#Nigerian Data Protection Commission

[touchaheartnews]

Fidelity Bank affirms commitment to data protection, strong corporate governance

Leading financial institution in Nigeria, Fidelity Bank Plc, has assured its customers of unwavering commitment to upholding the highest level of ethical standards in all dealings with customer data. The assurance comes amid allegations by the Nigerian Data Protection Agency (NDPA) against the bank relating to data breach. While reiterating its commitment to strong corporate governance,…

[f-acto]

How long does it take to get ISO 27001 certification in Nigeria?

ISO 27001 Certification in Nigeria current digital age, security of information is an essential issue for companies in Nigeria. With increasing threats such as cyber-attacks, data breaches, and regulatory requirements, businesses should be vigilant about protecting their data assets. ISO 27001 certification in Nigeria is an internationally recognized framework for organizations to develop, implement, keep, and continuously enhance an Information Security Management System (ISMS).

What is ISO 27001?

ISO/IEC 27001 is an international standard that was developed through twshe International Organization for Standardization (ISO) and the International Electrotechnical Commission (IEC). It outlines the specifications for a successful ISMS to help organizations control sensitive customer and company data.

Why ISO 27001 Certification is Important in Nigeria

Rising Cyber Security Threats: Nigeria has witnessed an increase in cybercrime that has affected banks, government agencies, and private businesses.

Conformity with Regulations Frameworks for regulating, like the Nigeria Data Protection Regulation (NDPR), conform to ISO 27001 principles.

enhanced trust Certification increases trust between stakeholders and clients by demonstrating a commitment toward information security.

International Recognition: Aids Nigerian businesses in expanding internationally by aligning them with international security standards.

We use risk management to efficiently identify and manage risks to IT and data systems.

Who Needs ISO 27001 Certification in Nigeria?

Financial institutions and banks

Software and IT development companies

Public sector units

Internet service and telecom providers

Healthcare professionals are handling patient information.

Institutions of higher learning that conduct research and collect student data

Retail and e-commerce businesses

Steps to Get ISO 27001 Certification in Nigeria

Gap Analysis Assess your security measures against ISO 27001 requirements.

Scope Definition Set the limits for the boundaries of your ISMS (e.g., department location, department, or the whole organization).

risk assessment Find out about the potential risks and vulnerabilities that could affect information.

Controls in the Implementation Use Annex A control measures (114 in total) to control identified threats.

Documentation Create procedures, policies, and ISMS documentation.

Internal Audit We conduct internal audits to verify compliance.

Assessment of Management Top management should review their ISMS performance.

Certification Audit An externally certified organization will undergo an audit and receive the certificate.

Every year, surveillance audits are conducted to verify the certification.

Benefits of ISO 27001 Certification in Nigeria

Secures intellectual property and sensitive information

Reduces financial losses resulting from data breaches

Ensures business continuity in the event of interruptions.

Meets regulatory and legal requirements

It increases customer satisfaction and enhances your business’s image.

Gives you an edge when it comes to tenders for international and local bids

Why choose Factocert for ISO 27001 Certification in Nigeria?

Factocert is a well-known consulting company that assists organizations in implementing the best practices at the highest level. These best practices are implemented throughout the organization with the assistance of a subject matter expert. It not only provides consulting or implementation of international standards, but it also involves offering third-party audit solutions and awarding global standard certification . For more information,

visit : ISO 27001 Certification in Nigeria

[pentalk360news]

Nigeria Probes Truecaller, TikTok Over Data Privacy Breaches — NDPC Boss

The Nigerian government has launched an investigation into popular global platforms Truecaller and TikTok over their handling of personal data belonging to Nigerian citizens, according to the head of the Nigeria Data Protection Commission (NDPC), Dr. Vincent Olatunji. Dr. Olatunji made the disclosure during a strategic meeting with the Coordinating Minister of Health and Social Welfare, Prof.…

[thecryptonewshub]

Nigeria Crypto Regulation: President Signs Law Classifying Cryptocurrencies as Securities

