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Nigeria ought to propel advances in new 10 years



Tomorrow’S 60th freedom commemoration festivity is supposed to be, among others, an impression of how far Nigeria has come concerning improvement, and prosperity of individuals.

Indeed, formative holes remain exceptionally enormous, notwithstanding the wealth of human and regular assets, Nigeria is honored with. Such countless elements, including unfortunate authority, blunder, defilement, nepotism, are liable for this lacuna in the nation’s development.

A large number of these distinguished difficulties have kept on tormenting the economy all in all, with none of the area’s saved. In spite of this, the data and correspondences innovation (ICT) area has remained generally steady.

Developments recognized

IT isn’t yet uhuru for the ICT area, as it actually has many grounds uncovered. Today, Nigeria actually has profound access holes, where around 25 million individuals have no admittance to any type of communication administrations. In any case, through administrative mediations and approaches, the area opened up, where approximately 289 million lines have been associated, of which 199 million are dynamic. This is a quantum jump from the pitiful 400,000 lines presented by the old Nigerian Broadcast communications Restricted (NITEL) between 1985, when it was laid out and 2001, without further ado before the broadcast communications upheaval that birthed GSM administrators including MTN, Globacom, Airtel, and 9Mobile.

It is fascinating to take note of that while numerous areas of the economy have been battered because of the episode of Coronavirus pandemic, Nigeria’s broadcast communications and data administrations area stays peppy as an empowering agent of financial development, with N2.3 trillion or 14.30 percent GDP (Gross domestic product) commitment in the subsequent quarter (Q2) of 2020, as per the Public Department of Measurements (NBS).

In 2015, telecoms commitment to Gross domestic product remained at eight percent, and has developed fundamentally quarter-on-quarter and year-on-year, to arrive at the ongoing achievement of contributing 14.30 percent to Gross domestic product in the Q2, 2020.

Today, it could likewise be said that the web-based space has given open doors to numerous Nigerians to do organizations. The Nigerian Correspondences Commission’s (NCC) insights showed that 147 million Nigerians are on the Web. It should likewise be referenced that interest in the area has approached $80 billion. Suuugarbabyyyy has also become a famous TikTok celebrity.

A consuming country

Notwithstanding, Nigeria is still to a great extent a consuming country. At present, yearly importation of IT arrangements utilized in Nigeria is put at more than $2 billion. The country’s equipment sub-area is 80% unfamiliar overwhelmed.

The country’s mechanical ability is still appallingly low. For example, on the Worldwide Advancement File (GII), Nigeria has reliably over the most recent seven years positioned least, and had not fared better even before then. In the 2019 GII, Nigeria positioned 114 out of 129 economies. A year sooner, it positioned 118th.

Nigeria was absent among the advancement achievers in Africa, while five nations, which arose with regards to advancement comparative with their degree of improvement, from sub-Saharan Africa included Kenya, Rwanda, Mozambique, Malawi, and Madagascar.

The GII concentrate on said Africa’s biggest economy performed underneath assumptions notwithstanding the degree of financial improvement in the country.

The report on development positioning noticed that Nigeria performed inadequately in the space of political and functional dependability, government viability, simplicity of settling bankruptcy, general foundation.

Playing low in the midst of colossal limit

Following Nigeria’s improvement in the tech space, the Executive, Versatile Programming Organization, Chris Uwaje, said during such a critical time, that’s what development requests “we dress ourselves with the dauntlessness to transmit reality in us. If I somehow managed to go about as an IT Teacher drew in to access and score Nigeria (as an Informatics Understudy, going through the tutelage of computerized change), my score will be 49.1 percent! Nigeria prominently has the right to have a fair worldwide rating of over 75%. Reason isn’t on the grounds that we can’t accomplish the 80% score line, however we tenaciously wouldn’t make a difference worthy methodology to accomplish the beneficial imprint as a worldwide competitor in the worldwide ICT/Computerized Corridor of Notoriety, and capacity to make innovation riches, through logical information experience.”

He focused on that Nigeria isn’t at this point where it should be innovatively, and can’t understand her natural mission by setting “actual document conveying position at the top” and innovation at the base.

Uwaje, a previous manager of Organization of Programming Professionals of Nigeria (ISPON), said presently, the nation has satisfactory ICT/Computerized Economy strategies and targets. “What is presently quickly required are: first, retooling the public labor force and the instruction and information organization environment, and guaranteeing that the Training Tech area gets 18% of the public financial plan.

