Connect with us

Business

ISPON Moves To Eradicate Piracy … Calls For Joint Effort

Published

on

The Institute of Software Practitioners of Nigeria (ISPON) has reiterated its commitment to ensuring the eradication of software piracy in the country.
The President, Institute of Software Practitioners of Nigeria, Mr. Chris Uwaje who stated this at a conference in Lagos maintained that the succeeful fight against piracy menace would be achieved through the joint efforts of stakeholders from associated sectors.
Uwaje noted that software piracy has in recent times remained a critical and complex issue plaguing the ICT world, regretting that Nigeria has lost over N19.8 billion to software piracy in the year 2010.
The ISPON President stated that government had proffered many ways of tackling the menace adding that the strategies employed so far have not produced a good result and called on all stakeholders to brain storm and find a lasting solution to the menace.
According to him, “Software piracy has become prevalent in the ICT industry. Efforts of ISPON members are thwarted by piracy. This has to stop and it calls for the collaboration of all stakeholders, the customs, the police, vendors, producers or developers and many others. We all must have a forum to combat the menance in other to protect our efforts and the time is now”.
Uwaje exdained that the major reason behind the lingering scourge is the isolatory approach adopted and stressed the need for a collective efforts to bring the menace to an end.
“It is unfortunate that so far there is no forum put together to combat the menace. And offcourse, the problem is that everybody is fighting in isolation.
Piracy is a global phenomenon and must be tackled that way. ISPON is concerned and we must strive to nip it in the bud as quickly as possible” he said.
Reacting, the marketing manager, Microsoft Cote Divoire, Mrs Victoria N’dee Uwadoka said Nigeria is losing fabulous income to the menace of piracy adding it costs the world economy more than $45 billion per year.
Uwadoka who was the former Communicator Manager, Microsoft Nigeria, stated however, that microsoft has on its part devised means of tackling piracy alongside other challenges in the entire ICT Sector.
She said Microsoft has hosted piracy training to ensure that law enforcement officials in Nigeria are armed with the necessary technical knowledge and awareness of the importance of intellectual property to further ensure that software piracy is tackled head on.
Uwadoka expressed hopes that the joint efforts of stakeholders in tackling piracy menace would produce tangible results and urged all related sectors to rise up to the call.

Print Friendly, PDF & Email
Continue Reading

Business

NSE Begins Week On Negative Note, Loses N19.49bn

Published

on

The Nigerian stock market began the week on a negative note as banking and consumer goods stocks, among others, triggered a N19.49bn loss.
At the end of trading on the floor of the Nigerian  Exchange Limited , the NGX All-Share Index dropped by 0.09 per cent to end at 43,270.94 basis points, while the market capitalisation declined to N22.58tn.
Market activities were mixed as the total volume of shares traded decreased by 30.19 per cent while the value traded rose by 34.05 per cent.
A total of 213.13 million shares valued at N2.36bn were exchanged in 4,105 deals, compared to 305.32 million shares worth N3.58bn in 4,450 deals last Friday.
FCMB Group Plc topped the traded stocks in terms of volume, accounting for 27.43 per cent of the total volume of trades while Airtel Africa Plc emerged as the most traded stock by value, representing 28.81 per cent of the total value of trades on the exchange.
14 firms gained compared to 21 losers.
AIICO Insurance Plc was the biggest gainer for the day, topping the gainers’ chart with a price appreciation of 8.57 per cent to N0.76 per share.
It was followed by LivingTrust Mortgage Bank Plc with a rise of 7.95 per cent, ending the day at N0.95 per share.
Analysing by sectors, three of the five major indices closed lower, led by NGX Oil & Gas (-0.56 per cent), NGX Consumer Goods (-0.23 per cent) and NGX Banking (0.18 per cent).
But the insurance (0.82 per cent) and industrial goods (0.002 per cent) indices gained at the end of trading.

Print Friendly, PDF & Email
Continue Reading

Business

… Introduces TIES To Boost  Business Loan

Published

on

The Central Bank of Nigeria (CBN) has introduced the Tertiary Institutions Entrepreneurship Scheme (TIES), which provides undergraduates and graduates with a platform to access loans.
The TIES’ underlying aim is to provide access to capital for Nigerian undergraduates and graduates with innovative entrepreneurial and technological ideas from polytechnics and universities.
TIES intends to shift undergraduates and graduates away from white-collar job pursuits and towards a culture of entrepreneurship development for economic development and job creation.
In a national biennial entrepreneurship competition, the Developmental Component would be distributed in the form of awards to Nigerian polytechnics and universities.
The competition aims to increase undergraduates’ awareness and visibility of high-impact entrepreneurial/technological concepts, foster entrepreneurial talent hunts in Nigerian polytechnics and universities, and encourage commercially viable and transformative technologies.
Interested Nigerian polytechnics and universities shall apply to participate in the national biennial entrepreneurship competition on a dedicated online portal.
Outlining brief details of the project, potential impact and evidence of originality of project, CBN said it is an innovation for students entrepreneurs.

Print Friendly, PDF & Email
Continue Reading

Business

CITN Applauds FG, Tax Authorities On Fiscal Policy Decisions

Published

on

The Chartered Institute of Taxation of Nigeria (CITN) has lauded the Federal Government and tax authorities on the giant strides made on fiscal policy decisions and tax administration measures initiated this year in the area of Finance Act 2021 and the introduction of TaxPromax solution.
President of the institute, Adesina Adedayo, who gave the commendation at the institute’s yearly award ceremony at the weekend in Lagos, assured the government and tax authorities of aligning with the measures and promised to provide professional thoughts and insights on ways through which they could achieve an efficient and effective Nigerian tax system.
Adedayo emphasised the need to address the database, adding that without knowing who the tax-payers are, there is no way they can take money from unknown tax-payers.
Database is the aspect we have been emphasising on as an institute and in doing this, there are so many of pockets of data we have. All the data must be harmonised to have a simple unique tax-payers identification number,” he said.

Print Friendly, PDF & Email
Continue Reading

Trending