Nigeria Crypto Regulation Strengthens SEC Oversight and Enforces New Legal Framework Nigeria Crypto Regulation has taken a significant step forward as President Bola Ahmed Tinubu signed the Investments and Securities Act 2024 into law, officially classifying cryptocurrencies as securities. This move grants the Nigerian Securities and Exchange Commission (SEC) regulatory authority over digital assets, ensuring greater oversight and legal clarity in the rapidly growing crypto market. The newly enacted law replaces the previous ISA 2007 Act and significantly expands the SEC’s powers to oversee Nigeria’s capital markets, including cryptocurrency exchanges. The act also introduces stringent penalties against Ponzi schemes, which have been frequently linked to fraudulent crypto activities. Convicted offenders could face a minimum prison sentence of 10 years and fines ranging from N10 million (approximately $6,500) to N40 million (around $26,000), depending on the severity of the offense. Nigeria has emerged as a prominent hub for cryptocurrency adoption, with its tech-savvy population increasingly turning to digital assets to hedge against inflation and the declining value of the naira. Data from Chainalysis indicates that Nigeria received an estimated $59 billion in cryptocurrency value between July 2023 and June 2024, underscoring the country’s active participation in the crypto economy. Read More : BITGTIME, UXLINK, IP Rally as Binance Announces Round of “Vote to List” President Bola Tinubu, since taking office in 2023, has prioritized economic reforms aimed at boosting government revenue and reducing budget deficits. The introduction of Nigeria Crypto Regulation aligns with global trends, bringing the country’s regulatory framework in line with jurisdictions like the European Union, which has implemented the Markets in Crypto-Assets (MiCA) regulations to govern the digital asset space. The newly signed law represents a critical turning point for Nigeria’s cryptocurrency industry. While it provides legitimacy and safeguards for investors, some crypto enthusiasts worry that stringent regulations may stifle innovation and limit financial freedom. However, experts argue that clear legal guidelines will attract more institutional investors and foster a safer and more structured crypto market in the long run. In addition to regulating digital assets, the Investments and Securities Act 2024 also enhances Nigeria’s financial markets by introducing measures to improve transparency, accountability, and investor protection. Market participants, including exchanges and crypto service providers, are now required to comply with SEC guidelines, ensuring a more structured and reliable trading environment. As Nigeria navigates the evolving crypto landscape, the implementation of the Nigeria Crypto Regulation marks a new chapter in the country’s financial sector. With stronger oversight, increased investor confidence, and a crackdown on fraudulent activities, the future of cryptocurrencies in Nigeria appears to be entering a more structured and secure phase. Read the full article

[sophiejt1234]

Secrets to Fast-Tracking Your Crypto MLM Business

The fusion of cryptocurrency and multi-level marketing (MLM) is reshaping how businesses grow in the digital age. With the global crypto market projected to exceed $5 trillion by 2026, entrepreneurs are racing to capitalize on this booming industry. But launching a successful crypto MLM venture isn’t just about jumping on the trend—it’s about building a foundation that’s secure, scalable, and user-friendly. The secret? Leveraging the right Cryptocurrency MLM Software Development solutions to streamline operations, attract users, and stay ahead of competitors. Let’s break down how to fast-track your crypto MLM business without cutting corners.

1. Start with a Robust Crypto MLM Software Foundation

Your software is the backbone of your business. A poorly designed platform can lead to security risks, user frustration, and missed opportunities. Here’s how to get it right:

Prioritize smart contract integration: Automate payouts, rewards, and compliance using blockchain-based smart contracts. For example, a Dubai-based crypto MLM company reduced payment errors by 90% after switching to automated smart contracts.

Ensure multi-currency support: Users should easily transact in Bitcoin, Ethereum, or even stablecoins. Flexibility builds trust and widens your audience.

Focus on transparency: Public ledgers and real-time tracking of transactions prevent disputes and boost credibility.

2. Choose Scalable Development Solutions

A crypto MLM platform that can’t scale will crumble under pressure. Look for Cryptocurrency MLM Software Development solutions that grow with your business:

Cloud-based infrastructure: Handle sudden traffic spikes during promotions or market surges. A European crypto MLM startup scaled to 50,000 users in 6 months using cloud hosting.

Modular design: Add features like NFT rewards or DeFi staking without overhauling the entire system.

Cross-device compatibility: Over 60% of users access platforms via mobile. Ensure seamless performance on all devices.

3. Simplify the User Experience

Complex platforms drive users away. Your crypto MLM platform should be as easy to navigate as social media:

One-click registration: Reduce sign-up steps. A Malaysian project saw a 70% increase in sign-ups after simplifying their onboarding process.

Intuitive dashboard: Display earnings, referrals, and rewards in a clean, visual format.

24/7 support: Chatbots or live agents resolve issues instantly, keeping users engaged.

4. Automate to Save Time and Reduce Errors

Automation isn’t just efficient—it’s essential.

Auto-commission calculations: Instantly distribute rewards based on predefined rules.

AI-driven analytics: Predict user behavior or market trends. One U.S. firm increased retention by 35% using AI to personalize marketing.

Automated KYC checks: Speed up verification while staying compliant.

5. Security Is Non-Negotiable

A single breach can destroy trust. Protect your platform with:

End-to-end encryption: Safeguard user data and transactions.

Regular audits: Identify vulnerabilities before hackers do. In 2023, platforms with quarterly audits saw 80% fewer breaches.

Two-factor authentication (2FA): Add an extra layer of login security.

6. Build a Community, Not Just a Network

MLMs thrive on relationships. Use these strategies to foster loyalty:

Educational content: Host webinars or tutorials on crypto basics. A Nigerian platform grew its user base by 120% after launching a free “Crypto 101” course.

Social media engagement: Create groups on Telegram or Discord for real-time interaction.

Reward loyalty: Offer exclusive bonuses for long-term members or top performers.

7. Stay Agile in a Changing Market

The crypto world evolves fast. Adapt quickly by:

Monitoring trends: DeFi, NFTs, and regulatory changes can impact your strategy.

Soliciting feedback: Regularly survey users to improve features.

Partnering with experts: Collaborate with blockchain developers or legal advisors to navigate challenges.

