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digitisation

FEC approves Digitisation of NSITF, Produce Inspection Service Bill 2022

The Federal Executive Council (FEC) has approved the digitisation of the services of the National Social Insurance Trust Fund (NSITF), to be known as e-NSITF. The Minister of Labour and Employment, Chris Ngige, made this known when he briefed State House correspondents at the end of the council’s meeting on Wednesday. The meeting was presided by President Muhammadu Buhari at the Council Chamber of the State House, Abuja. Mr Ngige said the decision to digitise the NSITF was in line with…

How Digitisation is Helping the MSME to Streamline their Operations?

Let’s know about the need for cybersecurity in MSME & how will digitalisation transform the MSME? Need for Cybersecurity in Micro Small and Medium Enterprises Bridge the cybersecurity shortcomings observed at EU and federal levels for small and micro companiesOffer creative training to deliver new skills and competencies to MSMEs’ entrepreneurs and staffallow young people to become “cybersecurity experts” and discover new jobs in MSMEs.The cybersecurity specialist profile is in high demand:…

Competitors or Collaborators: The Way Ahead for FinTech’s and Traditional Banks

Finance seeps into the very fabric of our daily lives — for individuals and businesses alike, so it only seems fitting that banking and financial services keep up with the times and imbibe technology into most, if not all processes. There is also the fact that India is the third largest FinTech ecosystem in the world. Following suit only after the US and China, the Indian FinTech market–valued at $31 billion (roughly Rs. 2,40,600 crore) in 2021– is poised for a quantum leap. In the next five years, FinTech is expected to…