Stealing is corruption. It has no other name. It is a crime that can never be excused, no matter the justification put forward.
As signal piracy spirals out of control globally, and also in Nigeria, broadcasters are up in arms and actively looking for ways to curb the rising scourge which has dire effects on their legitimate operations and service delivery.
Pirating signal makes it difficult for broadcasters to maximize the potential of their content, especially when viewers already have access to the content through illegal means.
When there are too many signal pirates swimming in the waters of the broadcasting industry, it results in a situation where there is an increase in subscriber disconnects, loss of revenue, absence of investor confidence, and credibility with content distributors. The anomaly also impacts the broadcaster’s ability to scale-up, invest in the acquisition, production, and transmission of quality content.
The activities of the pirates will also inadvertently result in economic losses for the government as players in the broadcasting industry will struggle to grow, be profitable and create more employment. This can amount to losses of millions of dollars, which could have been invested in the country’s education, housing or healthcare sectors.
Despite the fact that Section 20 of Nigeria’s Copyright Act prescribes five years imprisonment for anyone found guilty of illegal distribution of broadcast signals, the practice is widespread and steadily growing.
Recently, the Economic and Financial Crimes Commission (EFCC) raided the premises of CANTV (MultiMesh), Metro Digital TV and Communication Trends Limited (CTL) – three Port Harcourt-based cable television operators – after they were found to have been redistributing content exclusive to MultiChoice.
Following the raid, the companies attempted to justify their illegal actions by saying they don’t relay live – instead, they rebroadcast. They also noted that they “were not invited” by the anti-graft agency before the raid, insinuating that thieving, criminal enterprise must be extended an invitation despite being in clear breach of the law.
The operations manager of Metro TV, Paul Osuji, shot himself in the foot when he stated that, “we did not commit any crime known in law to merit that kind of treatment”. But according to chapter 3 of the Nigerian Broadcasting Commission (NBC) code, “the broadcast or rebroadcast of any content shall be only with the express permission of the rights owner.”
And without any form of approval from MultiChoice, these companies are clearly guilty of blatant theft and signal piracy.
Like the EFCC, other law enforcement agencies across the world have carried out similar raids on the operations of hardened broadcast pirates. In March 2019, the Spanish National Police and Europol carried out a raid dubbed ‘Operation Casper’ in 12 locations in Spain and Bulgaria. During the raid, eight individuals were arrested for the illegal distribution of 1,000 pay TV channels.
As acts of broadcast piracy increase in leaps and bounds, content producers and rights owners are experiencing dwindling revenue. Such piracy-related revenue loss has been heavily felt in recent months by English Premier League (EPL) clubs and their sponsors.
A study commissioned by GumGum Sports, a sponsorship valuation firm; and digital piracy authority MUSO, found that pirating EPL games is costing £1 million in “uncaptured sponsorship media value” per match, that’s a whopping £380 million per season!
The study, which focused on eight matches during the 2018-19 season, evaluated viewing patterns of 7.1 million fans across 149 countries, including China, Vietnam, Kenya, India, Nigeria, US and UK.
The study was carried out by identifying the size of the piracy audience, analysing on-screen exposure and duration for sponsorship placements, and producing global media equivalencies for the live broadcast to calculate media value per nation.
Similarly, Yousef al-Obaidly, CEO of beIN Media Group, the world’s largest investor in TV rights, recently warned that earnings from TV rights are about to nosedive for professional football clubs if piracy is not tackled head-on.
“The glorious media rights bubble is about to burst. And the truth is that our industry is completely unprepared. In response to piracy, they are paying lip service to the problem,” al-Obaidly said in October.
“If you look at Premier League clubs, if you take Watford or Bournemouth, 88% or 90% revenue comes from broadcast revenues. So if we don’t do anything about piracy, you will have quite a reduction in the value of rights.”
During the last Total Africa Cup of Nations organized in Egypt, Saudi-based pirate television platform, BeoutQ, carried out a major hacking operation and went on to fraudulently broadcast all the 36 matches in the group phase, with the support of satellite provider Arabsat — despite the fact that only beIN Sports had a contract from CAF to broadcast, on an exclusive basis and with the right to sub-license.
