Welcome! Unleash your leadership potential, master business excellence, and embrace transformation with Tekedia Mini-MBA. Join us and experience cutting-edge business management & leadership program: online, self-paced, and world-class. At Tekedia Institute, we co-learn with thousands of professionals and students, from many countries, on the mechanics of business, connecting innovation, growth and operational execution, across market territories and industrial sectors..
Our Faculty members come from Microsoft, Google, Shell, Flutterwave, Nigerian Breweries, NNPC, Jobberman, Coca Cola, PwC, BUA Cement, and other great organizations. Besides pre-recorded courseware, thrice weekly, we hold live Zoom sessions (Tue, Thur and Sat at 7pm WAT) – Prof Ndubuisi Ekekwe, Tekedia Institute Lead Faculty.
Beat Tekedia Mini-MBA Early Discount Registration and Save
How Much Does Data Recovery Cost?
Losing data on your computer can be really devastating, especially when those files hold precious memories or vital work information. Naturally, your first thought is to recover the data as soon as possible. But then comes the pressing question: how much does data recovery cost? Well, the answer to that isn’t a simple one. Data recovery costs involve a mix of factors to consider. But don’t worry! In this article, I’ll explore this complex issue and introduce you one of the top data recovery software solutions. So, read on to learn more about it!
Cost on Common Data Loss Scenarios
When it comes to data loss, the pricing can vary depending on the different situations. Here’s a breakdown of the most common data loss situations and their approximate cost ranges:
Accidental Deletion:
Cost: $0–$500
Accidentally deleting a file happens to every one of us. Luckily, it’s usually not too costly to recover. You can simply restore the lost data with professional data recovery software. With the right software, you can often retrieve deleted files on Windows or Mac. without costing too much.
Logical Failure
Cost: $300-$1000
Sometimes, it’s not about what you’ve done, but what’s happened to your files. Logical failures, like attacks from malware or accidental formatting, can be a bit pricier to fix. Powerful DIY data recovery software can be helpful to deal with these issues at an affordable price. In some cases, you might need some technical help to get your data back, but it’s usually doable.
Mechanical Failure
Cost: $500–$3,000
Mechanical failures, like water damage or strange noises, can be the most costly to recover from. You might need some serious professional help and equipment to save your data, which can mean a huge bill.
Other Determinants for Data Recovery Cost:
Why does data recovery cost fluctuate so greatly? This is because the cost is determined by a variety of factors, making it a complex issue that needs to be assessed in a real-life case.
- Device Type: Different devices, like hard drives, solid-state drives, or USB drives, may have different recovery costs. Recovering data from solid-state drives tends to be pricier than traditional hard drives due to their more complex structure.
- The Extent of Damage: The severity of data damage has a direct impact on the complexity and cost of recovery. Simple tasks like recovering accidentally deleted files may cost less, while fixing physical damage to a hard drive can be more expensive.
- Data Size: Recovering a large amount of data may require more time and resources, hence increasing the cost. Recovering a small amount of data typically costs less than recovering a large amount.
- Service Level: Urgent services usually cost more. If you need your data recovered in a short timeframe, you might have to pay extra.
- Choice of Recovery Company and Reputation: Different recovery companies may have different pricing plans and levels of expertise. Opting for a reputable company with good experience, even if it’s pricier, can be more reliable in the long run.
- Physical Location: The cost of data recovery services can vary based on yourl location. In some areas, the cost may be higher, while in others, it could be lower.
Can I Perform Data Recovery without Professional Data Recovery?
Yes, you can! You don’t always need to ask for help from the experts to recover lost data. DIY data recovery software can often save you. One such software we recommend is FonePaw Data Recovery.
Packed with a variety of features, FonePaw Data Recovery is a tool designed by FonePaw specifically for data recovery purposes. It’s capable of recovering data lost due to accidental deletion, logical issues, or even physical damage. Moreover, it supports over 1000 file formats, including office documents, archives, emails, photos, browsing data, and audio files, ensuring a high recovery success rate.
What’s great about FonePaw Data Recovery is that it allows users to scan and preview files for free. So, you can see exactly what it can recover before making any decisions. It’s incredibly user-friendly and comprehensive, making it a reliable choice for anyone looking to retrieve their lost data.
Highlights of FonePaw Data Recovery:
- Retrieve data from Windows PC/laptop, USB hard drive, SD card, and other devices.
- Effective for accidental deletion, emptying recycle bin, disk formatting, and other common data loss scenarios.
- Capable of restoring over 1000 file formats and diverse file types, including documents, photos, videos, and emails.
- Compatible with Windows 7, 8, 10, and 11.
- Simple 3-step recovery process with a high rate of success.
The Steps to Using FonePaw Data Recovery
Step 1: First, download and install FonePaw Data Recovery on your laptop. Be sure not to install it on the hard disk where the deleted files were previously stored. Once installed, launch the software. Choose the types of files you want to recover and select the location of your lost data.
