BrandArena : May 2017

Wednesday, 31 May 2017

Loya Milk Nurtures Swimming Talent Amongst Children

Calcium fortified Loya Milk; a premium brand from the stables of Promasidor Nigeria Limited last Saturday, held the second edition of the ‘Loya Swim Meet,’ a swimming competition for Secondary School students in Nigeria.

The Loya Swim Meet is part of Promasidor’s efforts at promoting and enhancing talents in swimming among children.

Following regulatory approval, Shell has completed the sale of its Australian aviation business (Shell Aviation Australia Pty Ltd) to Viva Energy Australia Pty Ltd (Viva Energy) for a total transaction value of approximately US$ 250 million, including working capital. This sale was announced on 19 December 2016.

Viva Energy is the exclusive licensee of all Shell branded fuels and lubricants in Australia. The Shell brand remains visible across the aviation refueling network in Australia and Viva Energy will continue supply to aviation customers as per existing agreements.

Fans of the Continental Basketball League were treated to an evening of basketball in all its glory at the just concluded All Star Games. On the 28th of May,the remodeled Teslim Balogun Stadium, Surulere, Lagos was packed full as the West All Stars and the Central All Stars entertained the excited fans.

The evening was kick-started with an electrifying performance from Big Brother Nigeria winner, Efe Ejeba who performed his hit song, Based on Logistics. Basketballs were flying during the Three-Point Shoot-Out, where most teams in the league were represented, with Jordin Mayes of Lagos City Stars emerging as the winner.

Just three months into the gig, White House Communications Director Mike Dubke has thrown in the towel. He cited personal reasons for stepping down from the job, in what is expected to be Step 1 in a major shake-up of President Donald Trump’s media message-massaging team.

Dubke began his term in mid-February, a few weeks into Trump’s term, and resigned May 18, but offered to stay through the Trump’s overseas trip, which the president accepted. The news was first reported by Axios.

The Lagos State Chapter of the Nigeria Institute of Public Relations has announced Mr. Lolu Akinwunmi as the keynote speaker at its thought leadership lecture entitled: Exemplary Leadership: Public Relations Art for Nation-State Building.

The thought leadership lecture, part of the Chapter’s contribution to the never-ending discourse on leadership and nation-building, will hold at the Agip Recital Hall, MUSON Centre on Wednesday May 31, 2017 by 10am.

Chain Reactions, Edelman Bolster PR Landscape With Trust Barometer Report

Edelman, the world’s largest global communications marketing firm with presence in 65 countries across the globe in partnership with its Nigeria’s Affiliate, Chain Reactions Nigeria has buoyed the public relations landscape in the country with the launch of the 2017 Edelman Trust Barometer Survey Report.

The public presentation of the survey report, which was the 17th edition of the annual global trust and credibility survey by Edelman, was launched for the first time in Nigeria, courtesy of Chain Reactions Nigeria, a leading vibrant Public Relations and Integrated Communications consulting firm. The event held at the prestigious Eko Hotel & Suites, Victoria Island, Lagos.

One of the amazons of advertising industry in Nigeria and the former president of the Association of Advertising Agencies of Nigeria (AAAN), Mrs. Bunmi Oke has resigned her appointment as Chief Operating Officer and Executive Director of 141Worldwide.

Mrs. Oke made this announcement while marking her 53th birthday with family and friends.

GROHE, the world’s leading provider of sanitary fittings and a global brand dedicated to providing innovative water products, has today announced the appointment of Ms. Renu Misra as the President of GROHE Middle East, Africa and East Mediterranean. With this appointment, Renu will represent GROHE Group’s interests across all three regions and will report directly to Michael Rauterkeus, CEO of Grohe AG.

Renu Misra joined GROHE in 2010 as CFO of GROHE India and was then promoted to CEO of GROHE India Business, leading sales in India and the subcontinent.

The National Education Collaboration Trust (NECT) has been held as a strategic partner for the upcoming Education Innovation Summit 2017, slated for the 31st of May 2017 at Radisson Blu Gautrain, Johannesburg.

The National Education Collaboration Trust (NECT) is an organization dedicated to strengthening partnerships within civil societies and between civil society and government in order to achieve South Africa's national goals for basic education. It strives both to support and to influence the reform of education.

