A popular philanthropist and business icon was once quoted as saying that when entrepreneurs from Nigeria die, they will be ushered into heaven by God because they cannot suffer twice.The statement above, although capable of drawing some mirth, is a reflection of the challenging business climate that Nigeria represents. Doing business in Nigeria is tough.
Following the Senate investigative hearing which gave the Fifth Generation (5G) technology a clean bill of health, the Nigerian Communications Commission (NCC) has taken a major proactive regulatory step by inaugurating a committee to develop the Information Memorandum (IM) for the auction of 3.5 gigahertz (GHz) spectrum band which will be used for early deployment of 5G services in the country.
Commentary@ITREALMS ... making leadership SENSE with digital news!
In early January 2018, a mega acquisition
that would alter the equation in Nigeria, Africa’s biggest economy, was about
to go down.
On one side and spearheading this landmark acquisition was the Zinox Group, a Nigerian-headquartered but globally renowned technology group that had overseen over three decades of sterling and unmatched leadership in the Sub-Saharan African business terrain.
According to a recent survey, only 30% of Nigerian businesses are aware of privacy laws governing their marketing activities, despite Nigeria Data Protection Regulation (NDPR) being in effect since 2019. The survey, conducted by WorldWideWorx and commissioned by global technology company Zoho, also revealed that even though businesses are concerned about the privacy of customer's data in the hands of third-party vendors, they are reliant on them for revenue generation and gathering customer insights. This makes it harder for them to move away.
According to WorldWideWorx CEO Arthur Goldstuck, the lack of awareness about the law is largely because these regulations are not part of business-critical activities like taxation and licensing. However, 78% of the businesses indicated that they have well-documented policies for customer data protection. "This is likely following fear of NDPR violation, which has made headlines in Nigeria," said Goldstuck. Even so, only 60% are strictly applying them.
RAHEEM AKINGBOLU writes on digitisation in the banking industry and how the recently unveiled VULTe by Polaris Bank will change the game and deepen the bank’s penetration in the market place.
ITREALMS ... making leadership SENSE with digital news!
The Ibadan Book Club (IBC) has set aside June 26, 2021 to host Mrs. A.I Akinlolu, the current Oyo State Librarian as her Guest Writer/Reader for the month of June, reports ITREALMS.
The Coordinator of the Club, Ayobami Odunayo in a press statement available to ITREALMS, said that the event will take place at the Conference Hall of the Oyo State Library Board, Opposite Cocoa House, Dugbe, Ibadan by 12p.m.
Recent ban of Twitter by the Federal Government is an indication how responsible leadership should not react to powerful ‘communications’ technology tool in an environment dare need of peace building, writes REMMY NWEKE.
An open letter to Mr. President, General Muhammadu Buhari, retired, by award-winning Poet, Dike Chukwumerije, wanted to know where his loyalty is; Nigeria or normadic Fulani?
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