This resulted in a loss of millions in revenue for all the parties legitimately involved.
A 2017 research carried out by Markmonitor, a brand protection and anti-piracy company, noted that the growing demand for pirated content has resulted in over $100 billion in revenue losses for companies in the TV, music, software, gaming and film industries. In 2017, 54% of millenials admitted that they watched live sport streams illegally, while in the US and Canada, $840 million in video service revenue was lost to piracy in the same year.
Now, what are the solutions to this hydra-headed monster of broadcast, streaming and even cable piracy?
To avert further loss of revenue, broadcasters, government and law enforcement have to continuously and adequately educate the public that signal piracy is a dangerous crime which could lead to the downfall of a vibrant industry.
Efforts should be made to embark on PR campaigns to alert viewers that by patronizing pirates, they are inadvertently encouraging illegality.
Going by the rate at which pirates employ sophisticated means to hack systems, broadcasters need to guard their content more fiercely than ever before. Broadcasters should stop paying lip service to the problem of piracy and invest massively in technology to better monitor and detect breaches in their signal.
Nigeria’s law enforcement and anti-corruption agencies also need to be more proactive in the fight against piracy because the broadcasting industry cannot do it alone. They need to encourage honest trade by discouraging theft. This means prosecuting those who have flouted the code so blatantly. Stealing is stealing no matter how finely garbed; or how through the media, daylight robbery is being portrayed as a Robin Hood mission.
In the face of increasing broadband penetration and worsening piracy onslaught against the industry, practitioners and investors will have to work hand-in-hand with the government to put in place stronger laws, stricter enforcement measures and more stringent punishment.
Remitano launches Mission, a new online job market for crypto lovers
Remitano introduces Missions, a simple, short-term task platform that anyone can do and get paid for.
Remitano, global P2P crypto exchange, has just launched a new online job market – Mission, the platform’s latest element in its push to realize its full potential and open a new window of employment opportunities to crypto users.
Missions are simple, short-term tasks that anyone can do and get paid for. For example, “Share a Remitano post on Facebook.” The new online job market will provide a range of ‘easy and quick apply’ jobs (mission) for crypto lovers wishing to have additional earnings. This way, applicants can skate through the application process and land jobs fast.
As of the August 2020 announcement, Remitano already released a set of guidelines for users looking to take advantage of the offerings. The guide includes:
- Highlights of the missions
- Steps to apply
- Application requirements
Complete a Mission and Get Instant Crypto
While the internet has become the most vital channel for personal recruiting, and people consider different aspects of a job to be fulfilling, some common elements include work-life balance, growth, and a strong work community. Remitano’s newest mission is geared towards promoting similar values and keeping like–minds meaningfully engaged with the crypto community.
Furthermore, Remitano is thrilled to collaborate with greenhorns interested in building along with it. Hence, if you’re new to cryptocurrency trading and wish to maximize your earnings or want a legitimate way to get instant crypto without purchasing it, you can create a free Remitano account, and join the mission for the next job on hand.
Why You Might Want to Join Remitano’s Mission
- A side job: If you’re looking to expand your income or even monetize your free time, missions are ready for the taking. You will be poised to earn extra cash by helping to present Remitano’s ideas across the internet.
- More remote flexibility: with more people working from home, having a practical and comfortable working space is more important than ever. Remitano encourages this by providing digitized work environments for its employees’ remote adaptability.
- Unlimited geography: missions are for everyone, no matter where they are. Job seekers can access available online jobs from anywhere and apply for roles they fit into.
- Streamlined application: applicants only need to prep and submit requisites and certificates, allowing you to walkover face-to-face interviews
- Instant credit of cryptocurrency: once a mission is completed, successful candidates will receive instant crypto remuneration to their Remitano wallets.
Remitano is a product of Babylons Solutions Limited based in Seychelles. As a fast-moving marketplace, Remitano’s purpose is to offer a robust, quality trading experience to all users. With necessary safety standards in place, buyers and sellers can come together, store, trade, and retrieve assets, thus minimizing challenges common to crypto exchanges.