Conclusion: Your Roadmap to Success

Fast-tracking a crypto MLM business isn’t about shortcuts—it’s about smart investments in the right Cryptocurrency MLM Software Development solutions. From scalable infrastructure to airtight security and community building, every detail matters. By prioritizing user experience, automation, and adaptability, you’ll create a platform that stands out in a crowded market. Remember, the goal isn’t just rapid growth—it’s sustainable success. Start building your foundation today, and watch your crypto MLM venture thrive tomorrow.

[aalawsng]

Compliance Expectations for an ICT Company in Nigeria

With continuous technological advancement, technology development companies are evolving, especially in the Nigerian tech scene. This article explains the registration and compliance expectations for an ICT company in Nigeria.

1. Registration Steps

To start a technology development company in Nigeria, the company must register with the Corporate Affairs Commission (CAC). The CAC regulates company incorporation, operation, and dissolution under CAMA 2020.

Key Registration Requirements:

Companies must file annual returns and audited accounts annually, demonstrating continued operation and updating CAC records.

A new company must hold its first Annual General Meeting (AGM) within 18 months of incorporation and subsequently every year. Failure to comply can result in penalties and removal from the CAC database.

Available business formats include limited liability company (LTD), partnership, or sole proprietorship. The right structure depends on various factors, including size, tax consequences, and liability protection.

In addition to CAC registration, an ICT company must also register with the following:

Federal Inland Revenue Service (FIRS): Register for a Tax Identification Number (TIN) and Value Added Tax (VAT). The TIN allows the company to file tax returns via TaxProMax, the FIRS electronic tax platform.

National Information Technology Development Agency (NITDA): ICT companies must register with NITDA, which governs Nigeria’s IT ecosystem. Key requirements include adopting a .ng domain name and having a standardized service level agreement (SLA). NITDA also outlines specific fees and other compliance conditions.

Special Control Unit Against Money Laundering (SCUML): ICT companies handling financial transactions must register with SCUML to prevent financial crimes.

Bureau of Public Procurement (BPP): ICT companies intending to provide services to government entities must register with the BPP.

Computer Professional Council of Nigeria: At least one principal officer or a corporate representative must be registered with the Computer Professional Council of Nigeria.

2. Compliance Requirements

Intellectual Property Protection

The foundation of a company's technological development is its Intellectual Property (IP). Protecting IP through patents, trademarks, and copyrights is essential for maintaining a competitive advantage. The Nigerian Copyright Commission (NCC) oversees this registration process. Companies should establish guidelines for IP ownership and protection, educate staff about its value, and conduct routine audits.

Tax Registration and Compliance

Obtaining a Tax Identification Number (TIN) from the Federal Inland Revenue Service (FIRS) is essential. ICT companies must register within six months of establishment to remit Companies Income Tax (CIT) and VAT. The TIN is a unique identifier for all registered Nigerian taxpayers and must appear on all business invoices.

Key Tax Compliance Requirements:

Companies must use their TIN to file and pay corporate income tax.

Failure to register can hinder withholding tax from foreign partners and prevent filing tax returns or obtaining Tax Clearance Certificates (TCCs).

Engaging certified tax professionals can assist with navigating tax compliance.

Data Protection Regulation (NDPR)

To secure user data and privacy, ICT companies must comply with the Nigeria Data Protection Regulation (NDPR) and implement data protection policies to prevent breaches. The National Information Technology Development Agency (NITDA) governs the electronic data ecosystem and ensures NDPR compliance.

Key Data Protection Requirements:

Businesses must adopt robust cybersecurity measures.

Regular staff training on data governance is recommended.

Cybercrimes (Prohibition, Prevention, etc.) Act mandates that companies retain customer data for at least two years.

Technology Transfer (NOTAP Act 2004)

The National Office for Technology Acquisition and Promotion (NOTAP) ensures proper registration of agreements for transferring foreign technology. Failure to register or submitting false returns can result in personal liability for company officers.

Employee Relations

Tech firms must adhere to Nigerian labor laws, ensuring compliance with employment contracts, benefits, and workplace safety regulations as outlined in the Labour Act, 2004.

Anti-Money Laundering (AML) and Know Your Customer (KYC)

Companies handling financial transactions must adhere to AML and KYC regulations to prevent money laundering and ensure client identification.

Consumer Protection and FCCPC

ICT companies must comply with the Federal Competition and Consumer Protection Act (FCCPA) 2018, which established the Federal Competition and Consumer Protection Commission (FCCPC). The FCCPC enforces consumer protection and competition laws across all sectors, including ICT.

Key Points on Consumer Protection:

The FCCPA ensures fair trading practices and prohibits anti-competitive behavior, such as price-fixing and monopolies.

Companies must provide transparent and accurate information about their products and services, ensuring consumers’ rights to fair treatment and protection from exploitation.

Violations can lead to penalties, sanctions, or legal action.

References

Section 237 CAMA 2020

https://ncc.gov.ng/

https://www.oecd.org/

https://apps.firs.gov.ng/

Section 6 NOTAP Act 2004

Labour Law 2004

Written By

Aviel Avenante Law Practice

Compliance with regulations is key to sustainable growth. This guide covers all you need to know about the requirements for registration, taxation, data protection, and more for an ICT company!

