Connect with us

Business

NCC Restates Commitment To Digital Economy

Published

on

The Executive Vice Chairman (EVC) of the Nigerian Communications commission (NCC), Prof. Umar Garba Danbatta, has stated that the Commission is irrevocably committed to boosting the nation’s digital economy through responsive regulations.
Danbatta gave this assurance at the Commission’s 2021 Annual Cybersecurity conference, organised in collaboration with the Office of the National Security Adviser (ONSA) in Abuja, recently.
The theme of the event was “Building Trust in the Digital Economy through Cybersecurity and Sensitization on the Implementation of the National Cybersecurity policy and Strategy (NCPS).”
Represented by NCC’s Executive Commissioner, Stakeholder Management (ECSM), Adewolu Adeleke, Danbatta said the Commission would continue to be at the forefront of ensuring sound cybersecurity culture built on people, process and technology to bolster digital economy in the country.
Emphasising the centrality of information sharing with stakeholders, the NCC boss urged telecom consumers and the public to take advantage of NCC’s pervasive communications campaign planned to create awareness and sensitize the public about the wiles of cyber criminals. 
“Our various cybersecurity awareness initiatives and campaigns are helping the public to understand the risks in digital space and how to reduce the vulnerabilities that adversaries can benefit from.
“Our collective resolve is to continuously boost trust and confidence in our digital economy by ensuring adherence to sound cybersecurity culture and hygiene, internally and with external partners as well as stakeholders”, he said.
He explicated on the increasing dynamics in the digital space by informing the audience that the Commission recognizes the importance of ensuring and instituting appropriate cybersecurity measures to derive meaningful gains from the emergent digital economy.
Danbatta asserted: “The growth of digital economies is changing how “trust” is valued by institutions, businesses, and the public. The increase in technological advancement has also resulted in increase in cybercrimes, as well as identify theft and fake news campaigns that have introduced fresh dimensions that affect the notion of trust in the digital era”.
The NCC Chief Executive noted that trust and confidentiality promote a healthy digital environment, as gleaned from global best practices in order to guarantee the privacy and integrity of digital data. 
He said to improve digital trust and confidentiality, the digital economy should be built on trusted technologies and partnerships, ensuring strong cybersecurity that rides on public’s confidence, security, privacy and safety to bolster responsive regulations, transparency, accountability and digital governance.
“Acceleration of innovations and enterprise in the digital space amplify vulnerability opportunities, which malicious parties are quick to exploit, thereby slowing down the gains of digital economy”, he said. 
Speaking further, Danbatta affirmed that the launching of NCC Computer Security Incident Response Team (NCC CSIRT), which is the telecoms sector’s version of the Nigerian Computer Emergency Response Team (ng. CERT) was a testament of the Commission’s resolve to promote a healthy digital environment in the telecom sector.
He also called on cybersecurity stakeholders to key into the National Cybersecurity Policy and Strategy (NCPS) 2021, and accelerate the adoption of its various components as cybersecurity is a collective responsibility and no single government, business or individual is immune or can do it alone.

Continue Reading

Business

FG Approves 4 New Channel Management Firms For Seaports

Published

on

The Federal Executive Council (FEC) has approved four new channel management companies for seaports across the country in a move aimed at improving vessel navigation and port operations.
Speaking at the recently concluded Annual General Meeting of the Nigerian Association of Master Mariners (NAMM), former General Manager, Marine and Operations, Capt. Ebubeogu Ihenacho, disclosed that there would be changes in the ownership of the Lagos Channel Management Company Limited and the Bonny Channel Management Company.
According to Ihenacho, the four channels serving Nigeria’s major port clusters will have different channel management companies as approved by the FEC.
He said a new company had been approved to manage the Lagos port channel, with a change of name, while the Calabar Channel would be managed by the Calabar Channel Management Company.
He added that Bonny Channel Management Company had also undergone a change of ownership.
On the Warri Channel, Ihenacho said the Federal Government had approved China Harbour Engineering Company (CHEC) and two other companies to form a consortium to manage the Escravos Channel.
He said: “For Warri, it was approved for China Harbour Engineering Company, CHEC, and two other companies, who would now form a consortium.
That consortium will now form a Special Purpose Vehicle (SPV) with the Nigerian Ports Authority to manage the Escravos Channel.”
Recall that the management of the NPA had declined to renew the concessions of the Lagos Channel Management Company Limited and the Bonny Channel Management Company, opting instead for six-month extensions of the existing arrangements.
By; Enoch Epelle
Continue Reading