Consummate experiential marketing professional and innovative thinker, Solabomi, is a rising star on the Nigerian experiential marketing firmament. She has over 15 years’ experience working with blue chips in sectors that include business services, digital printing solutions, telecommunications, marketing communications, financial services, foods and beverage sectors.

A seasoned business developer, brand builder, events manager, experiential marketer and quality audit specialist, Solabomi is a graduate of Psychology from the Obafemi Awolowo University, Ile-Ife, Nigeria. She also holds a Masters’ of Science degree in the same field from the University of Lagos, Nigeria.

The Dangote Group shone at the just concluded 2017 Gateway Trade fair which was held in Abeokuta, emerging as the second most patronised exhibitor, just as the Group disclosed that it was investing N10 billion dollars in rice cultivation in five states to boost food self-sufficiency.

To mark its Day at the Fair, a subsidiary of the Group, Dangote Cement, gave out several tools and implements to the block makers in Ogun State in appreciation of their patronages. Tools such as wheel barrowers, shovels, umbrellas and hand gloves were donated to block makers who assembled from different areas of the state.

The African Cycling Foundation, in partnership with The Bells Secondary School, is organizing a cycling competition for private secondary school students in Ogun State, tagged Ogun State Cycling Challenge (OSCC).

The competition is a platform for teenagers to exhibit their cycling skills and encourage more teens to take up regular cycling. This will enable them grow into fit, healthy and successful adults with longer life expectancy.

To celebrate the Year of Giving, Etihad Guest has launched a special Ramadan campaign with Emirates Red Crescent to provide thousands of meals to families and children in need in Somalia.

Members of Etihad Airways’ award-winning loyalty programme can donate their miles to the emergency response in the African country, with 750 Etihad Guest Miles providing one meal. The aim of the campaign is to achieve 15 million miles of donations which would provide 20,000 meals.

In a bid to expose the citizenry to financial literacy at a very early age in life, Heritage Bank Plc, Nigeria’s Most Innovative Banking Services Provider, has exposed children between the age bracket of five and seven years to banking services.

The programme, which is part of activities to mark the bank’s Children Banking Month, tagged: My Day as a Banker, was held at the corporate headquarters of the bank in Lagos recently with pupils from Hilltop Grade International School, Lekki, Lagos.

8 Nigerian Startups Make Top 20 Finalists For $500,000 Ecobank's Fintech Challenge

Eight Nigerian startups have been announced as part of the top 20 finalists of Ecobank Fintech Challenge, a competition for financial technology startups in Africa worth $500,000.

From the hundreds of received applications, 20 FinTech startups were selected from across the continent and they will feature in the Ecobank Fintech Fellowship programme.

Five Kenyan firms made the second highest number of nominees of the last 20 - Circle Group Savings and Investment, Greenshoe, MobiTill, TEAM SAFEPAY, and Shield Finance.

Airtel commended for role in uplifting underprivileged children

…As it celebrates children’s day with staff and pupils of Adopted schools

L-R: CSR Lead, Airtel Nigeria, Chioma Okolie; Head Teacher, Oremeji Primary School, Mrs. Adunni Animashaun; Ag. Head, Public Relations, Airtel Nigeria, Erhumu Bayagbon; Kausara Ajibola; Emmanuel Ameh; Ojewole Soliu and Uratuchukwu Chisom, all Basic 6 Students of Oremeji Primary School 2 during the celebration of Children's Day 2017 and presentation of educational materials to students ofOremeji Primary School 2, Ajegunle, Lagos on Wednesday, May 24, 2017

Students and Teachers in Airtel Nigeria’s adopted schools have commended the telco for its role in improving the quality of education in the country through its empowerment programme targeted at underprivileged children.

To commemorate the 2017 Children’s Day, the leading telco donated educational materials to students in public primary schools across Nigeria.

The donation exercise, which is under the auspices of the telco’s ‘Adopt-a-School’ initiative, held in primary schools in Lagos, Ogun, Imo, Cross River and Kwara States.

Procter and Gamble, a leading FMCG company in Nigeria, has partnered with the United Nations Educational, Scientific and Cultural Organization (UNESCO), a specialized agency of the United Nations to educate 50,000 Girls and Women on Information Communications Technology (ICTs) in Bauchi State.