[tjnewsnigeria]

One week after Nigeria’s Federal Competition and Consumer Protection Commission (FCCPC) fined WhatsApp $220 million for a data privacy violation, the commission's additional demands could lead to WhatsApp suspending operations in the country. At least four people familiar with the matter said Meta was considering "withdrawing certain services" in Nigeria. FCCPC also asked WhatsApp to stop sharing user data with other Facebook companies and third parties without explicit consent. The social media platform must also provide information about data collection and restore user control over data usage. "We want to be really clear that technically, based on the order, it would be impossible to provide WhatsApp in Nigeria or globally," a spokesperson for WhatsApp told TechCabal via email. "This order contains multiple inaccuracies and misrepresents how WhatsApp works. WhatsApp relies on limited data to run our service and keep users safe, and it would be impossible to provide WhatsApp in Nigeria or globally without Meta’s infrastructure. We are urgently appealing the order to avoid any impact on users," the statement added. Meta did not comment on the FCCPC’s claim that WhatsApp did not allow users to opt out of the 2021 policy. However, it insisted that its January 2021 Privacy Policy update does not include sharing user data. "While traditionally mobile carriers and operators store this information, we believe that keeping these records for two billion users would be both a privacy and security risk and we don’t do it," the privacy document reads. If WhatsApp ceases operations in Nigeria, it will have enormous consequences for individuals and small business owners. Many SMEs rely on WhatsApp, Instagram, and Facebook to reach their target customers. Three privacy lawyers questioned the FCCPC’s reference to the National Data Protection Regulation (NDPR) as a basis for the fine. Enacted in 2019 by the National Information Technology Development Agency (NITDA), NDPR is the primary data protection framework in Nigeria. Two lawyers who asked not to be named say the NDPR will not stand up to scrutiny in court and questioned if a government regulation could be authoritative in a matter as significant as privacy. While Meta is undoubtedly subject to regulatory oversight, the proportionality of the $220 million fine levied by the FCCPC is questionable, two government figures who asked not to be named said. "We are too revenue-focused. What is the opportunity cost of $220 million in government coffers?" asked an industry expert. If WhatsApp ceases operating in Nigeria over these demands, the FCCPC and the Nigerian government will have their answer.

[aktionfsa-blog-blog]

Nigerias Datenschützer gegen Meta

Meta soll Bußgeld von 220 Millionen $ zahlen

Reuters berichtet, dass nachdem die nigerianische Wettbewerbsbehörde festgestellt hatte, dass die gemeinsame Nutzung von Daten auf sozialen Plattformen gegen lokale Verbraucher-, Datenschutz- und Privatsphäregesetze verstößt, hat sie gegen den Meta Konzern eine Geldstrafe in Höhe von 220 Millionen Dollar verhängt.

Die Federal Competition and Consumer Protection Commission, FCCPC, die nigerianische Bundeskommission für Wettbewerb und Verbraucherschutz, beschuldigt Meta, sich die Daten nigerianischer Nutzer auf seinen Plattformen ohne deren Zustimmung angeeignet zu haben.

Besonders schwer wiegt dabei, dass Meta den Nutzern ausbeuterische Datenschutzrichtlinien aufgezwungen hat, welche die Nigerianer diskriminiert und ungleich behandelt, verglichen mit anderen Ländern mit ähnlichen Vorschriften.

Da sich die Untersuchungen der FCCPC insgesamt über 38 Monate hingezogen haben, kann auch nicht von einem "spontanen Fehler" ausgegangen werden. Es handele sich um "mehrfache und wiederholte sowie fortgesetzte Verstöße" sagte der Leiter der FCCPC, Adamu Abdullahi.

Mehr dazu bei https://www.reuters.com/technology/nigerias-consumer-watchdog-fines-meta-220-million-violating-local-consumer-data-2024-07-19/

Kategorie[21]: Unsere Themen in der Presse Short-Link dieser Seite: a-fsa.de/d/3BP Link zu dieser Seite: https://www.aktion-freiheitstattangst.org/de/articles/8848-20240723-nigerias-datenschuetzer-gegen-meta.html

[dozenhost]

BREAKING: Nigeria fines Facebook $220m for violating consumer, data laws

The Federal Competition and Consumer Protection Commission on Friday imposed a $220 million fine on Meta platforms for violating data privacy laws. The FCCPC said in a statement obtained by This Newspaper that Meta’s data-sharing practices on its Facebook and WhatsApp platforms breached local consumer and data protection regulations. The commission found that Meta had denied Nigerian users…

[f-acto]

How Long Does It Take to Get ISO 27001 Certified in Nigeria?

ISO 27001 certification in Nigeria digital age today, the security of sensitive data is more important than ever before. As cyber security threats increase, companies operating in Nigeria are increasingly relying on international standards to protect their information. One of the most widely-respected standards can be found in ISO 27001 Certification in Nigeria, which provides an effective system for Information Security Management Systems (ISMS). This blog post discusses the importance of the ISO 27001 certification in Nigeria and the benefits it offers, as well as the certification process and the way Factocert can help you with your journey to compliance.

