Tag Archives: Business Remarks

Sterling Bank has reportedly pitched its new advanced core banking application software, SEABaaS, to fintech comapanies and MTN’s Mobile Money business, MoMo. SEABaaS which stands for Sterling Bank’s Enterprise Application Bus as a Service, is a platform designed to make Sterling Bank more agile and responsive, much like a fintech …

The Nigerian Exchange Limited (NGX) stock market experienced a significant decline last week, with its market capitalization shedding a substantial N539 billion. This downturn was primarily attributed to profit-taking activities in large-cap stocks, which further eroded investor confidence amid prevailing macroeconomic uncertainties and global economic challenges. This decline reflects renewed …

 By Elvis Eromosele In recent years, the cost of transportation in Nigeria, like everything else, has skyrocketed, putting immense pressure on citizens. This surge is not just a local issue, but one deeply intertwined with national and global factors. The removal of fuel subsidies, the devaluation of the naira, and …

Leading figures in the telecommunications and information and communications technology (ICT) sectors are set to gather for the fifth edition of the Telecom Sector Sustainability Forum (TSSF 5.0). The event themed “Mitigating the Effect of Talent Exodus and its Impacts on the Growth of Nigeria’s Telecommunications Industry” is carefully designed …

…Commission Sends Message to Banks with Fidelity Bank Fine Following investigations into violations of Nigeria Data Protection Act, 2023 and the Nigeria Data Protection Regulation, 2019, Nigeria Data Protection Commission (the Commission) ordered Fidelity Bank PLC to pay a sum of N555,800,000 (Five Hundred and Fifty-Five-Million-Eight Hundred-Thousand naira) as fine …

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. …