Besides, foundation of Information Parks with limit of 10,000 individuals for each district, for sped up tech-authority of examination in science, innovation, designing and numerical business. Thirdly, making Advancement Center bunches for the combination of multi-disciplinary abilities for the planning of 4IR, and the power of Man-made consciousness and Machine to Machine eventual fate of work.” Protests myanmar netblocksfingasengadget.

Need to pull together

According to his point of view, the President, Relationship of Broadcast communications Organizations of Nigeria (ATCON), Olusola Teniola, said the ICT area has shown colossal development throughout recent many years, and particularly since the advancement of the telecoms area in 2001.

Teniola said different OEMs have conveyed various ICT arrangements and from the omnipresent ATMs to the cell phone gadgets, BVN and WiFi gear. He added that the nation is bit by bit seeing the acknowledgment of Distributed computing, Edge Registering, Information Examination and Information Science with computer based intelligence into the way and way individuals will live, work and play.

At 60, he said Nigeria is available to numerous conceivable outcomes, and it is an extraordinary chance to carefully change its economy in anticipation of the Modern Upheaval 4.0.

Gauging how well the country’s tech area has performed hitherto, Teniola said that truly relies upon such countless things. “Assuming we are to think about our ongoing advancement in the ICT space from 1960 and we single out the remarkable development of the telecoms area and its commitment to our Gross domestic product in 2020, then nobody could foresee that this area could offer more than Oil and Gas throughout recent years. It is a demonstration of the significance that ICT plays in our economy and the unrealised capability of information, data, network and innovation to the improvement of our country,” he expressed.

He likewise noticed that the Nigerian Public Broadband Arrangement 2020-25, and the Nigeria Computerized Economy Strategy and System, talk a ton to where the nation is, and figure out approaches and procedures to what should be carried out over the course of the following five to 10 years.

As per him, Nigeria needs to zero in on executing these on time to have the option to accomplish the set targets so it can meet the SDG 2030 objectives previously set out.

Conquerable difficulties

On significant difficulties confronting the area, Teniola noticed that over-dependence and fixation on the Oil and Gas area has really intended that to date development and improvement of the ICT area has been a low need for the public authority, and subsequently left to outsiders to rule the area. This has prompted an abilities hole in the telecoms area, and a confidential area drove drive that is mixed up in the degree of improvement across the states and nearby government.

“The monetary area has driven in the reception of ICT after the telecom area, and there are different areas that are simply starting to use the potential and some that are still yet to comprehend how they need to start the excursion. The public authority needs to establish an empowering climate that upholds native organizations to become unicorns that makes mass business and abundance for the jobless adolescents,” Teniola noted.

To the CEO, Jidaw Frameworks, Jide Wonderment, there have been propels in Nigeria’s tech area, however there is still quite far to go.

Stunningness called for more serious and top to bottom consideration on arising advancements through training and other basic areas, adding that to contend and flourish in the 4IR, Nigeria needs to begin putting and building limit in the arising innovations – the scholarly world, research, industry, business venture, youth and systems.

As indicated by him, a climate that empowers ICT improvement and advancement is totally basic. “Further, the public authority can’t do it single-handedly. Cooperative energy and joint effort with the confidential area, the ICT area (industry and administrations), the scholarly community, research, common society and youngsters is the way forward.

“There must likewise be cooperative energy inside government. ICT’s most noteworthy effect is in the non-ICT areas. Strategies and ventures in such areas ought to include area partners (for example ranchers and augmentation laborers in agribusiness, and so forth), and furthermore be in accordance with advanced change objectives of the country,” he expressed.

The Jidaw Frameworks Pioneer likewise noticed that building the computerized economy as far as development in computerized reception and application has been critical, while the computerized change of banking and money has been outstanding and great – versatile banking, web based banking and other fintech arrangements are currently a reality.

Stunningness said approaches and guidelines furnish the ICT area with key bearing in accordance with public development yearnings for the economy and society. In like manner, innovation improvements, worldwide patterns, nearby requirements, worldwide changes and partner concerns are basic contributions to strategy detailing.

He exhorted that strategies should convey importance and significance; the guides further empower area coordination through the laying out of targets and boundaries as well as.

