LAGOS JOINS LEAGUE OF OIL PRODUCING STATES IN NIGERIA
This week, Lagos officially added another element to its already glittering economic prospects when reports confirmed it is expected to join the league of oil-producing states in Nigeria. A joint venture led by Yinka Folawiyo Petroleum Company Limited has been exploring the Aje Field offshore Lagos, and have taken the final investment decision on the
Spotlight On Nigerian Tech Startup That Seeks Patterns In Traffic Chaos
Emmanuel Adegboye attempts to bring order to the chaos of African public transportation systems with his tech startup, Bus Stop, and he has attracted the attention of some seriously connected players. Adegboye is one of 50 entrepreneurs from 24 countries, including five from Nigeria, selected to participate in the 2015 MITx Global Entrepreneurship Bootcamp, ITNewsAfrica reports. The bootcamp will be held Aug. 23-28 in Cambridge, Massachusetts, U.S.A.
African Diaspora: More Women Own Businesses Than Men In Minnesota
More women own businesses than men in the U.S.-African immigrant communities of Minneapolis–Saint Paul, however, women say they have fewer financial assets than men, according to a new study. The Twin Cities are home to thousands of immigrants and refugees, many of them from Cameroon, Eritrea, Ethiopia, Liberia, Nigeria and Somalia, MinnPost reports. Many arrived in the northern U.S. area fleeing civil war
8 THINGS YOU SHOULD AVOID IF YOU PLAN TO REMAIN SUCCESSFUL
Having a to-do-list will ensure huge returns in terms of personal well-being, productivity and better relationships. However there are certain things you should make a conscious effort to avoid in order to be successful. Contributing Editor Inc. Magazine and LinkedIn Influencer, Jeff Haden highlighted eight things you should promise yourself you avoid every day in
Hong Kong firm wants to give African start-ups access to Asian market
Hong Kong-based start-up accelerator, Nest Investments, is seeking to invest in globally scalable African technology start-ups. Nest has invested in dozens of start-ups in Asia, the US and Europe. With its Nairobi office, Nest becomes the first Hong Kong-based venture capital firm to set up in Africa. Aaron Fu, the Africa managing partner for Nest,
American investor shares experiences working with African entrepreneurs
The entrepreneurial landscape in Africa is changing rapidly with more young people going into business, motivated by a growing sense of afro-optimism and the desire to solve decades-long challenges with new technologies. Incubation hubs have sprung up across the continent and more foreign investors are backing local start-ups. But it is still hard to be
NIGERIA MAY BE UNINTENTIONALLY CRIMINALIZING CASH USAGE
Since the start of July, Nigerians have been fined for using cash. This is the latest in a series of aggressive strategies employed by the Central Bank of Nigeria (CBN) to enforce patronage of the cashless policy initiated under the regime of the former Governor Lamido Sanusi Lamido three years ago. On January 1, 2012, the CBN
World Bank Group Recruitment Drive for African Nationals
The World Bank Group is launching a recruitment drive aimed at increasing the number of Sub Saharan Africans in its work force. This commitment to hire Sub Saharan Africans reflects the Bank Group’s senior leadership commitment for a diverse workforce in which African nationals can play a key role in fighting poverty and increasing shared
Top 5 reasons why Nigerians (should) prefer PayPal
The launch of PayPal in Nigeria in mid-2014 introduced a more secure way to transact, in a simpler and more flexible manner across borders; opening up a world of shopping possibilities for Nigerian consumers. PayPal gives people better ways to connect to their money and to each other, helping them pay online without sharing financial
The most attractive niche markets in Africa
The overwhelming narrative of ‘Africa Rising’ is size: big continent, lots of people, plenty of growth. But size presents its own challenges. Sometimes small is good. Nigeria will have more than 300 million consumers by 2030 and may be among the ten largest economies in the world by 2050. But it comes with complications and reaching