Tag Archives: Business Remarks

The fourth edition of the Telecoms Sector Sustainability Forum (TSSF 4.0), organized by Business Remarks and themed “Mainstreaming Data Centres in the Nigerian Digital Economy,” is set to take place on Thursday, October 5th, 2023, at “The Colossus Hotel,” Opebi – Sheraton Link, Ikeja, Lagos State. This landmark event is …

The Executive Vice Chairman of the Nigerian Communications Commission, NCC, Prof. Umar Danbatta has shed more light on the ongoing rift on the Unstructured Supplementary Service Data (USSD) debts between the telecoms service providers and the financial institutions in Nigeria. The EVC said that both parties have reached a consensus …

Nigeria’s external reserves dropped by $915m after the Central Bank of Nigeria officially floated the naira and liberalised the foreign exchange market. CBN data obtained on Sunday showed that the reserves, which stood at $34.66bn as of June 14, 2023, when the naira was floated, fell to $33.74bn as of …

President Bola Tinubu on Tuesday in Abuja expressed his resolute commitment to break the vicious cycle of overreliance on borrowing for public spending, and the resulting burden of debt servicing it places on the management of Nigeria’s limited government revenues. Inaugurating the Presidential Committee on Fiscal Policy and Tax Reforms, …

By Dr. Nathaniel Atansuyi Small and medium-sized businesses (SMEs) are embracing social media platforms and using different digital technologies and gadgets in order to stay competitive and broaden their reach in an increasingly digital world. However, this quick advancement in technology exposes SMEs to an increasing number of cybersecurity risks. …

The total remittances recorded by Nigeria in six months was placed at $952 Million for the first half of the year 2023, the Central Bank of Nigeria has said. The apex bank, CBN disclosed this in its International Payment just released. The half-year 2023 remittances, however, represent a 21% decline compared to …

The Federal Government is set to make about N12bn a year from the N1,000 Proof of Ownership Certificate verification fee motorists are to pay. Last week, the Permanent Secretary, Lagos Ministry of Transportation, Abdulhafiz Toriola, disclosed this. He stated that this certificate would help vehicle owners and the government assure …

Following the latest cost-cutting measure by the government, the Federal Government says it will discontinue budgetary allocations to thirty-three (33) professional bodies and councils. In a memo to one of the affected councils dated June 26, 2023, the Budget Office of the Federation said the move was in line with …

The National Commissioner for the Nigeria Data Protection Bureau, Dr Vincent Olatunji has called the attention of the Central Bank of Nigeria to following the principle of data minimization when collecting bank users’ data. Olatunji kicked against the regulation of CBN mandating financial institutions to obtain social media handles, among …

The telecommunications infrastructure provider, Wireless Technology Labs (WTL) has urged the newly licensed Mobile Virual Network Operators (MVNOs) in Nigeria on the need to embrace innovation for sustainability and to keep up with the fast-paced digital transformation in the world. To stay relevant and thrive, the Chief Executive Officier and …