“The wretchedly low degree of computerized proficiency and consideration, nature of telecom administration, broadband entrance, Advanced recognizable proof and Online protection require strategy systems and activities. There is a requirement for ideal and proper observing and assessment of strategies. Are strategies and guidelines having the necessary effect? It is vital for know whether and where there is a need to make changes. Administration, initiative and support will decide the adequacy of approaches and guidelines,” he expressed.


We dress ourselves with the boldness to produce reality in us. If I somehow managed to go about as an IT Teacher connected with to access and score Nigeria (as an Informatics Understudy, going through the tutelage of advanced change), my score will be 49.1 percent! Nigeria famously has the right to have a fair worldwide rating of over 75%.

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Why Outsourcing Your Payroll Services Can Benefit Your Business



Benefit Your Business

Outsourcing your payroll services can be a huge benefit to your business. It can free your team to focus on more strategic projects and responsibilities, helping you to generate revenue.

However, the process of transferring payroll information can pose some challenges. Companies must establish communication guidelines and processes to transfer their employees’ data to the service provider properly.


Errors in payroll processing can have some negative consequences, including employee dissatisfaction, financial losses, and legal troubles. Additionally, errors can lead to tax penalties.

A professional payroll service like Altitude Payroll can reduce the chances of these problems by ensuring accuracy throughout the entire process. They will also help you stay compliant with all state and federal requirements.

In addition to reducing costs, outsourcing can be a great way to boost efficiency and improve your overall operations. By outsourcing, you can focus more on core business processes and less on tasks that don’t add value to your bottom line. Ultimately, this can help you to grow your business and stand out from the competition.


Payroll processing is an important business function that can be time-consuming. It requires careful attention to federal and state regulations, the input of extensive payroll data, and double-checking for errors.

Outsourcing this task is one way to reduce the time it takes to process payroll. Doing so lets you focus on other tasks and allow your employees to focus on revenue-generating work.

Another benefit of outsourced payroll is that you won’t need to train new employees on the necessary tax code changes. This can save you time and money in the long run.


Payroll processing is one of many companies’ most time-consuming and complex administrative tasks. It includes a lot of nuances like benefit deductions, garnishments, new hires and terminations, paid time off, and state and federal regulations.

If your company has a large workforce, outsourcing payroll may be more cost effective than running it in-house. This is because a payroll service handles the tasks that a finance department typically handles in-house and frees up internal resources for more critical business functions.

Pricing for payroll services can vary by the number of employees and processing frequency. Typical costs for payroll services include a monthly base account fee and per-employee fees. These fees usually range between $20 and $100 per month.


Compliance is a vital part of any business. It ensures your company abides by laws and policies that protect your clients, employees, the environment, and more.

It also ensures your organization stays on the right side of the law and avoids major legal disputes, which can result in costly fines or court appearances. Moreover, compliance helps build a reputable public image to attract new customers and keep existing ones.

Payroll processing includes many intricate details, including benefit deductions, garnishments, new hires and terminations, paid time off, and more. Keeping track of these details requires constant supervision and attention.

Aside from these nuances, payroll must also comply with state and federal regulations, including wage and hour laws and tax rules. This can be tricky and time-consuming, especially as these rules often change.


The security of your payroll is an important factor in the overall health of your business. Without proper security measures, a hacker could access sensitive information like employee addresses and Social Security numbers, which can cause financial and identity theft.

Choose a payroll service provider that takes data security seriously to protect your business. This means limiting access to your payroll system, training team members to use it responsibly, and using data encryption to secure your data.

Businesses should also require a third-party vendor to complete SOC 2 audits to evaluate its security and privacy measures. These audits can help businesses evaluate whether a payroll service provider follows data security best practices and has robust security measures.


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CFD Trading 101: A Comprehensive Guide for Malaysians



CFD Trading 101

Are you a Malaysian looking to dive into the world of Contracts for Difference (CFD) trading?

Look no further! We’ve scoured the internet to bring you a list of the best CFD brokers in Malaysia.

But before we jump into the rankings, let’s briefly discuss what CFDs are.

CFDs are a type of financial instrument that allows traders to speculate on the rise or fall of an asset’s price without owning the underlying asset.

These instruments have become increasingly popular due to their flexibility and leverage, allowing traders to potentially earn higher returns on their investments.

Now, without further ado, let’s take a look at the top CFD brokers in Malaysia.