Launched in 2014, Remitano is a global cryptocurrency exchange serving international markets, such as Malaysia, China, Nigeria, Vietnam, Australia, Cambodia, and Indonesia.
Reach out to Remitano via:
Are SMEs the solution to Nigeria’s wailing economy?
MTN Nigeria commenced The Revv Program to mitigate the effects of the pandemic on SMEs across Nigeria.
The outbreak of the COVID-19 pandemic this year has been a major disaster to several sectors including the financial sector. The ensuing lockdown affected the global economy tremendously. SMEs in Nigeria were among the worst hit.
According to a survey published by the Fate Foundation and BudgIT on the ‘Impact of COVID-19 on Nigerian SMEs’, 94.3% of the total 1,943 respondents said the pandemic has negatively affected their business.
Back in 2017, the Small and Medium Enterprises (SME) sector comprising approximately 40 million SMEs contributed an estimated 48% to Nigeria’s Gross Domestic Product (GDP), and employed 84% of the country’s entire workforce, according to a National Bureau of Statistics (NBS) report released in 2018.
GDP is an important indicator of a country’s economic power. According to the NBS, Nigeria’s 2017 GDP was worth about N113.7 billion. Of that amount, the SME sector contributed 48%; that’s two percent short of half the total amount. This value provided by SMEs, which ensures the smooth running of the country, is why they are referred to as the bedrock of the economy.
But this was before the pandemic and the accompanying lockdown that resulted in an unprecedented economic tailspin affecting business operations, consumer spending, loss of jobs, and livelihoods. According to the Fate Foundation and BudgIT survey, off the businesses still managing to stay afloat, 72.1% cannot find the cash flow to continue running their business, and 59.2% are struggling to increase their revenue base.
When asked in what area they want to be supported, 72.1% answered with cash flow; 67.7% said they’ll need support to make sales; 89.4% want the federal government to provide them with funding; 33.8% need access to markets; 74% want the private sector to support with funding; and 62.9% want business support.
Recently, MTN Nigeria commenced an initiative tagged The Revv Program to mitigate the effects of the pandemic on small businesses across Nigeria. Working with relevant stakeholders, subject-matter experts, and the company’s executives, the program aims to support over 10,000 small businesses.
At the virtual launch, Chief Executive Officer, MTN Nigeria, Ferdi Moolman, called on large corporates to join MTN and “strongly position themselves to support SMEs as a foundation to the growth of a stronger economy going into 2021 and beyond”, saying “The Revv Programme is our way of standing with SMEs in their journey to rise through these challenging times.”
Adopting a four-pronged approach that includes masterclass sessions, support with productivity tools, access to market and advisory initiatives, the programme seeks to help SMEs relearn, readjust, and retool their businesses. The masterclasses which have been held weekly since August 18 focuses on core areas of business management as part of a broader strategy to uplift the SMEs.
This will be followed by the selection of The Y’ello 200 (two hundred top-performing SMEs from the sessions) that will enjoy exclusive access to a broad range of technology and productivity tools and services absolutely free, for a period of six months. They will also receive productivity support to enhance their business performance, in addition to access to MTN’s media assets for product marketing, which will open up new market opportunities for their business’ growth and expansion.
The majority of the small businesses affected by the pandemic are facing funding problems. The first masterclass, themed “Accessing the Right Funding for Your Business”, addressed this need. MTN Nigeria’s Chief Financial Officer (CFO), Modupe Kadri, together with other subject-matter experts threw light on ways SMEs can access funding from investors, and the role a properly managed cash flow system plays. “Anybody that wants to advance some securities to you will want to know the strength of your cash flow management; how you generate the income streams and how you’re going to keep the lead on that. The same thing also applies to your costs”, Kadri said.
In a subsequent masterclass themed, “Setting Up Your Business for Success: The Technology Advantage”, the Chief Enterprise Business Officer of MTN Nigeria, Lynda Saint-Nwafor shared that the concern for SMEs is at the core of The Revv programme. “We have the interest of SMEs at heart and whilst we do not provide all the services that are applicable, we are willing to partner with organisations that provide access to technology tools that are relevant to SMEs on a platform that makes it easy for them to access at the right price”, according to Lynda.
