Broadcasting
LCCI Launches e-Commerce Portal to Support Private Enterprises
The Lagos Chamber of Commerce and Industry (LCCI) has launched its e-commerce sectoral group to support the development of private enterprises in various sectors of the economy by exposing their products to larger market base.
President, LCCI, Mrs Toki Mabogunje stated this at the virtual e-commerce inaugural ceremony. According to her, the group would boost investors’ confidence in the Chamber’s advocacy activities aimed at developing private enterprises.
Mabogunje, represented by deputy president, LCCI, Dr. Michael Olawale-Cole, said the e-commerce sector had witnessed significant growth in recent years on the backdrop of strong market fundamentals and renewed forces of globalisation.
She noted that the private sector was currently facilitated by emerging digital technology, supportive of content creation, distribution and consumption, and a growing middle class in Nigeria and most of sub-Saharan Africa.
The LCCI president, however, noted that in spite of the impressive growth, there existed huge untapped potentials in the sector.
“To unlock these inherent opportunities, critical issues such as weak digital infrastructure, intellectual property rights and high-cost conditions and regulatory constraints must be addressed.
“We acknowledge the appreciable efforts of the federal government to support the development of the sector. This was demonstrated by enactment of Cybercrime Bill 2015 as a legal framework for prohibiting and prevent fraud in electronic commerce,” she said.
She said, “The overarching goal of the law is to protect e-business transactions, company copyrights, domain names and other electronic signatures in relation to electronic transactions in Nigeria.
“Though the law has given some level of comfort to consumers, businesses and investors need to do more to ensure protection of transactions and contracts.
“The purpose of establishing this group is to give the investors in the sector a more prominent recognition in our evidenced-based advocacy to canvass for enabling environment for the e-commerce sector.”
Also, LCCI vice president, Mrs Mojisola Bakare, stated that the launching of the group was significant and timely against the backdrop of the lockdown and restrictions on physical congregation induced by COVID-19.
Broadcasting
Echefu Launches LUFT TV, another Pay TV after Failed TSTV Project
Bright Echefu, founder of Telecom Satellites Limited (TSTV), has announced the launch of LUFT TV, a new pay TV service, years after his initial venture, TSTV, left many subscribers in limbo.
Echefu stated during the unveiling in Abuja that the new pay TV will accommodate customers’ needs and guarantee to offer the best entertainment in Nigeria and throughout Africa.
He said its satellites are already present throughout West Africa, suggesting that LUTF TV is accessible to West Africans.
Echefu, on the other hand, spoke about TSTV, which has been off the radar since 2020, and said it is not dead.
He alluded to the impending onboarding of TSTV customers to LUFT TV.
“Some time ago, we had TSTV. TSTV will be returning. It’s not dead, no. I just want to announce that TSTV is not dead. And, very soon, TSTV subscribers will be able to access LUTF TV. So we haven’t lost anything,” he explained.
He promised that the new Pay TV is dedicated to promoting local values and content while telling Nigeria’s tales, from gripping dramas and memorable music to exhilarating sporting events, among other things.
He claims that LUTF Pay TV is a movement that aims to unite people, inspire them, amuse them, and provide TV that speaks to their individuality rather than just a service.
Engineer Abdullahi A. Sule, governor of Nasarawa State, praised Echefu as “a focused individual with a great mind” during his remarks at the event.
He said his knowledge of Pay TV was comparable to that of Globacom and MTN in Nigeria.
Many Nigerians were encouraged by TSTV’s alluring offers when it joined the market on October 1, 2017, according to thenews-chronicle.com.
It was hailed as the nation’s first and only entirely Indigenous pay-TV provider. It was claimed that its choice to debut on the nation’s Independence Day was a proclamation of “freedom” in the pay-TV sector. However, following the launch, the company vanished.
On October 1, 2020, it returned to provide Nigerians with the greatest Pay-TV experience. Nevertheless, users who purchased the company’s decoders constantly complained about its sporadic service.
With no explanation to customers other than sporadic apologies for “technical glitches” during its active days, TSTV fully vanished from the public eye again in March last year and has stayed silent ever since.
The Economic and Financial Crimes Commission (EFCC) has filed a fraud complaint against TSTV, which is presently worth N380 million.
The EFCC is pursuing a civil loan case against Mr. Tanimu, MD of Kalsiyam Global and a former Minister of Special Duties and Inter-Governmental Affairs, according to Echefu, who refutes the accusation.
Broadcasting
Why your business needs unified data analytics for growth and success
By Kehinde Ogundare, Country Head, Zoho Nigeria
Most business leaders will agree that data analytics is a strategic necessity today. Without access to comprehensive data and effective ways to interpret it, organisational decision-makers may find themselves relying solely on intuition while navigating unfamiliar roads in the dark. Gut-based decisions can occasionally lead to success, however, those wins are often more coincidental than a reflection of true strategic insight.
