Business

What Do Nigerian Entrepreneurs Need Most To Succeed?

BY ABIMBADE OLUSHOLA Entrepreneurs are critical in the survival of any economy, since they offer employment, create wealth and help in fighting crime, but sector in Nigeria is currently afflicted by a myriad of challenges. Which are the most critical of such challenges? The major factor responsible for the production and essential for the smooth running of any business is …

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Alma Mater Manager Laments Challenging Business Environment

By Obi Lydia Christy Mr Falayi Eniola, Manager at Alma Mater Ltd, based in Lagos has said that the Nigerian business environment had become challenging and as a result affecting the company’s profitability. Mr Eniola who said this during an interview with our reporter, added however that the company would continue to give quality service to her customers. He said …

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Challenging Economic Situation In The Country—Nigerians Speak

By Adefioye Iyunade Rose As a business man, the rate at which goods are dumped in the market without quick sales is very high and this has actually led to the continuation of struggle for survival. Two, three years back, you can conveniently afford five square meals a day but now, it very hard to eat even one square meal …

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Why Are Prices Of All Things On The Increase In Nigeria?

By Odunsi Temidayo A rise in prices, some say, could be a sign of development and prosperity, but could this be the case with Nigeria’s?  This is because, in the last two three years, prices of almost all the essential commodities have been increasing at an alarming rate. These soaring prices have caused great unrest and frustration among the people.  …

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NSE sanctions 35 companies N452m in 11 months

The Nigerian Stock Exchange (NSE) has sanctioned 35 companies with fines totalling N452 million for failing to file their financial statements at the regulatory date. According to the data obtained from the Exchange, among the companies fined, eight were financial institutions, showing that Unity Bank Plc owed the highest amount of N79.7 million. At different times this year, the bank …

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Naira Notes In Circulation, A National Embarrassment

BY IFEOLUWA OLUBODUN It’s not reckless or unsafe to say that the kind of currencies in circulation in Nigeria currently is a national embarrassment.  There is not one small currency denomination in Nigeria which would smile at you except it just came from the Apex Central Bans directly into your hands. From the commercial banks into the streets, markets, commercial …

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SON Releases New Standards For Beans Production

The Standards Organisation of Nigeria (SON) has given highlights in line with the Nigerian Industrial Standards (NIS) and Codes of Practices for planting beans seeds across the country. The Director General, SON, Osita Aboloma in a statement to commend a consumer for reporting a beans vendor who preserves beans with pesticide stated that the standards are relevant Nigeria Industrial Standards …

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Tobi Boshoro Joins the Renmoney Team As CEO

Renmoney has announced the appointment of Tobi Boshoro as its new CEO. Tobi is armed with a wealth of experience in business strategy, marketing and business development in the fintech sector. Below is her profile: Tobi holds a BSc. in Economics from Ogun State University, Ago-Iwoye and a Masters’ degree in Strategic Marketing from Cranfield University’s School of Management, England. …

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Interswitch Partners Microsoft to Pioneer Blockchain Technology in Nigeria

  L-R: Mrs. Dupe Olorunjo, Divisional Head, Corporate Banking, United Bank for Africa Plc; Prasanna Kumar Burri, Group Chief Information Officer, Dangote Group; Mitchell Elegbe, GMD / Founder, Interswitch Group; Maimuna Shonibare (Corporate Bank) Guaranty Trust Bank Plc; Raymond Haruna, Senior Manager, Enterprise Solutions and Data Center at Zenith Bank Plc at the launch of Interswitch Blockchain Service (Supply Chain …

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Nigerians Can Now Shop Internationally With Quickteller Global Mall Website

By Paul Mbagwu Nigerian customers can now shop directly from over 100 international stores, including Amazon, Zara, eBay and Macy’s, and pay in Naira. This became possible with the launch of Quickteller Global Mall, a service provided by Quickteller, a digital payments and commerce platform owned by Pan-African integrated digital payments and commerce company, Interswitch Group. The new service has …

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