What is ISO 27001?

ISO 27001 Certification in Nigeria is a standard for international use created by the International Organization for Standardization (ISO) in collaboration with the International Electrotechnical Commission (IEC). It defines the criteria to establish, implement and maintain, as well as continuously improving the IT security system (ISMS).

The primary goal of ISO 27001 Certification in Nigeria is to ensure the integrity, confidentiality and accessibility of data through the risk management procedure.

Why is ISO 27001 Certification Important in Nigeria?

Due to the rapid digitalization of industries in Nigeria, data hacks and breaches have become more frequent and threatening. From banks and telecom companies to government agencies and startups, All organizations are at risk. ISO 27001 Certification in Nigeria provides an effective method of managing the risk factors.

Key Drivers for ISO 27001 in Nigeria:

Security threats are increasing

Compliance with regulations and data protection (e.g., the NDPR)

Trust between stakeholder and customer

Resilience and business continuity

Access to the global market

Benefits of ISO 27001 Certification in Nigeria

The ISO 27001 certification can provide many benefits to Nigerian companies, such as:

Enhanced Information Security

It provides a well-organized and risk-based method of controlling sensitive information.

Regulatory Compliance

Aids in aligning with the Nigerian Data Protection Regulation (NDPR) and other international laws such as GDPR.

Competitive Advantage

Shows dedication to security, giving you an advantage in the international and local markets.

Reduced Risk of Data Breaches

Reduces the risk and the impact of security incidents through preventive measures.

Improved Business Continuity

Improves plan for recovery and incident management.

Who Needs ISO 27001 Certification?

ISO 27001 Certification in Nigeria is suitable for companies of all sizes and industries, which include:

Software and IT businesses

Financial institutions and banks

Healthcare providers

Government agencies

E-commerce companies

Institutions for education

Any company that handles sensitive data and operates in a tightly restricted environment could greatly benefit from certification.

Steps to Achieve ISO 27001 Certification in Nigeria

Here’s a simple guideline to becoming ISO 27001 Certification in Nigeria:

1. Gap Analysis

Review your current security procedures against ISO 27001 Certification in Nigeria requirements.

2. Planning and ISMS Development

Define the scope, create guidelines, Conduct risk assessments and create controls.

3. Implementation

Implement the ISMS Train staff and record processes.

4. Internal Audit

Conduct internal audits in order to discover the areas of improvement and gaps.

5. Management Review

The senior management reviews the ISMS and ensures that it is aligned with the business goals.

6. Certification Audit

A certified certification body will audit the system in two steps.

7. Certification

Upon successful audit completion, your organization will receive ISO 27001 Certification.

How Factocert Helps You Get ISO 27001 Certified

We are Factocert. We are a specialist in providing complete ISO 27001 consulting and certification services in Nigeria. Our highly experienced consultants work together with you to make sure that your company has that you have a smooth and cost-effective process for certification.

Our Services Include:

Gap Analysis

Risk Assessment & Treatment

ISMS Policy Development

Training & Awareness Programs

Internal Audit Support

Coordinating with accredited Certification bodies

No matter if you’re a tiny startup or a major enterprise, Factocert customizes the services it offers to suit your specific needs and the standards of the industry.

Why choose Factocert for ISO 27001 Certification in Nigeria?

Factocert is a well-known consulting company that assists organizations in implementing the best practices at the highest level. These best practices are implemented throughout the organization with the assistance of a subject matter expert. It not only provides consulting or implementation of international standards, but it also involves offering third-party audit solutions and awarding global standard certification .

For more information, visit ISO 27001 Certification in Nigeria

[crimechannels]

By • Olalekan Fagbade BREAKING;President Tinubu makes set of new appointments President Bola Tinubu has approved the appointment of chief executives in the agencies under the Federal Ministry of Communications, Innovation, and Digital Economy. This was contained in a statement issued by the Special Adviser to the President on Media and Publicity, Ajuri Ngelale, on Wednesday. The statement revealed that Aminu Maida was appointed as Executive Vice Chairman/Chief Executive Officer of the Nigerian Communications Commission Also, Nkechi Egerton-Idehen was made the Managing Director/Chief Executive Officer of the Nigerian Communications Satellite Limited (NIGCOMSAT), while Kashifu Inuwa Abdullahi was assigned as the Director-General/Chief Executive Officer of the National Information Technology Development Agency (NITDA). Others were Dr Vincent Olatunji was saddled with the office National Commissioner / CEO, Nigeria Data Protection Commission (NDPC) and Tola Odeyemi was made Postmaster General /Chief Executive Officer of the Nigerian Postal Service (NIPOST). The statement further read, “Furthermore, in line with President Bola Tinubu’s determination to maximally leverage on Nigeria’s proven technological and digital economic prowess to reposition the nation’s economy toward greater financial inclusion, the President has approved the appointment of a new Special Adviser to the President. “Special Adviser to the President on Technology and Digital Economy — Idris Alubankudi

[hardynwa]

