How to address data privacy concerns in the workplace and …

Data Privacy

How to address data privacy concerns in the workplace and …   By Andrew Bourne  As businesses look to overcome the challenges of 2020, they’ll have a number of goals in mind. For some, it will be about survival while others will work towards rebuilding and reversing any losses they might have made in 2020. Whatever state a business finds itself in this year, it cannot afford to ignore data privacy as a key priority especially, now that global and local news networks are covering online privacy quite extensively. In…

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3G, 4G Telecom Towers in Nigeria now 53,460 — Danbatta

3G, 4G Telecom Towers

…Receives Ministry’s New Perm Sec applause The third generation (3G) and fourth generation (4G) base transceiver stations (BTS) deployment in Nigeria has increased from 30,000 to 53,460 while Fibre Optic Transmission cables expanded from 47,000km to 54,725km in the last five years, resulting in improved broadband/telecoms service delivery to Nigerians. These were parts of industry growth data reeled out by the Executive Vice Chairman of Nigerian Communications Commission (NCC), Prof. Umar Danbatta at a briefing for the new Permanent Secretary of the Federal Ministry of Communications and Digital Economy, Engr.…

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Nigeria imports N2.59trn goods from Asia in three months

Nigeria imports N2.59trn goods from Asia in three months

Nigeria imports N2.59trn goods from Asia in three months   Goods traded by Nigeria with other West African countries have been ranked as the least among the country’s global trade partners. Figures obtained from the National Bureau of Statistics’ foreign trade statistics for the third quarter of 2020 revealed that trade with Asian countries topped the list of Nigerian trade partners. Part of the report read, “During the quarter, Nigeria imported goods mainly from Asia, valued at N2.59 trillion. “Other major imports originated from Europe, valued at N1.8 trillion while…

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Nigeria records $90m FDI in one month

Nigeria records $90m FDI in one month

Nigeria records $90m FDI in one month   Nigeria recorded Foreign Direct Investment totaling $90 million in October according to figures obtained from the Central Bank of Nigeria on Wednesday. The CBN disclosed in its monthly economic report that in the review period, capital inflow declined by 71.4 per cent due to tight global financial conditions, as countries, particularly, the developed economies struggled with the second wave of the COVID-19 pandemic. Part of the report stated, “Capital importation data showed that inflow declined to $0.19bn in the review period, below…

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Oil rises to $56 on US stimulus prospects

oil export proceeds

Oil rises to $56 on US stimulus prospects   Oil prices rose for a second consecutive day on Wednesday, as the market expects the new United States administration to ‘act big’ in the next COVID-19 relief package. As of 9:17 a.m. ET on Wednesday, the Inauguration Day for President-elect Joe Biden, West Texas Intermediate crude was up 1.53 per cent at $53.77, and Brent crude prices were trading above $56 a barrel – up by 1.16 per cent at $56.52, very close to the 11-month high prices hit last week,…

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UBA’s LEO: Celebrating 3 years of revolutionised banking services

Celebrating 3 years of revolutionised banking services

UBA’s LEO: Celebrating 3 years of revolutionised banking services   Technology has been a veritable gift to mankind, and over the years, it has been responsible for creating amazingly useful resources which put all the information individuals need at their fingertips. The development of technology has also led to so many mind-blowing discoveries, better facilities, and better luxuries, which has in-turn helped to improve lifestyle and standard of living. For instance, through relevant technological development, the average individual has been empowered to shop online and carry out seamless transaction any…

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Don’t miss 9 benefits of registering businesses with the CAC

benefits of registering businesses with the CAC

Don’t miss 9 benefits of registering businesses with the CAC   Obviously, many micro and small businesses, as well as bigger companies alike, are going corporate and the Corporate Affair Commission of Nigeria (CAC) is having a burgeoning customer base, coupled with a pay day. This assertion was confirmed by The Registrar-General of the CAC, Alhaji Garba Abubakar, who has  just disclosed that the organisation raked in more than N19 billion as Internally Generated Revenue (IGR) in 2020. This was despite the pandemic impact in the year and reduced cost…

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FG spent N6.46trn on debt servicing, personnel in 2020 – Minister

FG spent N6.46trn on debt servicing

FG spent N6.46trn on debt servicing, personnel in 2020 – Minister   The Federal Government spent a total of N6.46tn on debt servicing and workers in 2020, the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has said. She also disclosed that the government released a total of N1.8tn for capital projects within the year. She noted that out of this, up to N118.37bn was released for COVID-19 capital expenditure. Ahmed spoke virtually while presenting the 2021 Federal Government approved budget. Providing updates on the 2020 budget implementation,…

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Today: Bitcoin extends tumble in further blow to volatile crypto boom

Bitcoin extends tumble

Today: Bitcoin extends tumble in further blow to volatile crypto boom   Bitcoin resumed declines today Wednesday as the digital coin heads for its worst week since March last year, a drop that’s raised questions about the outlook for the cryptocurrency boom. Bitcoin fell as much as 6.8% to about $32,359 before paring some losses. The largest cryptocurrency whipsawed investors over the past few days, hitting a record near $42,000 on Jan. 8 and then tumbling to a low around $30,300. The price swings evoke memories of Bitcoin’s December 2017…

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Zoom Video raises $1.75bn in new stock offering

Zoom Video

Zoom Video raises $1.75bn in new stock offering   Zoom Video Communications Inc. is raising $1.75 billion through a stock offering, capitalising on enduring demand for the video-conferencing platform during the pandemic. Zoom is selling about 5.15 million shares at $340 apiece, representing a 4.7 per cent discount to its last close, according to a statement on Tuesday. The offering is expected to close on or about January 15. It has given its underwriter a 30-day option to buy as much as an additional 735 294 shares of its Class…

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