration and usage. The revised policy, which is based on security considerations, would ensure that the National Identity Number would become a compulsory requirement for registration of new SIM cards in the country. The new policy, according to a statement by the minister’s Technical Assistant on Information Technology, Femi Adeluyi, would put a cap on the number of mobile phone lines that could be obtained and registered by an individual. Currently, many Nigerians have multiple mobile phone lines as they could buy as many as possible. While registrations of new SIM cards are to be accompanied with a subscriber’s NIN, already registered SIM cards are to be updated with the NIN before December 1, 2020. Similarly, foreigners are to use their passport and or visa numbers to register SIM cards, the ministry said. The minister had in late 2019 declared that there were no more unregistered SIM cards in the country, following an NCC directive to block about 9.2 million unregistered and pre-registered SIM cards.

Farmcrowdy, a Nigerian agritech platform, has acquired a majority stake in the agro company, Best Foods, for an undisclosed amount. The deal will see Farmcrowdy deepen its penetration in the livestock value chain. “This deal with Farmcrowdy is a welcome development for us,” said Emmanuel Ijewere, Founder of Best Foods. “It provides a major growth opportunity for both businesses. We are excited about the many possibilities,” he added. Founded in 2016, Farmwcrowdy is a crowdfunding platform that allows people to invest directly in the agricultural sector. The company uses the fund to support farmers, providing them with financing, agricultural extension support and market access. Over the past year, the company has been on the diversification path. Beyond crowdfunding and helping farmers improve their yields, the company has pushed deeper and quietly into the livestock business.

Nigeria’s legislature has begun consulting with the president to draft “from scratch” a bill overhauling the nation’s petroleum sector and will aim to pass it by the end of 2020, the Senate president said on Wednesday. The government of Africa’s largest oil-producing nation has been trying to pass sprawling legislation on the sector, governing everything from taxation to relations with the oil-producing regions in the Niger Delta, for more than a decade. Senate President Ahmad Ibrahim Lawan said on Twitter that he was confident a bill would be passed by both chambers and sent to the president before the end of the year. The presidency and both chambers of parliament have been in the hands of the same party since elections last February, potentially smoothing the passage of the legislation. Oil companies have said an overhaul this year is key to enabling investment in the sector, particularly after Nigeria passed another law increasing the government’s take from deep offshore fields.

The Independent National Electoral Commission (INEC) has de-registered seventy-four political parties. This suggests that only eighteen political parties survived the de-registration process The commission carried out a review of the performance of political parties after the 2019 general elections to see which parties qualify to exists. In a press conference in Abuja, the Chairman of INEC, Professor Mahmood Yakubu said September 19th, 2020 had been set for the governorship election in Edo and October 10th, 2020 for the Ondo gubernatorial.