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Information & Communications Technology

Information-Communications-Technology

Information & Communications Technology (ICT) consists of all technical means used in handling information and aiding communication. This sector consists of Information Technology (IT) as well as telephony, and stresses the role of unified communications and the integration of telecommunications, intelligent management systems, and audio-visual systems in modern information technology. ICT covers four main areas, including (1) technology software and services--including developers of software in various fields such as the Internet, applications, systems, databases, home entertainment, as well as companies that provide IT consulting and services, and data processing and outsourced services; (2) technology hardware and equipment--including manufacturers and distributors of communications equipment, computers and peripherals, and electronic equipment and related instruments; (3) semiconductors and semiconductor equipment manufacturers; and (4) telecommunications carriers, equipment manufacturers and service providers. ICT comprises any communications device for radio, television, cellular phones, satellite systems, etc., as well as various services and applications associated with them. Electronic office equipment includes copiers, data storage devices and other products such as mailing/letter-handling machines, and peripheral computer devices such as networking and Point-of-Sale (POS) equipment. Companies such as Internet Cafes which are primarily engaged in offering limited Internet connectivity in combination with other services such as facsimile services, training, rental of on-site personal computers and game rooms are also included in this sector.

Recent Posts in Information & Communications Technology

PenCom releases N86.7bn to over 275,000 sacked workers

2018-09-18 11:19 AM | by Nigeria Compliancehub

The National Pension Commission said it had released N86.7 billion to sacked workers of various companies who participated in the Contributory Pension Scheme. Acting Director-General, PenCom, Mrs Aisha Dahir-Umar, who disclosed this on Monday in Lagos, said the amount was for the settlement of 275,172 disengaged… Read more

Automation of the withholding tax system

2018-09-06 1:48 PM | by Nigeria Compliancehub

Federal Inland Revenue Service (FIRS) in its bid to extend the Integrated Tax Administration System (ITAS) initiative to all of its processes, recently indicated its intention to fully automate the withholding tax (WHT) system in Nigeria. Pursuant to this initiative, FIRS has started inviting taxpayers for reconciliation of unutilized WHT… Read more

NAICOM lifts ban on new licence issuance

2018-09-05 2:05 PM | by Nigeria Compliancehub

After eight years of suspending the issuance of new operating licences to investors to start new life, non-life and composite insurance companies in Nigeria, the National Insurance Commission on Tuesday lifted the ban.

It however restricted the new licence issuance to investors interested in Tier 1 insurance… Read more

FG asks MTN to pay $2bn tax arrears

2018-09-05 12:45 PM | by Nigeria Compliancehub

The Federal Government has asked MTN Nigeria to pay taxes of $2bn (N700bn), six days after the Central Bank of Nigeria ordered it to repatriate $8.13 billion ‘illegally taken out of the country’. The telecom company said in a brief statement that the Attorney General’s office gave “notice of an… Read more

e-Dividend Registration To Continue – SEC

2018-01-04 11:59 AM | by Nigeria Compliancehub

The Securities and Exchange Commission (SEC) has announced that the e-dividend registration exercise would continue seamlessly in spite of the expiration of the December 31st 2017 free registration deadline.

It would be recalled that the e-dividend free registration expired on December 31, 2017.

Dr. Abdul Zubair, Acting Director General of SEC, who… Read more

SON Launches PAM to Check Substandard Products

2017-12-15 3:45 PM | by Nigeria Compliancehub

The Director-General of the Standards Organisation of Nigeria (SON), Osita Aboloma, has said that the agency’s newly introduced Product Authentication Mark (PAM) will raise the patronage of made-in-Nigeria products and boost the country’s economic diversification drive from oil to non-oil sector and check substandard products.

The PAM is a mark of… Read more

Government targets additional N6billion from VAIDS

2017-12-15 3:40 PM | by Nigeria Compliancehub

The Federal Government will rake in an additional N6billion from the implementation of the Voluntary Assets and Income Declaration Scheme (VAIDS) before the end of the year.

The sum is in addition to the N17billion already yielded by the scheme within six months.

This was disclosed in Lagos on Wednesday, by the… Read more

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