E-Business
#WorldSavingsDay: Why Nigerian Small Businesses Should Care

By Magnus Nmonwu
World Savings Day (31 October 2017) is coming up, a day generally not noted in Nigeria, which has one of the lowest savings cultures in the world. Yet, as one of the biggest contributors to the country’s GDP – at 47% – having savings in the bank is crucial if Small & Medium Businesses want to remain cashflow-positive and have some kind of safety net to cushion them during tough times.
There are many ways that small businesses can save money. You’ve probably heard most of them before: telecommuting, reduced business travel, flexible working arrangements and negotiating with suppliers. While this is all great advice, it also suggests a fragmented approach to saving money.
While saving a little here and a little there certainly adds up, I would like to recommend that you focus on just one thing – your culture. When you instil a savings culture within your business, everything else comes naturally, resulting in bigger, compounded and sustainable savings.
One thing to remember is that a savings culture is not just about saving money. It’s also about being frugal with resources and smart about time management, all of which impact the bottom-line in some way
Healthy Habits
Encouraging a culture of savings in your business starts with getting your team into certain habits, many of which are not money related but still have positive financial consequences.
Although the jury is still out on this one, they say that it takes 21 days to form a habit so, for three weeks, leave notes by light switches, reminding people to turn them off, or use pop-ups on their PCs, asking if they really need to print that document, or if they can work off a digital version.
Habits tend to stick when they’re rewarded. Think of non-monetary ways to acknowledge savings in your business.
Encouraging reduced consumption across the business automatically lowers operating expenses with little effort.
Personal Empowerment
Every team member who manages a budget – from procurement to marketing – should be given the tools, trust and authority to allocate their budget in a way that saves money while still meeting their business objectives.
If, for example, the marketing department can save time and money by outsourcing the social media advertising function, empower them to make that decision.
Financial empowerment and a savings mindset should extend into your team’s personal lives, too. If you are unable to offer incentives like provident fund or retirement annuity, bring in consultants to educate your team on the benefits of savings and easy ways for them to save. You can’t expect your team to be smart with your business’ money if they don’t have the knowledge and tools to be smart with their own money.
Make It A Game
Research has found that games improve employee engagement, motivation and learning – and what better use for gaming than to encourage savings in your business?
People are naturally competitive and competing against colleagues to fill up their money banks faster will quickly become addictive – especially if it earns them Friday off.
Use the game to drop personal and business money-saving tips as your players move through the levels.
Time Is Money
Automate as much as possible – especially the mundane tasks that your team is probably procrastinating on anyway. Again, reward your team for finding innovative ways to save time or to do things quicker or more efficiently.
There are many unconventional ways to save money, time and resources. Think beyond the obvious and get your teams involved – you might be pleasantly surprised.
Magnus Nmonwu, is the regional director for Sage in West Africa
E-Business
Offset Communications Slams N50m Suit against Qore Technologies for Alleged Copyright Infringement

Offset Communications Advisory Ltd has dragged Qore Technologies Ltd before a Federal High Court in Lagos, demanding the sum of N50 million as damages for the alleged infringement of its copyright.