The project tagged, School Meets the Learner Approach (SMLA) marks the beginning of the UNESCO new initiative to Education where ICT devices such as television, tablets and mobile phones are deployed to learners in their homes and workplaces to facilitate teaching and learning.

The 2017 Jumia Travel hospitality report on the African continent has identified terrorism as the biggest bane of the continent’s travel and tourism sector, and countries such as Nigeria, Kenya, Tunisia, Mali, Burkina Faso, Côte d’Ivoire and Egypt are the biggest victims.

According to the report which was presented to the media and major stakeholders in the travel industry recently in Lagos by the managing director of the company, Kushal Dutta, the terrorist attacks in these countries have impacted negatively on their tourism revenue.

(L-R) Chief Operating Officer, Fatgbems Petroleum Company Limited, Dare Adeola presenting a sample of Food items to the Acting Matron, Nigerian Red Cross Motherless and Abandoned Children Home, Taiwo Idowu to mark 2017 Children's Day celebration in Lagos on Saturday.

(L-R) Brand Manager, Fatgbems Petroleum Company Limited, Adeosun Azeez, Acting Matron, Nigerian Red Cross Motherless and Abandoned Children Home, Taiwo Idowu and Human Resources Assistant, Fatgbems Petroleum Company Limited, Fatimah Liasu at the Fatgbems Petroleum presentation of Food Items to Nigerian Red Cross Motherless and Abandoned Children Home to Mark 2017 Children's Day Celebration in Lagos on Saturday.

Dizayn/Adeem Adex Empowers Stakeholders With Pipe Installation Technology

Sequel to the promise it made during the introduction of the latest PPR pipes into the market in April 2017, Nigeria’s leading distributor of pipes and related products, Adeem Adex Nigeria limited has empowered over a hundred stakeholders in the building and construction industry with contemporary pipe laying and management technology. This was done in conjunction with its foreign technical partners Dizayn Group of Turkey. The special technical training session took place in Lagos.

L-R Ali Muhluoglu, Area Sales Manager, Dizayn Group; Adeniran Adekoya, MD/CEO Adeem Adex Ltd: Jimmy Ade Oshinubi,National President Association of Building Consultants and Artisans in Nigeria (who won a PPR Welding Machine at a raffle draw); ; Can Atikoglu, Director Export Market, Dizayn Group and Fatih Guler; Product Manager, Dizayn Group at a Technical Training Session for Artisans organised by Dizayn Group/Adeem Adex Ltd in Lagos.

Mr. Fatih Guler; Product Manager, Dizayn Group took the captive audience through the latest technology in pipes which is built to last over fifty years with zero tolerance level for leakages. The highly interactive technical session - which lasted over five hours - saw an elated audience eager to know more about the new technology. Unlike PVC pipes, the PPR pipes does not break on contact and it is easy to install with the appropriate equipment.

Africa is undeterred by the failures of the past and the continent is motivated by the incredible energy and talent of its bustling youthful population, according to Acting President Yemi Osinbajo, SAN.

Prof. Osinbajo spoke recently at the G7 Summit special outreach forum on Africa with selected African nations and leaders including Nigeria, Guinea, Tunisia, Niger, Ethiopia and Kenya.

According to him, "Africa is confident of the future because we have learnt,...we are investing more in education, insisting on good governance and holding ourselves to account."

Bitcoin is a type of digital currency created in 2009 by a software developer using the name Satoshi Nakamoto. Unlike dollars or euros, Bitcoins are not printed. Instead, computers "mine" them from a set number of Bitcoins.

Bitcoin is an innovative payment network and a new kind of money. Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system. With Bitcoin, you can be your own bank.

Most organisations around the world have not done enough to keep up with the digital era – and leadership is falling short, with many chief executives not yet fully engaged in the initiatives of digital transformation. African companies match their global peers in many measures of Digital IQ: just over half (52%) rate their organisation’s Digital IQ as strong – a score of 70% or greater. However, South African companies stand at risk, with less than half (47%) rating their organisation’s IQ over 70%.

These are some of the highlights from the 10th edition of PwC’s Global Digital IQ survey, with a focus on Africa. “Digital IQ has a different meaning today than it had when PwC started this research a decade ago. Tielman Botha, Digital Lead for PwC South Africa, says: “Today, the scope and scale of digital-driven change has grown significantly, and organisations have invested a lot of time and money to keep up.