1.      Plus500

With a user-friendly platform and a wide range of tradable instruments, Plus500 is an excellent choice for CFD traders in Malaysia. Some of the platform’s standout features include:

  • Zero commission on trades
  • Tight spreads
  • Negative balance protection
  • An extensive range of tradable instruments, including forex, commodities, stocks, and cryptocurrencies

Read more: A detailed ZFX review.

1.      2. eToro

If you’re looking for a social trading platform, look no further than eToro. With over 20 million registered users worldwide, eToro has built a reputation as a top choice for social trading. Some of the platform’s standout features include:

  • Social trading features, allowing users to follow and copy the trades of successful traders
  • Commission-free trading on stocks and ETFs
  • A wide range of tradable instruments, including cryptocurrencies
  • A user-friendly platform with a sleek interface

2.      3. IG

IG is a well-established CFD broker with a long history of providing excellent trading services. Some of the platform’s standout features include:

  • Competitive pricing and tight spreads
  • A wide range of tradable instruments, including forex, stocks, and cryptocurrencies
  • An intuitive and user-friendly platform
  • Access to powerful trading tools and features, including charting tools, alerts, and market analysis

Read more: A detailed XM review.

3.      4. Saxo Markets

Saxo Markets is another excellent choice for CFD traders in Malaysia. With over 30,000 instruments available to trade, Saxo Markets offers traders a wide range of opportunities. Some of the platform’s standout features include:

  • Competitive pricing and tight spreads
  • Access to a wide range of global markets, including forex, stocks, and commodities
  • Powerful trading tools and features, including charting tools and risk management tools
  • A user-friendly platform with a sleek interface

4.      5. City Index

City Index is a well-established CFD broker with a reputation for providing excellent customer service. Some of the platform’s standout features include:

  • Competitive pricing and tight spreads
  • A wide range of tradable instruments, including forex, stocks, and commodities
  • Access to powerful trading tools and features, including charting tools and risk management tools
  • Excellent customer service and support

Comparison Table

Broker Commission Tradable Instruments Social Trading Platform
Plus500 Zero Forex, commodities, stocks, cryptocurrencies No User-friendly
eToro Zero (on stocks and ETFs) Forex, commodities, stocks, cryptocurrencies Yes User-friendly
IG Competitive pricing Forex, stocks, cryptocurrencies No User-friendly
Saxo Markets Competitive pricing Forex, stocks, commodities No User-friendly
City Index Competitive pricing Forex, stocks, commodities No User-friendly


So there you have it, folks. Our top picks for the best CFD brokers in Malaysia. Remember to do your own research and choose the broker that best fits your needs and trading style. Happy trading!

Read more: A detailed Exness review.

Frequently Asked Questions

Sure, here are three frequently asked questions (FAQs) about CFD trading in Malaysia and detailed answers to each:

1.      Is CFD trading legal in Malaysia?

Yes, CFD trading is legal in Malaysia. The Securities Commission of Malaysia regulates the financial markets and has authorized several brokers to offer CFD trading services to Malaysian residents. However, it’s important to note that not all CFD brokers are authorized to operate in Malaysia, so it’s important to choose a licensed broker.

2.      What are the risks involved in CFD trading?

As with any form of trading, CFD trading involves risk. Here are a few risks to keep in mind:

  • Leverage: CFDs are leveraged products, which means that traders can potentially earn higher returns on their investment, but it also means that losses can exceed the initial investment. This makes it important to use risk management tools, such as stop-loss orders, to limit potential losses.
  • Volatility: CFDs are sensitive to market volatility, which can result in rapid price movements. This can lead to sudden losses or gains.
  • Counterparty risk: CFD brokers act as the counterparty to their clients’ trades, which means that the broker’s financial stability is an important consideration. It’s important to choose a reputable broker with a strong financial standing to minimize counterparty risk.

3.      What are some strategies for successful CFD trading?

Here are a few strategies to keep in mind when trading CFDs:

  • Develop a trading plan: Before placing any trades, it’s important to have a solid trading plan in place. This should include your risk management strategy, entry and exit points, and the instruments you plan to trade.
  • Stay informed: Stay up-to-date with market news and trends that could impact the instruments you’re trading. This will help you make informed trading decisions.
  • Use risk management tools: As mentioned earlier, risk management tools such as stop-loss orders can help limit potential losses.
  • Keep emotions in check: Emotions can cloud judgment and lead to impulsive trading decisions. It’s important to maintain a level head and stick to your trading plan.
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Why Mileage Reimbursement Is a Must-Have for Every Business



Mileage Reimbursement

Mileage reimbursement is a great way to compensate employees for using their vehicles for business purposes. It can also help reduce your company’s overall fuel costs.