Pic credit….https://copyrightalliance.org
Offset, in the suit marked: FHC/L/CS/1994/2025, is claiming that Qore used content from a proposal it submitted in December 2022, without formal engagement, attribution, or a licensing agreement.
“The Defendant’s execution of the content of the proposal submitted to it by the Plaintiff without any formal engagement, attribution or a licensing arrangement… amounts to an infringement of the Plaintiff’s copyright,” Offset stated in its writ of summon.
The suit filed on September 29, 2025, by Jimoh Bamigbola and Omobolaji Idris, on behalf of the plaintiff has Qore as sole defendant.
Plaintiff, a Lagos-based communications firm, in its statement of claim said it a had previously worked with Qore on Public Relations (PR) projects and was later asked to prepare a communications strategy for the company, adding that the said proposal contained ideas on employee engagement, branding, and stakeholder management.
Offset however, alleged that Qore implemented elements of the proposal, including internal communication initiatives and branding concepts, without payment or agreement.
“The Defendant executed and integrated the propositions into its Public Relations and Communication Strategy without any formal engagement… with the Plaintiff,” the statement of claim read.
The plaintiff said it discovered the alleged infringement in April 2025 and subsequently notified the defendant, but efforts to resolve the dispute failed.
It is seeking, among other reliefs, a declaration that the defendant’s actions amount to copyright infringement, N50 million in general damages, N5 million in litigation costs, 29 percent post-judgment interest, and “an order of perpetual injunction, restraining the Defendant… from further infringing on the Plaintiff’s copyright.”
Qore Technologies, however, denied the allegations in its statement of defence, arguing that the plaintiff was only engaged for limited Public Relations support services on a project basis and was paid for those services.
“The Plaintiff merely provided routine and secondary Public Relations support services… for which the Plaintiff was remunerated,” the defendant stated.
Qore further argued that the ideas referenced by the plaintiff are not protected under copyright law.
“The alleged ‘ideas’… consist of generic corporate communication practices widely used by companies… and cannot constitute original copyrightable works under Nigerian law,” it said.
The company also maintained that no binding agreement existed regarding the proposal and that its branding and communication strategies were developed internally and by its consultants.
In addition, Qore challenged the competence of the suit, stating that “the Statement of Claim discloses no reasonable cause of action” and that the court lacks jurisdiction to entertain the matter.
The defendant also filed a counterclaim, seeking N6.35 million as reimbursement for legal fees incurred in defending the suit, as well as N2 million in costs.
At the hearing on March 23, 2026, counsel to the parties identified their processes, and the court adjourned the matter to June 22, 2026, for further proceedings.
The case is expected to test the boundaries of copyright protection in Nigeria’s Communications and Public Relations industry, particularly regarding the ownership of proposals and business ideas.
E-Business
NDPC Investigates Remita, Others over Alleged Data Breaches

Nigeria Data Protection Commission (NDPC) said it is carrying out an investigation into alleged data breaches involving Remita Payment Services Ltd., Sterling Bank and other entities.

A statement on Sunday issued by Babatunde Bamigboye, head, Legal, Enforcement & Regulations, NDPC, said in line with the Commission’s procedure, Notice of Investigation was duly served on the 1st of April, 2026.
Bamigboye said relevant parties and individuals have been providing information for the purpose of addressing the incident.
“The aim of the investigation is to ensure that data subjects are protected with appropriate technical and organisational measures.
“The investigation by NDPC covers, among others, the types of personal data involved, the nature and scope of the alleged breach, the risk to data subjects and the mitigation measures carried out where a breach is confirmed,” he explained.
Vincent Olatunji, Commission’s National Commissioner/CEO, has directed that organisations that employ digital payment systems without putting in place appropriate technical and organisational measures as mandated under the Nigeria Data Protection Act, 2023 (NDP Act), will also be examined as part of a wider effort to ensure the integrity of the ecosystem.
E-Business
Nigeria Mulls National Cybersecurity Council

Federal Government has unveiled plans to establish a National Cybersecurity Coordination Council, signaling a shift toward a more unified, intelligence-driven approach to defending the country’s rapidly expanding digital economy.

Conceived as a non-statutory, multi-stakeholder body, the proposed Council will enhance coordination, enable trusted information sharing, and guide government strategy on cybersecurity, risk management, and national response amid increasingly complex cyber threats.
The initiative, championed by Bosun Tijani, minister of communications, innovation and digital economy, is designed to bring together government institutions, private sector players and technical experts into a single collaborative platform to strengthen the country’s cyber resilience.
Tijani noted that this initiative comes in response to a wave of recent cyber incidents that have disrupted operations across key private institutions and public sector.
In recent times, Nigeria’s financial system has faced mounting cyber pressure, reflecting global trends as cybercrime is projected to cost the world over $10.5 trillion annually, according to Cybersecurity Ventures.
Analysts say these attacks are increasingly coordinated and sophisticated, prompting the government to recognise that fragmented, institution-specific approaches can no longer manage systemic cyber risks effectively.
Under the new framework, the government aims to promote a “collective defence” model, an approach widely adopted in advanced digital economies where threat intelligence is shared in real time across institutions.
The Council is expected to include chief information security officers, cybersecurity associations, the Nigerian Computer Society, global technology providers, researchers, law enforcement agencies and civil society groups, ensuring a broad-based and technically grounded response architecture.
Key priorities will include developing national threat intelligence-sharing systems, harmonised cyber defence protocols, and coordinated incident response, while strengthening capacity to close Nigeria’s cybersecurity talent gap.
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