BUSINESS

Brands We Love: Highland Tea

There’s a growing appetite for tea in Nigeria. Large sections of the country’s population realize that it can help their hearts and waistlines stay in shape, so they’re buying more of it. Tea brands are also multiplying to match demand.

Did You Know? When 60 Kobo Equaled $1

Economists measure the health of a country’s economy using several indices: Gross Domestic Product (GDP), interest rates, the consumer price index, etc. But the regular person on the street does this with a different set of tools. Transport fares, food

Business Growth Tip: How to Survive in an Uncertain Business Environment

Businesses detest uncertainty. They don’t like it when they can’t make forecasts for the future and plan accordingly. If you’re an entrepreneur with any degree of experience, you’ll probably avoid investments with hard-to-predict outcomes. Unfortunately, we can’t always avoid uncertainty.

Four Nigerians on the WorldRemit List of Top Africans in the Diaspora

WorldRemit, a leading provider of international money transfer services, has launched its list of Top Ten Most Influential Africans in the Diaspora. The company says the list celebrates the accomplishments of Africans who have made valuable contributions to various fields

Brands We Love: Daraju Industries

Daraju is one of the better-known brand names in Nigeria’s fast moving consumer goods (FMCG) space. It’s been around for just over a decade but already has a dominant force in local manufacturing. While the company is known for its

Win Up to $10,000 in the Ecobank Fintech Challenge 2020

Entries are now open for the 2020 edition of the Ecobank Fintech Challenge. Startups working in financial technology from across Africa are invited to pitch their ideas to Ecobank, in order to win the funding and support they require to

Akinwunmi Adesina Endorsed For Second Term As President of African Development Bank

Dr. Akinwunmi Adesina has been endorsed by the African Development Bank (AFDB) to remain as president of the bank for a second term. During the 36th Ordinary Session of the African Union (AU) Executive Council (comprising 55 ministers of foreign

Dangote Fertilizer Plant Nears Completion

Dangote Industries Limited has continued to pull remarkable strides towards ensuring Nigeria become self-sufficient in the agricultural sector especially as regards the importation of fertilizer into the country. Dangote fertilizer plant at the moment is going through different stages of

Dangote Refinery Successfully Completes Test-run

Africa and Nigeria’s richest man, Aliko Dangote is close to completing his multi-billion-dollar petrochemical refinery project. This information was revealed by Nigerian philanthropist and business tycoon, Femi Otedola, after he visited the site for the projects at the Lekki Free

Business Growth Tips: Build an Entrepreneurial Support System

The life of the entrepreneur has its peculiar challenges. While they aren’t restricted to fixed working hours and days, they will often have to grind away at tasks for much longer than the 9-5-er. For them, their business is their

Three Sectors Bigger Than the Oil Industry in Nigeria

The National Bureau of Statistics recently released data on the growth of Nigeria’s economy in 2019. The GDP report showed that the country’s economy had grown by 2.27 percent in the year just passed. It had performed slightly better than

Two New Gold Refineries Set to Open in Nigeria

The Nigerian Federal Government has given the nod for two new gold refineries to begin operations in the country. Both companies have recently been licensed to produce commercial quantities of gold for export, government officials have said. Nigeria’s Minister for

Brands We Love: Cybele Cosmetics

Nigeria is one of Africa’s biggest markets for beauty and personal care. The local industry was worth about ₦500 billion in 2017; the signs are that it’s expanded substantially since then. This growth is being fueled by millions of individuals

Dangote Invests ₦63 Billion in South East Truck Production Plant, ANAMMCO

The Dangote Group says it has injected ₦63 billion into a major truck production plant in South-Eastern Nigeria. The investment, spread over five years, has come in the form of orders for about 3,500 trucks from the Anambra Motor Manufacturing

Business Growth Tip: How to Delegate Tasks

Sometimes, you will have a lot of work on your hands and very little time to handle all of them effectively. In such instances, you will want to hand the excess tasks over to someone who is skilled enough to

How to Get an Export License in Nigeria

If you want to begin exporting products from Nigeria, you will need an export license to do so. You can obtain one by registering with the Nigerian Export Promotion Council (NEPC). They are the government body charged with coordinating the

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