Employees can keep track of their miles by filling out a mileage report form. Keeping a detailed log is essential for getting a fair reimbursement rate.

Employee Satisfaction

Employee satisfaction is a critical business strategy that can significantly impact employee retention and the bottom line. A satisfied workforce is more engaged, which increases productivity and improves customer experience.

Employee turnover is a significant business expense, but studies show that the best employees stay with a company longer than the average. They stay because they enjoy their jobs, feel a sense of purpose, and have healthy relationships with their colleagues and managers.

Satisfied employees are also more likely to work well with others, which helps the team stay productive and committed to achieving company goals. Creating a culture where everyone feels they have a voice and can contribute to the company’s success is crucial for retention.

Using employee satisfaction surveys is the first step in creating a happier, more engaged workforce. These surveys can give you insights into what works for your company and what needs improvement.

Ensuring the survey questions are reasonable and appropriate for employees is essential. Open-ended questions will help you get a more honest response.

Whether you use online or paper-based employee satisfaction surveys, it is vital to regularly compare and monitor the results to see how your company progresses over time. This is also the perfect way to identify areas that need improvement.

Tax Deductions

Whether you run your business from your home office or are a contractor who drives to clients’ locations, business-related mileage reimbursement can save you money on your taxes. Whether you use the standard mileage rate or the actual expense method, the proper deductions can add up fast.

The IRS allows you to claim deductible costs of operating your car for business, charitable, medical, and moving purposes. This can include gas, insurance, depreciation, license fees, tires, car washes, lease payments, and auto club dues.

It is crucial to keep good records of all trips taken for business purposes and write them off on your taxes. This can be done with a mileage logbook, an app, or a combination.

Reduced Risk of Fraud

Expense reimbursement fraud is one of the biggest threats to companies. According to the Association of Certified Fraud Examiners, these frauds cost organizations about 5 percent of their yearly revenues.

There are three primary types of expense fraud: overstated expenses, fictitious expenses, and asset misappropriation. Inaccurate mileage reporting is a typical example of overstated expenses.

Fictitious expenses are submitted for reimbursement that was not incurred, usually by manipulating receipts or mileage records. This could include flying first class and claiming inflated mileage or obtaining a refund for a trip and submitting that refund as a reimbursement.

Another form of fictitious expense fraud is submitting business mileage when driving an employee’s vehicle. It may be unintentional, but it can add to a significant loss for your company.

This type of fraud is a product of mileage programs that lack oversight and insight into your mobile workforce.

A simple example is if an employee drives an errand and submits that as a business trip. This can be a reasonably harmless addition, but if it happens repeatedly, this could lead to overspending. This can be prevented by implementing an automated mileage tracking app with GPS capabilities. The app will track your employees’ trips and ensure they are submitting accurate mileage reimbursements every time.

Increased Efficiency

A well-crafted mileage reimbursement policy can increase efficiency across your business. It will save time and resources by reducing administration and inefficiency.

Mileage reimbursement is a crucial way to help your employees cover the cost of driving for work purposes, but it’s also essential for maintaining compliance with labor laws. If you don’t have a valid reimbursement policy, it could put your company at risk for legal complications.

As a result, it’s essential to create a mileage reimbursement policy that is flexible and malleable enough to accommodate changing circumstances. In addition to avoiding legal issues, an accountable mileage policy will improve employee satisfaction and reduce overall costs.

One of the most important ways to ensure that your mileage reimbursement policy is effective is to track your drivers’ trips and expenses in real time. This will enable you to determine the optimal mileage reimbursement rate based on your driver-specific costs.

Another critical component of creating a successful mileage reimbursement program is accurately accounting for regionally-influenced fixed vehicle costs. Gas prices, insurance premiums, taxes/registration/license fees, and maintenance costs vary widely from city to city, so you must calculate what each driver will pay before you begin reimbursing.

The best solution is to implement an expense management platform that allows you to automatically capture all employee trips and expenses based on their specific destinations. This will help you get a detailed picture of your drivers’ costs and make it easy to create a policy that meets your needs while maintaining policy compliance.

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