More than 90% of the businesses derive benefits from data analytics strategies
A robust data analytics solution enables businesses to transform raw data into organised, actionable insights across numerous functions. They can span CX—helping personalise interactions based on an analysis of individual preferences and behaviours, growth strategies—allowing teams to identify distinct customer segments basis emerging deal patterns, post-sales support—enabling quick response times by analysing ticket allocation systems and discerning gaps, and so on. It’s no surprise, then, that nearly 92% of organisations reported measurable value from their data and analytics investments in 2023.
Unfortunately, many organisations fail to derive full value from their data analytics strategies. One of the reasons for that is analytics systems not having a full view of what’s happening across the company owing to data silos.
Information silos can affect the quality of data insights
There are numerous reasons why an organisation can end up with fragmented or siloed data, but a key factor is the existence of different tech platforms across various departments. Use of disparate tools for different functions can lead to decentralised management of data. For instance, while the sales team might know how many units of a product a customer has purchased, they may have no visibility into how quickly the customer pays their invoices or how many interactions they’ve had with marketing and communication collateral before making a purchase.
There are other data issues that businesses face too. Among them is poor data quality. This can be caused by manual data collection practices that often yield inaccuracies, inconsistencies, and redundancies. Poor data quality forces businesses to spend a lot of time and resources on cleaning up, which further prolongs the analysis process. The best approach to solve these issues is to digitalise and unify data sources with the right tech platform that interconnects all departments.
The right software matters
Fortunately, with the right software, achieving a unified view of data becomes much simpler. Effective data analytics software will bring disparate data points together and make analysis easier. To do this effectively, the software should provide native integrations with a diverse array of data sources, including local files, feeds, databases, and business applications.
Beyond that kind of integration and unified view, what should organisations look for in business analytics software?
First, it should be accessible to all users—whether they are business users, data analysts, data engineers, or BI specialists—ensuring ease of use and value for everyone. The software should also offer pipeline builders, be compatible with other forms of software, support streaming analytics, deliver real-time insights, and provide unified metrics.
In addition,the software must evolve with a business’ changing data analytics needs. This means supporting features like generative AI analytics, predictive AI, and machine learning capabilities. The ability to trigger actions based on alerts and pipelines, connect to niche business apps, and integrate multiple BI and data analytics tools will further enhance its benefits.
Ultimately, the software should demonstrate clear value by reducing manual effort and streamlining processes, handling large datasets efficiently, and delivering cost and time savings.
The data’s there; now bring it together
Given the clear benefits that good data analytics software offers businesses, embracing it should be a no-brainer. Most organisations already sit on a treasure trove of data; it’s simply not being put to effective use. A unified data analytics software can change that by bringing together disparate data points and providing a consolidated view with actionable insights. Implemented correctly, those insights can supercharge a business’s growth trajectory.
Broadcasting
King Shipping Felicitates with Aluo, NNL Chairman as He Bags Sports Administrator of the Year Award
A leading shipping company in the country, King Shipping Trading Maritime Services Limited has congratulated the Mr. George Aluo, chairman of Nigerian National League ( NNL), on his nomination for the Sports Administrator of the Year Award by the Imo State Chapter of Sports Writers Association of Nigeria ( SWAN).
In a congratulatory message he personally signed, the Managing Director/ Chief Executive Officer of the company, Bob Chukwuma Hyacinth, the company described Aluo as a Sports administrator per excellence whose nomination for the award did not come as a surprise to anyone. ”
The award to Mr. George Aluo, is well deserved and did not come to us as a surprise considering the various transformation he has brought to the country’s second tier League within a short period of time of being n charge of the league. ”
As he receives this award, we urge him not to relent in his efforts at making the NNL a household league in the country but to see it as a call to more meritorious service to the country”, concludes the statement by the company whose operations covers Ship Chandelling, Ship handling and repairs, supply of Diesel, commodities , beverages , shipping logistics, clearing and forwarding. Meanwhile, the company has also congratulated the wife of the Managing Director Mrs.Loretta Bob-Chukwuma on her birthday.
In a congratulatory message, the CEO described her as his pillar of success and prayed that God Almighty will continue to clothe her with garment of blessing, and good health ” I also want to use this occasion to congratulate my wife who is a year older today.
She has been the pillar of my success and I pray that the Almighty God will continue to bless her, clothe her with garment of blessings and good health as well as give her long life and prosperity to celebrate many more years in good health.”
- Broadcasting1 day ago
Echefu Launches LUFT TV, another Pay TV after Failed TSTV Project
- News2 days ago
NITDA, CISCO, Partner on Digital Literacy Initiative in NSUK
- Telecom2 days ago
Dr. Aminu Maida Advocates for Smarter Data Usage at Telecoms Consumer Parliament
- Telecom2 days ago
Gwandu Urges African Countries to Unite for 600MHz Spectrum Allocations
- Telecom2 days ago
MTN Foundation Shines Bright at 8th Tech Innovation Awards with Multiple Wins
- E-Business1 day ago
Nigeria, Ghana Africa’s Digital Hubs Hardest Hit by Cyber Attacks – Report
- News1 day ago
Senate to Increase EFCC Budget to Fuel Anti-Corruption Drive
- News1 day ago
TETFund Puts Education Tax Revenue @N1.5trn in 2024