Step 2: Click on the Scan button. FonePaw will then thoroughly scan your drives to find out lost files.
Step 3: After the scanning is complete, the software will display a list of recoverable files. You can preview these files to ensure they’re what you’re looking for. Select the files you wish to recover, then click the Recover button to restore the lost files.
Conclusion
In conclusion, the cost of data recovery can vary greatly depending on various factors such as the type of data loss and the extent of damage. However, with the right tools, you can often recover your lost data without breaking the bank. One such tool is FonePaw Data Recovery.
Equipped with a user-friendly interface, comprehensive recovery capabilities, and a high success rate, FonePaw Data Recovery stands out as a top choice for recovering lost data. No matter what types of data loss scenario you encounter, FonepPaw handles them effortlessly. Besides, the free scanning and preview feature allows for more assurance, enabling you to verify whether the lost files have been found before deciding whether to recover them. So if you want to find your lost treasure at home, FonePaw is definitely a go-to solution.
BlockDAG’s Striking Exhibition at Piccadilly Circus Fueling 30,000x ROI Prospect As It Outperforms Ethereum ETF & Dogecoin Fluctuations
Piccadilly Circus recently became the stage for an extraordinary showcase by BlockDAG, the newest sensation in the cryptocurrency presale market. With its promise of a 30,000x ROI, BlockDAG is capturing the attention of investors looking for the next lucrative crypto investment. As Ethereum ETF faces setbacks from Grayscale’s recent withdrawal and Dogecoin suffers from market whims, BlockDAG’s advanced technology offers a promising alternative with its efficient transaction processing capabilities.
Ethereum ETF Faces Challenges
The crypto community was taken aback by Grayscale’s recent decision to pull back on its Ethereum ETF initiative. Analyst James Seyffart notes that Grayscale might have tried to leverage its Bitcoin fund’s success strategy but pivoted after deliberations with the SEC. Journalist Eleanor Terrett points to a possible lack of investor interest as another reason for this strategic shift. Additionally, the SEC’s reluctance to approve an Ethereum fund based directly on the cryptocurrency rather than its futures likely affected this development, impacting how investors view Ethereum’s market prospects.
Dogecoin Experiences Market Volatility
The price of Dogecoin, the meme-inspired cryptocurrency, recently fell by 4%, dropping to $0.1498. This decline highlights the inherent instability of meme-based cryptocurrencies, which are heavily influenced by social media and market sentiment. This volatility starkly contrasts with cryptocurrencies that are built for utility and sustained investor engagement, demonstrating the precarious nature of investing in trend-driven digital assets.
BlockDAG Captivates at Piccadilly Circus with Impressive Presale Success
BlockDAG took center stage at London’s Piccadilly Circus with an impressive display of its blockchain technology, which promises to revolutionize global payment systems. In contrast to Ethereum’s slower transactions and Dogecoin’s fluctuating fees, BlockDAG offers a quicker, more cost-effective solution. This technological advancement is vital as it improves accessibility and user experience, fostering broader adoption for various financial transactions.
The project’s potential is further highlighted by its successful presale, where it raised $25.2 million in its ongoing presale phase, showing strong investor confidence. This robust financial support reflects BlockDAG’s significant standing in the crypto market and its capacity to rival traditional financial systems with a more scalable and efficient approach.
As BlockDAG progresses, it continues to diversify its payment options, accepting major cryptocurrencies like Bitcoin, USDT, and newer additions such as SHIB and Solana, making it accessible to a wide array of investors. This versatility, combined with the platform’s fast transaction speeds and low fees, positions BlockDAG as a strong competitor in the cryptocurrency market, ready to deliver substantial growth and 30,000x returns to investors.
Concluding Thoughts
BlockDAG’s vibrant exhibition at Piccadilly Circus was more than just a visual spectacle; it marked the emergence of a powerhouse in the cryptocurrency market. With a system designed to surpass Ethereum’s transaction efficiency and Dogecoin’s stability, BlockDAG is setting a new standard for global payment systems. Its successful $25.2 million presale and expanding range of payment options paint a promising picture for investors. As the crypto market evolves, BlockDAG stands out as a compelling investment opportunity, inviting everyone to explore its potential and participate in its continued growth. Visit BlockDAG’s website to learn more about their presale and how to get involved in this exciting venture with 30,000x ROI potential.
Join BlockDAG Presale Now:
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
With 94% of Naira in Circulation Held Outside Banks, Nigeria’s Central Bank Will Continue To Struggle
The Central Bank of Nigeria has two key job descriptions, and they are to keep the Naira stable (or strengthened) by managing inflation, and to boost employment through interest rate management. Over the last few years, the apex bank has largely forgotten the second role of boosting employment!
