Lost and not found? When money in your savings accounts grows wings who is to be held responsible?
A combination of cashless policy, mobile phone penetration and internet affordability has led to an increase in Fintech companies in Nigeria, ranging from savings, insurance to crowdfunding platforms. According to a Nairametrics report published in 2020, Nigeria’s Fintech landscape consists of 210-250 companies with revenues expected to reach $543m in 2022 up from $153.1m in […]
Read MoreFUNDING INFORMATION ALERT!
Hey, startups, trying to raise money, but don’t have great VC connections? Here’s a carousel of investor forms you can fill out to get access without a warm intro or funding challenge! 1. https://airtable.com/shrhaAMLB7IP8tv0f Participating Venture Capitalist: RareBreed VC Description: Rearbreed VC is always on the lookout for “RareBreed” Entrepreneurs 2. https://docs.google.com/forms/d/e/1FAIpQLSd46TLw7WeppbNcrMi7t5rZAAGQo4nGv_fcblKWfUEO-QSqlg/viewform Participating Venture Capitalist: […]
Read More2020 Q2 GDP DATA POINTS TOWARDS AN ECONOMIC RECESSION; HOW CAN STARTUPS NAVIGATE THROUGH THIS TRYING TIMES
Nigeria’s National Bureau of Statistics recently released 2020 Q2 GDP data. This data showed a contraction of 6.1% when compared with last year’s real GDP. This contraction is the steepest seen since 2004 and an end to three years of feeble but steady growth post the 2017 recession. The decline is mostly attributable to a […]
Read MoreGHOST KITCHENS – THE FUTURE OF RESTAURANTS
A business model that once seemed marginal before the coronavirus pandemic now looks like the future of restaurants. Just like fashion, electronics & gadgets, and cab services, the food delivery sector is one that is earning massive compensation as the workplace continues to become demanding with everyday increase stress due to heavy traffic. As of […]
Read MoreCAMA 2020; IS THE GOVERNMENT PROMOTING THE EASE OF DOING BUSINESS INITIATIVE OR, IS THE GOVERNMENT TRYING TO CAPTURE MORE BUSINESSES INTO THE TAX NET?
In a bid to address the ease of doing business initiative of the present administration, President Muhammadu Buhari, on Friday, August 7, 2020, signed into law an amended Companies and Allied Matters Act (CAMA). The new Companies Allied Matters Act CAMA 2020 is expected to enhance the ease of doing business in Nigeria. The new […]
Read MoreTHE RISING PUBLIC DEBT LEVEL IS KILLING SMEs IN NIGERIA
I’m no policy expert, but the African government has a default setting to result in Irresponsible public borrowing. This phenomenon has caused debt in many African countries to reach a crisis level. Between 2010 till date, more than $80 billion in bonds have been issued to thirsty European investors by governments in Africa south of […]
Read MoreCOVID-19 Teaches Us Demand, Supply And Pricing So Well
Remember how we were taught in secondary school that the market prices are controlled by the forces of demand and supply? Well, it is not far from the truth, as even the most profitable ventures with massive market share are bounded by the forces of demand and supply, and the outbreak of coronavirus (COVID-19) further […]
Read MoreCan an Internet Driven Computer Village Expand the Reach of the Market?
Traffic, the gridlock of people, colorful umbrellas, Phone and laptops repairers, Stacks of laptops, busy shops; these are landmarks that will inform you that you currently are in the middle of West Africa’s largest ICT hub. The Ikeja computer village popularly known as “Computer village,” houses over 3,000 Information Technology (IT) SMEs. In a technology […]
Read MoreThe $360 Million Dollar Problem Tomato Jos Is Currently Solving; And for which they just got a $4.2 million series A funding
Nigeria suffers huge tomato wastage caused by poor supply chain management. Despite producing 65% of tomato in west Africa, we are still the 3rd large importers of tomato in Africa Tomato Jos is an agro-processing venture whose mission is to fill the infrastructural gaps like the inefficiency of cross-country transport system and lack of storage […]
Read MoreThe New 80% Discount On NAFDAC Registration (2021 Updated)
Here’s everything you need to know about the 80% NAFDAC registration discount that has been making the rounds.
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