Why we are introducing key regulatory instruments – NCC

The Nigerian Communications Commission, NCC, has commenced a new roadmap to strengthen quality service regulations in the industry. This is geared towards meeting up with the global changes in technology development. A 3-day public inquiry on six regulatory instruments and the draft presentation by the Commission began on Tuesday in Abuja. During the event, the Executive Vice-Chairman and Chief Executive Officer of the Commission, Prof. Umar Danbatta listed the regulatory instruments to include data protection regulations, draft guidelines on corporate governance and commercial satellite guidelines. The draft also covers commercial satellite guidelines, guidelines on corporate governance and quality of service regulations. According to the EVC, the sector was at the forefront of innovation and advancements in technology, adding that there is the need for review and introductions to the regulatory instruments. He said the exercise would afford seamless communication, foster connectivity and thereby create an enabling environment to thrive in an increasingly interconnected world. “With the laudable advancements in the sector comes great responsibility on the part of the government to ensure that there exists an enabling environment for the industry to thrive, through the introduction/amendment of key regulatory instruments,” he said. In her remarks, the Director, Legal and Regulatory Services, NCC, Helen Obi said the development of subsidiary legislations by the commission would address several significant amendments. Obi said that it would also bring introductions to the regulatory instruments being proposed to the industry as prescribed by Sections 70-72 of the Nigerian Communications Act, 2003. She said the plan was intended to ensure that the industry continues to evolve and thrive, in accordance with NCC’s commitment to uphold the highest standards of service. Obi added: “The first review is the amendment of the Quality of Service (QoS) Regulations, 2013. Quality of service is central to the quality of user experience. “It is vital that we maintain, and enhance the standards of service that our consumers receive.” She said that the proposed amendment to the QoS Regulations intends to introduce stricter performance standards, more robust monitoring mechanisms and more transparent reporting systems that would improve the overall customer experience. “More importantly, these changes will also drive operators to enhance their networks and services through efficient deployment and network optimisation processes. “Clearly, these expectations will ultimately foster a culture of continual improvement which is essential for the competitiveness and vitality of our industry,” Obi said. Read the full article

[sophiejt1234]

White-Label Cryptocurrency MLM Software Development Solutions: Myths vs. Reality

The digital economy is evolving rapidly, and the blend of cryptocurrency with multi-level marketing (MLM) creates exciting business opportunities. Startups and established companies are eager to launch crypto MLM platforms, but many hold back due to misunderstandings about white-label solutions. These pre-built, customizable platforms are surrounded by myths that often overshadow their benefits. Let’s debunk these myths and explore how white-label crypto MLM software can be a practical, cost-effective, and secure business choice.

What Is White-Label Cryptocurrency MLM Software?

White-label solutions are like ready-made templates that businesses can rebrand and customize. For crypto MLM, these platforms come with essential features such as commission tracking, wallet integrations, and user dashboards. Here’s why they’re becoming popular:

Affordable Entry: Skip the high costs of building software from scratch.

Quick Launch: Deploy your platform in weeks instead of months.

Adaptable Design: Modify features, themes, and workflows to suit your brand.

For example, a small e-commerce business in Southeast Asia used a white-label solution to create a crypto rewards program, attracting 10,000 users in just six months.

Myth 1: “Only Big Companies Can Afford White-Label Solutions”

Myth: Many assume white-label platforms are too pricey for startups. Reality: These solutions are designed to be budget-friendly.

Lower Initial Investment: Custom development can cost 

80k+,whilewhite−labeloptionsstartat

80k+,whilewhite−labeloptionsstartat10k–$20k.

Transparent Pricing: Reputable providers offer clear packages (e.g., 

15kforsetup+

15kforsetup+2k/month for support).

Case Study: A Nigerian fintech startup, CoinSphere, launched a crypto MLM platform for $14k and hit 8,000 users in four months.

Myth 2: “You Can’t Customize the Platform”

Myth: Critics say white-label software is “one-size-fits-all.” Reality: Modern solutions prioritize flexibility.

Branding Freedom: Add your logo, color schemes, and language preferences.

Feature Add-Ons: Integrate tools like AI-driven analytics or NFT marketplaces.

Example: A European crypto exchange customized its MLM platform to include Ethereum staking, increasing user retention by 35%.

Myth 3: “White-Label Software Isn’t Secure”

Myth: People fear pre-built platforms are easy targets for hackers. Reality: Security is a top priority for credible providers.

Advanced Protections: Features like biometric logins, end-to-end encryption, and multi-signature wallets.

Regular Audits: Many providers hire third-party firms to test for vulnerabilities.

Data Insight: A 2023 study showed that 78% of security breaches occurred in poorly coded custom platforms, not white-label systems.

Myth 4: “You Need a Tech Team to Manage It”

Myth: Entrepreneurs worry they’ll need coding skills to run the platform. Reality: User-friendly interfaces and support make management simple.

Dashboard Simplicity: Monitor transactions, commissions, and user growth in real-time.

Training & Support: Most providers offer tutorials and 24/7 assistance.

Success Story: A health coach in Australia launched a crypto MLM platform for her wellness community without prior tech experience.