Business

RIRS Warns Against Unauthorised Tax Collection

Published

on

The Rivers State Internal Revenue Service (RIRS) has warned motorists, transport operators and business owners against paying taxes, levies or charges to Unauthorised persons and organisations, insisting that only the Service and its duly appointed agents are legally empowered to collect taxes on behalf of the state government.
The Service gave the warning in a public notice dated October 21, 2026, signed by its Executive Chairman, Sir Israel O. Egbunefu, FCTI, in which it clarified that the Rivers State Ministry of Transport was not authorised by the state government to collect road tax or any other tax, levy or charge from motorists and transport operators.
RIRS also specifically disowned Explore Strategic Alliance Ltd, located at No. 7 Rumuodaolu Market Road, Port Harcourt, declaring the company had not been appointed or authorised by either the state government or the Service to collect Motor Vehicle Transport (MOT) tickets or any other tax on its behalf.
The revenue agency consequently cautioned members of the public against making payments to the company or any of its staff, stressing that anyone who ignored the warning would do so at their own risk.
It reaffirmed that only the legally authorised agency responsible for tax collection in Rivers State and the appointed agents that would carry out such duties in accordance with the law.
The Service urged taxpayers to demand official identification from anyone claiming to be its tax agent and verify the person’s credentials directly with RIRS before making payments.
It further warned that individuals or groups found impersonating tax consultants, agents or their representatives to collect Unauthorised taxes would be arrested and prosecuted in accordance with the law.
RIRS also called on members of the public to report suspicious persons and activities relating to Unauthorised tax collection to the Service for appropriate action.
The agency advised taxpayers seeking clarification or assistance to visit any of its offices or contact it through its official email address, info@riversbirs.gov.ng.
The Service reiterated its commitment to protecting taxpayers, promoting voluntary compliance and safeguarding the integrity of tax administration in Rivers State.
By: King Onunwor
Continue Reading

Business

Bayelsa consumers Groan  Over Inflation As Traders Remain Helpless Over Low Patronage 

Published

on

Consumers and traders at the Swali ultramodern market in Yenagoa, capital of Bayelsa State have continued to groan over high prices of commodities and poor Patronage due to cost-push inflation.
The Tide reports that in the past weeks prices of goods and services in Yenagoa metropolis has experienced increase.
Notable services like transportation have also increased  lately due to increase in the pump price of fuel that has recently further exacerbated inflation in the prices of staple foods like rice, beans, garri and others.
Speaking with The Tide on a market survey, a trader, Mrs Tovie Barakabo said a bag of bean which sold between N120,000-N130, 000 now goes for N140,000-N145,000.
Mrs Barakabo also hinted that the only commodities whose price has not gone up was price of millet which sells N60,000, while big bag of garri now sells for N30,000.
The Tide further gathered from other inside Source that 25 litres of Kings cooking oil currently sells N75,000 as against the former price of N57,000.
Other commodities such as delicious vegetable oil  now goes for N68,000, Pure vegetable oil currently goes for N66, 000, while spaghetti is now N18,800 per bag.
The market survey also discovered that Sonnia tomato mix sells N75,609, while a big and small basket of fresh tomatoes are sold for N30,000 and N6,500 respectively.
A disappointed custom, Mrs Juliet Domo who fielded questions from The Tide expressed her worries over the inflation, calling on government to take decisive stands against inflation.
By: Ariwera Ibibo-Howells, Yenagoa
Continue Reading

Trending