End of OPEC is closer to reality
February 10, 2015 OPEC’s dominant role in the global oil market is in serious jeopardy. For nearly half a century, the oil cartel kept a tight check on prices, keeping them from falling too low or rising to unsustainably-high levels. But OPEC’s power is being challenged by the surge in North American oil production. “The
How Africa’s Capital Markets Are Shaping A New Kind Of Venture Capital
February 9, 2015 Investing in any emerging market is complex, but perhaps none are quite as challenging as sub-Saharan Africa (SSA). Unlike the vast nations of China and India, whose respective economies are governed by a single fiscal policy and regulatory framework, sub-Saharan Africa is a patchwork quilt of vastly different economies and cultures. It
Nigeria Struggles To Solve Falling Oil Price Problem
January 18, 2015 Falling oil prices may be making consumers smile at the gas pump, but policymakers in Nigeria are frowning. The sector accounts for 75 percent of government revenues and 95 percent of the nation’s exports, so falling prices mean falling income and a declining trade balance. “Everything rests on the oil price,” Angus Downie,
The Essentials of a Healthy Employer-Employee Relationship
January 19, 2015 It’s no secret that when a new employee comes on board, the employer who hired them is effectively beginning a new relationship. It is the same relationship that he or she shares with every single one of their employees, and it is this relationship that will determine the success and impact of
This Nigerian Woman Just Launched West Africa’s Largest Data Center In Lagos
January 16, 2015 Leading provider of innovative telecom services and network solutions for businesses in West Africa, MainOne, Thursday announced the opening of its premier Tier III Lekki Data Center, to address the growing demand for Colocation, Cloud and Disaster Recovery Services in West Africa. The N7 billion ($37.7 million) investment and has capacity for 600 racks.
The Nigerian Entrepreneur Who Built A $10 Million Toy Company
January 9, 2015 Paul Orajiaka, a 37 year-old Nigerian entrepreneur, is the founder of Auldon Limited, a manufacturer of African-themed toys. Auldon manufactures dolls and other toys which depict, promote and teach Africa’s cultural heritage to children. Orajiaka founded the company 17 years ago with less than $100; it now has annual revenues of more
Murnaghan Interview with Chuka Umunna, Shadow Business Secretary
January 2015 DERMOT MURNAGHAN: Now the old saying is, isn’t it, that elections are always won in the centre ground. That’s the view of many political commentators and by at least one former Prime Minister, Mr Tony Blair and he warned last week that a lurch to the left by Ed Miliband could end in
FirstEdu Loan
FirstEdu Loan is designed to offer short-term finance in a standardized manner to private schools to ensure smooth operations. Features Tenor is 90 days Maximum Loan Amount is N10m. Collateral is undertaking to domicile school fees with FirstBank School must have been in account relationship with FirstBank for a minimum period of 9 months Available