Of course, inflation and interest rates are entwined in many Western economics textbooks. Why? Most are credit-driven economies which make it easier to use interest rates to modulate consumer demand. In other words, if you increase rates, credit card usage becomes more expensive, and many people will pause on spending. That correlation works when people live through credits.
But in Nigeria, as I have noted, it cannot work, because people are not living on credits. Consequently, the apex bank’s monetary tools may not be effective when rates are hiked. How do we know?
From Nairametric: “Nigerians have increased their hoarding of cash, with as much as 94% of the currency in circulation held outside banks by March 2024. An analysis of the latest money and credit statistics data from the Central Bank of Nigeria (CBN) shows that while currency in circulation was N3.87 trillion, currency outside banks was N3.63 trillion. Also, the percentage of cash hoarding has been on the rise. January 2024 saw 90% of the currency in circulation being held outside the banking system, climbing to 92% in February, and reaching 94% by March.”
Simply, Nigerians have 94% of cash in circulation in the family vaults, pillows, piggy banks, etc, and not in bank vaults. With cash, there is really nothing the central bank can apply that will work since cash is immuned from those rate hikes. The CBN’s only playbook is to encourage people to send the money to banks. Unfortunately, that is not happening since keeping your money in the bank costs you money with those fees, and the citizens have figured out that with cash, they can live fee-free.
As I have noted here, we need to look at our banking services to make sure we do not use fees to scare citizens away from joining. While many of us here may not care for those N2,00, N600, here and there, some of our fellow citizens are sensitive to fees. And if they do not join the banking sector, it would be harder for the apex bank to use its tools to shape policies.
The CBN must find a solution, at least, to make its tools effective for the nation. Otherwise, it will continue to struggle to control anything.
The Central Bank of Nigeria has two key job descriptions, and they are to keep the Naira stable (or strengthened) by managing inflation, and to boost employment through interest rate management. Over the last few years, the apex bank has largely forgotten the second role of… pic.twitter.com/wtBCxL640C
— Ndubuisi Ekekwe (@ndekekwe) May 13, 2024
Nigeria’s Presidential Committee on Fiscal Policy and Tax Reforms Unveils Key Highlights
The Nigeria’s Presidential Committee on Fiscal Policy and Tax Reforms has produced its preliminary suggestions. Below are the key highlights of the Committee’s proposal.
President Bola Tinubu has given his approval for the establishment of a Presidential Committee on Fiscal Policy and Tax Reforms. The committee will be led by Mr. Taiwo Oyedele, who holds the position of Fiscal Policy Partner and Africa Tax Leader at PriceWaterhouseCoopers (PwC).
The announcement of the committee was made by Dele Alake, the Special Adviser to the President on Special Duties, Communications, and Strategy, in a statement released on Friday.
Issues Identified
No Input VAT Credit: Businesses cannot claim input VAT on services and assets, increasing operational costs and cash flow issues.
VAT on Basic Needs: Essentials such as food, education, and healthcare are not exempt or zero-rated, burdening the lower-income segments of the population.
VAT Compliance for Small Businesses: The low VAT exemption threshold places a compliance burden on many small businesses.
Multiplicity of Taxes: The presence of other consumption taxes in addition to VAT at the state level complicates the tax landscape.
VAT on Exports: Exported services and intellectual property are taxed, which can hinder the competitiveness of Nigerian exports in the global market.
Proposed Reforms
Full Input VAT Credit: Allowing businesses to claim input VAT would help reduce operational costs and improve cash flows.
Exemption of Essentials from VAT: Removing VAT from basic food items, education, and healthcare aims to protect economically vulnerable populations.
Harmonization of Consumption Taxes: Consolidating all consumption taxes into a single VAT could simplify the tax system and potentially resolve issues related to tax multiplicity.
Exemption of VAT on Exports: Making exports of services and intellectual property zero-rated could enhance the competitiveness of Nigerian exports.
Increased VAT Exemption Threshold for Small Businesses: Raising the threshold would reduce the burden of VAT compliance on small businesses.
Enhanced VAT Refund Process: Streamlining the refund process would alleviate working capital constraints for businesses.
Introduction of VAT Fiscalisation and E-Invoicing: These measures aim to combat tax evasion and make the system more equitable for honest businesses.
Adjustment of VAT Rate: A selective increase in the VAT rate for non-exempt items is proposed to counterbalance potential revenue losses from other reforms.
They also plan to seek tax exemption for 95% of informal sector businesses.
“So, we think that 95% of the informal sector should be legally exempted from all taxes; withholding tax, company income tax, even payee on their staff.
“We’re using data to inform our decisions. Currently, if you earn N25 million a year or less, you don’t have to pay company income tax, you don’t have to worry about VAT.
‘’We think that the informal sector are people who are trying to earn a legitimate living, we should allow them to be and support them to grow to a point where they can then have the ability to pay taxes,” he said.