Myth 5: “White-Label Platforms Can’t Scale”

Myth: Some believe these solutions can’t handle rapid growth. Reality: Scalability is built into the design.

Cloud Infrastructure: Automatically adjusts to handle traffic spikes.

Modular Upgrades: Easily add features like live chat or token swaps as your user base grows.

Example: A Dubai-based crypto MLM platform scaled from 1,000 to 50,000 users in a year without downtime.

Myth 6: “Regulatory Compliance Is Too Complicated”

Myth: Businesses fear legal risks with pre-built software. Reality: Many solutions include compliance tools.

KYC/AML Integration: Verify user identities and track transactions to meet regulations.

Geofencing: Restrict access in regions with strict crypto laws.

Case Study: A U.S. company avoided penalties by using a white-label platform with built-in compliance checks.

The Reality: Why White-Label Solutions Are a Smart Choice

The crypto MLM market is growing fast, with projections estimating a $12 billion valuation by 2027. White-label software helps businesses stay ahead:

Speed: Launch quickly to capitalize on trends.

Cost Control: Avoid unpredictable expenses of custom development.

Community Focus: Use built-in referral systems and social sharing to grow organically.

For instance, a Singaporean startup used gamified rewards in their white-label platform to double user engagement in three months.

How to Choose the Right White-Label Provider

Not all providers are equal. Keep these tips in mind:

Check Reviews: Look for providers with proven success in crypto MLM.

Test Security: Ask for audit reports or compliance certifications.

Evaluate Support: Ensure they offer training and troubleshooting.

A Canadian company avoided pitfalls by partnering with a provider that offered a 30-day trial and live demo.

Conclusion: The Future of Crypto MLM Is Accessible

White-label cryptocurrency MLM software isn’t a compromise—it’s a strategic advantage. By busting myths around cost, customization, security, and scalability, it’s clear these solutions empower businesses to innovate without heavy investments. Whether you’re a startup or an enterprise, white-label platforms offer a reliable way to enter the crypto MLM space, adapt to changes, and build a loyal community.

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[ericvanderburg]

Nigerian Communications Commission is seeking public comment on draft data protection regulations

http://securitytc.com/SrqjPf

[autotrackerng]

Enhancing Road Safety and Compliance: The Speed Limit Device in Nigeria

Introduction: In Nigeria, ensuring road safety and enforcing speed limits are critical challenges. Autotrackerng.com, a leading provider of innovative fleet management solutions, is at the forefront of promoting road safety with its Speed Limit Device. This cutting-edge technology plays a pivotal role in reducing accidents, improving compliance with speed regulations, and fostering a culture of responsible driving in Nigeria.

Promoting Safe and Responsible Driving: The Speed Limit Device offered by Autotrackerng.com helps mitigate the risks associated with overspeeding. By setting and enforcing predefined speed limits for vehicles, fleet managers can significantly reduce the occurrence of accidents caused by excessive speed. This promotes safe driving practices and protects both drivers and other road users from potential harm.

Ensuring Compliance with Regulations: In Nigeria, the Federal Road Safety Commission (FRSC) has mandated the use of Speed Limit Devices for commercial vehicles. Autotrackerng.com ensures compliance with these regulations by providing a comprehensive solution that seamlessly integrates with the existing fleet management systems. This not only helps businesses adhere to legal requirements but also contributes to overall road safety and reduces the burden on enforcement agencies.

Real-time Monitoring and Alerts: Autotrackerng.com's Speed Limit Device enables real-time monitoring of vehicle speed, empowering fleet managers to track and analyze driver behavior. The system generates instant alerts and notifications whenever a vehicle exceeds the set speed limit, allowing for prompt intervention and corrective action. This proactive approach promotes driver accountability and helps prevent potential accidents before they occur.

Data-driven Insights for Improved Efficiency: The Speed Limit Device captures valuable data on vehicle speed patterns, driver behavior, and compliance rates. Autotrackerng.com harnesses this data through powerful analytics tools, providing businesses with actionable insights to optimize fleet operations. By identifying speed-related inefficiencies, businesses can implement strategies to enhance fuel efficiency, reduce maintenance costs, and improve overall fleet performance.

Conclusion: Autotrackerng.com's Speed Limit Device is a game-changer for road safety and compliance in Nigeria. By promoting responsible driving, ensuring adherence to speed regulations, and leveraging data-driven insights, this innovative solution contributes to a safer and more efficient transportation ecosystem. With Autotrackerng.com leading the way, the Speed Limit Device is driving positive change, transforming fleet management practices, and making Nigerian roads safer for all.

[mariacallous]

As delegates, scientists, and climate activists gather this week in Sharm el-Sheikh, Egypt, for the 27th United Nations Climate Change Conference, or COP27, they have an opportunity to rethink the role of one of the most maligned yet underexploited sectors in climate action: livestock.

Animal farming is often reduced to a single issue—the methane emissions of cows, which contribute significantly to global warming. Yet while around a third of human-caused methane emissions do come from livestock, these estimates are skewed by data from industrialized countries. Consider, for example, the fact that the average American consumes around 128 kilograms of meat per year, while the average Nigerian eats just 7 kilograms.