The Revv Programme will not be the first time MTN is supporting small businesses in the country. In 2018 the company launched the viral “Man In The Box” campaign with commendable outcomes for SMEs in the country. The idea was to support small businesses with technology solutions and create awareness for them by showcasing their businesses in the “Box” to the entire world.
For 24 hours and for free, selected businesses were showcased within the “Box” on LED screens, and across MTN’s social media platforms. Man In The Box was a huge success; it awakened Nigerians to the enormous untapped possibilities that litter the SME space. SMEs that were featured in the “Box” told amazing testimonies of how they witnessed growth and increased patronage of their businesses.
As we transit to a post-COVID environment, small businesses that had their business affected by the pandemic and are looking for new sources of income will have to pay attention to the programme. The good thing is, it does not matter how bad the pandemic may have affected their success, business will soon shape up for SMEs, especially the 10,000 small businesses to benefit from The Revv Programme. And with that, they will continue to provide the much-needed backbone for Nigeria’s economy.
How to open free Bitcoin wallet in Nigeria
Cardtonic is one of the platforms that provides a free bitcoin wallet address in Nigeria.
When it comes to cryptocurrencies such as Bitcoin, a bitcoin wallet address is very essential. A Bitcoin wallet address is made up of a string of 26-35 alphanumeric characters, that allows you to send and receive bitcoin.
Any bitcoin address can be used to transfer cryptocurrency to any other address on the network, provided the sender’s wallet software supports that address type. All addresses represent a destination on the Bitcoin network.
How To Open Free Bitcoin Wallet In Nigeria
Creating a bitcoin wallet in Nigeria is very easy. Wallets come on different platforms with different features in Nigeria. However, it’s advisable you always go for the best. This guide will help you to find the best Bitcoin wallet in Nigeria for you.
How Do I Get A Free Bitcoin Wallet Address In Nigeria?
There are various ways to get a free wallet address in Nigeria. Prominent among them is by signing up to a platform that offers a free bitcoin wallet address.
Cardtonic is one of the platforms that provides a free bitcoin wallet address in Nigeria. It is an online broker trading platform that facilitates the buying and selling of bitcoin, as well as gift cards. The bitcoin/gift card trading platform is designed to aid the buying and selling of bitcoin.
Get Free Bitcoin Wallet Address on Cardtonic
Cardtonic now offers Bitcoin Wallet Address for all users. The idea is that for each Bitcoin transaction, users will generate a unique, single-use address to provide to senders.
Why Cardtonic Offers The Best Bitcoin Wallet Address In Nigeria
Cardtonic has a nationwide reach, serving traders across Nigeria. Safe to say that it is also one of the largest gift card and Cryptocurrency exchange platforms in Nigeria.
Cardtonic deals in bitcoin and gift cards exchange, and at the same time provides a bitcoin wallet address that is of blockchain standard.
It is also one of the foremost bitcoin trading sites in Nigeria as it has greatly simplified the process for customers. The competitive advantage ranges from offering one of the fastest transaction times to having an extensive customer support system that is always on hand to provide assistance, not leaving behind the amazing bitcoin exchange rates. Thus, Cardtonic is raising the bar on bitcoin trading.
Therefore, with all the ease around bitcoin trading on Cardtonic, whether you are trading little or large, you’d like to get value and ease for them. And apart from the fact that there are a limited number of platforms that have such features in Nigeria, not every service can be trusted in terms of security, efficiency, and exchange rate. All these can be guaranteed with Cardtonic.
How To Create Bitcoin Wallet Address On Cardtonic
To create an address on Cardtonic, follow the steps below:
- Visit the website or download the mobile app on your android or iOS.
- As a user, proceed to the bitcoin trade page and generate your bitcoin address
- The address becomes permanently yours. You can receive bitcoin into your address at any time.
- Any amount of bitcoins sent to your address will be automatically added to your naira balance at the corresponding rates.
- Bitcoin trades on Cardtonic are completely automated and require no human or manual intervention.
Download Cardotnic Mobile App: https://play.google.com/store/apps/details?id=com.cardtonic.app