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BUSINESS

$16m Debt; Court Freezes Stella Oduah’s Accounts

Stella Oduah

The Federal High Court in Lagos on Wednesday restrained Senator Stella Oduah, along with Sea Petroleum and Gas Company Limited and its directors, from making any withdrawals from the account of the company. The order is in connection with an issue before the court of their indebtedness of over $16.4 million …

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China grants Trump a trademark after a decade

Donald Trump

The Chinese government has granted President Trump and his business something they had been seeking for more than a decade: trademark protection for the use of the Trump name in the construction industry. Trump fought unsuccessfully in Chinese courts for years to try to gain control of the trademark, but …

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FG set to relaunch repackaged YouWiN

YouWiN

The Federal government is set to launch a re-designed Youth Enterprise With Innovation in Nigeria, YouWiN programme, the Finance ministry said Thursday. The YouWin programme, initiated by the administration of former president Goodluck Jonathan in 2011 as part of the government’s job creation initiatives, provides grants to Nigerians to start small …

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Nigeria to expand treasury single account coverage – Minister

Kemi-Adeosun, Finance Minister

The Minister of Finance, Kemi Adeosun, on Tuesday said the Federal Government was determined to expand the coverage of the Treasury Single Account (TSA) to cover more agencies in 2017. Speaking in Abuja at the opening of a two-day retreat on the TSA, the Minister, who described the implementation of …

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AMCON Takes Over OAS Helicopters

OAS helicopter

Just five days after the takeover of Arik Air by the Asset Management Corporation of Nigeria (AMCON), the company has taken over one of the leading helicopters companies in Nigeria, Odengene Air-Shuttle Services Limited (AOS). The takeover followed a court injunction obtained by the company. A source close to the …

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Islamic banking in Nigeria

Islamic banking in Nigeria. Products and Challenges in Nigeria

In January 2012, the Central Bank of Nigeria granted Jaiz Bank an approval in principle to operate as a regional interest-free bank in northern Nigeria.  As a result of that, Jaiz bank became the first and the only full-fledged Islamic banking in Nigeria.  Islamic banking is based on the principles …

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Does Your Small Business Really Need a Marketing Plan?

There’s no use in denying it — marketing is a critical component of a small business’ success but Does Your Small Business Really Need a Marketing Plan? The challenge is that so many small business owners have no idea what it takes to make marketing work for them. They are experts …

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Building a Live-Video Streaming Studio Is Not as Expensive as You Think

  I’ve known for some time now that I need to do more video. The cost and time required, however, kept me away from the medium. Besides, I could always justify my delay with the longstanding conventional wisdom: Brands should operate like publishers. My priorities truly started to shift a few months …

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5 Rules of Marketing That Will Help You Find the Right Niche and Thrive

In 2016 the internet is filled to brimming with white papers and ebooks on how to create an optimal landing page, set up an inbound marketing funnel, map out an email nurturing campaign, etc. But we don’t often hear clients asking about the basics of marketing. It’s almost as if, …

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Nairobi’s Uber for Buses

Magic Bus Ticketing is an offline ticketing system that makes use of SMS and USSD services to allow commuters to interact with bus drivers in African cities and access relevant information regarding the local public transport. By dialing a shortcode on their mobile phones, users are able to see when the next bus is …

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What it’s like to be a small business in Nigeria

kehinde oyeleye

When Oyeleke started Seedvest in 2002, he’d had a successful accounting career with stints at the corporate finance division of Arthur Andersen, PwC in New York, and Capital Alliance, a private equity firm in Nigeria. It was while at the private equity firm that he became aware of the funding gap …

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FG appoints transaction adviser for proposed national air carrier

ABUJA—The federal government has appointed a transaction adviser for the new national carrier billed to take off in the next 12 months. The government also approved additional N1.57 billion for rehabilitation of local and international wings of Port Harcourt International Airport, even as it made trapped $300 million available to …

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