Generalizations about animal agriculture hide great regional differences and often lead to diet guidelines promoting shifts away from animal products that are not feasible for the world’s poor. For instance, the highly publicized 2019 EAT-Lancet Commission report recommended a largely plant-based diet whose cost, based on retail prices from 2011, was estimated to exceed the total household per capita incomes of more than 1.5 billion people. The urgent food, nutrition, and economic needs of hundreds of millions of people in Africa and Asia should not be sacrificed to pay for methane that was largely emitted elsewhere.

As the outgoing director-general of the East Africa-based International Livestock Research Institute (ILRI), which works across the developing world, I have a very different perspective from many people in the industrialized West. When I think of livestock, I think about the over 1 billion people around the world who depend directly or indirectly on farm animals. I remember a schoolteacher I met on the outskirts of Ibadan, Nigeria, who used her earnings from the afternoon milking of her two cows to pay for her children’s school uniforms. I think, too, of a successful dairy farmer in Arusha, Tanzania, who was opening a small yogurt factory with his herd of 20 cattle, creating better prospects for him and his family.

Across Africa, and indeed much of the developing world, farm animals are much more than cellophane-wrapped meat or bottled milk. The farming of cows, goats, pigs, and poultry is essential to people’s livelihoods—and therefore purchasing power, which in turn determines household food security at a time of increasing global insecurity. In countries that face high levels of malnutrition and poverty, livestock provide families with food, jobs, income, draught power, and a sense of cultural identity.

These benefits are often overlooked and, over the past decade, have become sidelined by narrow perspectives shaped in the West. That is why it is so important that decision-makers at COP27 hear voices from developing countries, whose perspectives on livestock are informed by their lived experiences.

At COP27, world leaders should acknowledge that Africa in particular needs livestock to address both food insecurity and climate adaptation—and that investing in the sector’s sustainable growth will deliver benefits that are not undermined by its environmental impacts. Sustainable development is not a zero-sum game, and in recent decades, ILRI and other researchers have identified ways to maximize the benefits of livestock in Africa while minimizing environmental impacts, from reducing greenhouse gas emissions to improving grazing and rangeland management.

One notable development in global agriculture has been the Koronivia Joint Work on Agriculture, a landmark U.N. decision from 2017 that recognized the unique potential of agriculture in tackling climate change. But Koronivia discussions have been ongoing for the past five years, and Africa needs to start seeing results from these talks in the form of more dedicated institutional finance for agriculture, including livestock, and greater inclusion of agriculture in COP negotiations and agendas.

A nuanced approach to livestock was endorsed in the latest mitigation report of the U.N. Intergovernmental Panel on Climate Change (IPCC), released in April. While the report acknowledged the potential benefits to shifting to more plant-based diets in wealthy countries, it also called for more investment in the developing world’s livestock sector, which, it stated, has “the highest emissions reduction potential.” One reason for this potential is that there is great room for improvement in the efficiency of livestock production systems across developing countries.

The IPCC highlighted three areas where greater international investment, research, and innovation would significantly reduce emissions associated with livestock production. This scientific evidence should underpin discussions at COP27 around climate finance and action in Africa and jump-start new investments from governments, foundations, and the international community into sustainable livestock practices and solutions.

One major area for improvement, as the report detailed, is the quality and availability of livestock feed. Rather than soy or other commercial grains, livestock in Africa subsist almost entirely on grass and crop wastes. This means animal products do not come at the added cost of land that could be used to produce food for people, but it also means that animals are more vulnerable to, for instance, extreme conditions due to climate change that reduce the amount of fodder available. Research by ILRI has shown that one way to reduce the greenhouse gases emitted per livestock product is to ensure farmers and herders can access and afford enough quality feed for their animals.

Another significant opportunity to support sustainable agriculture is through animal health products and services. African countries suffer a disproportionate burden of livestock diseases, which result in the loss of around 1 in 5 animals. When a food-producing animal is lost to disease, the emissions associated with raising it are not converted into food, fertilizer, fiber, or income. More animals—and thus more food, land, and water—are needed to achieve the same output.

Finally, advances in genetics offer the promise of climate-resilient breeds that can remain productive under increasingly harsh conditions. Scientists are investigating the genetic characteristics of sheep and goats that have adapted to Ethiopia’s hot and dry regions to breed livestock that can thrive in more extreme temperatures, reducing emissions while enabling farmers to adapt to climate change. If the international community invests in more research and breeding, Africa will likely need fewer animals to meet its growing demands for meat, dairy, and eggs.

Like every continent, Africa must strive to achieve net-zero greenhouse gas emissions. But African countries must also reduce malnutrition, create decent livelihoods for their people, and promote environmental stewardship. The continent has the opportunity through livestock to achieve all this.

Improving livestock productivity in Africa goes hand in hand with reducing agricultural emissions and protecting food security from the impacts of climate change. As the delegates and activists gather in Egypt, they must remember that both outcomes are vital for humanity’s long-term well-being. Villainizing livestock will achieve neither.