Etihad Aviation Group (EAG) has recognised 11 university students from across the UAE at the inaugural Fikra awards ceremony, held at the company’s headquarters in Abu Dhabi.

Fikra, which means “idea” in Arabic, was launched in 2016, supporting the UAE government’s drive to encourage innovation among younger generations.

The students were encouraged to think innovatively and harness their entrepreneurial spirit to create ideas that could be implemented in businesses and entities across EAG.

4 Reasons Why Ladies Block Their Last Seen on Whatsapp

Whatsapp is a popular messaging app owned by Facebook. It has helped to a very large extent in bridging the communication gap among friends and persons who are dating. This said you must have observed that many girls block their last seen on the messaging platform. Have you ever wondered why? Well, Jumia Travel, the leading online travel agency shares reasons why ladies block their last seen.

To prevent fights

This is perhaps the main reason why girls block their WhatsApp last seen. They want to prevent fights with their boyfriends who have become detectives and make all sorts of assumptions, which are usually incorrect, based on the last seen. Hence, they prefer to block it.

Indomie Commemorates 2017 Children’s Day With Over 100,000 Kids

As part of activities marking the 2017 Children’s day celebration, Indomie Fan Club (IFC); Nigeria’s largest children based fan club has organised a fun-filled children’s party for over 100,000 school children across the country and also used the event to reward winners of the Indomie ‘Show Your Talent Competition’ which started in April.

L-R: Group Public Relations and Events Manager, Dufil Prima Foods Plc., Tope Ashiwaju; Coordinator, Indomie Fan Club, Faith Joshua, Head of Marketing Indomie, Manpreet Singh with children of Indomie Fan Club at the 2017 Indomie Children Day Celebration in Lagos.

One of this year’s celebrations held at the Apapa Amusement Park, Lagos State hosted over 10,000 thousand children from different schools within Lagos to a fanfare celebrations. Dufil Prima Foods Plc, makers of Nigeria’s number one instant noodles; Indomie gave an amazing treats to all the children present regardless of their social class as they all participated in various fun activities which include bumper car, carousel, the rockets, the pirates’ ship, the spinner, the tea cup, disco ride, and the air bicycle, all in a bid to deepen the social interactions.

Wifi.com.ng secures investment from Zeno Ventures

Tizeti Inc., owners of Wifi.com.ng, has reportedly secured an investment from venture capital firm, Zeno Ventures. Tizeti Inc. isa Menlo Park, CA and Lagos, Nigeria based startup that participated in the latest batch of Y Combinator.

Tizeti has developed a cost effective solution to provide reliable broadband internet services to densely populated urban centers in Africa. The company owns the last mile delivery network that routes internet connectivity from submarine cables to its customers’ locations through its collection of solar powered Wi-Fi towers in central Lagos. Tizeti’s consumer facing brand, Wifi.com.ng, offers unlimited data plans starting at $30 per month as well as hot spot services for short term use.

Many know entrepreneur Elon Musk as the inventor of the futuristic Tesla car; the founder of innovative online payment portal PayPal and the founder, CEO and lead designer of Space Exploration Technologies (SpaceX) – but did you know that he hails from local shores? Musk was born and bred in South Africa, which shows that we have fertile ground for breeding BIG thinkers.

The question remains: how do we inspire more of our graduates to achieve Elon-like innovation and Musk-like drive?

Women are very conscious of their appearance. This is why they can take all the time in the world to look good. However, your effort to slay may be futile because of some avoidable fashion flaws you make. So, instead of looking stylish and young; you appear haggard and older. You may not know but your friends will tell you and you won't get that disarming gaze from men. You don't have to worry. Jumia Travel, the leading online travel agency discloses fashion fails stylish women will never make.

Too tight or too loose
The best dress anyone can wear must be fitted. You won't be worried about your cloth giving way which can be quite embarrassing or it being too big.

In a bid to showcase the African heritage and provide easy access to elegant African articrafts, Ozoza lifestyle is set to launch its online store and pop-up shop for contemporary African – Inspired products on Sunday 28th May at the Moorhouse Hotel Ikoyi, Lagos by 11am – 5pm.

The launch which is aimed at showcasing beautiful African artifacts will feature an exhibition session for art Enthusiasts to further appreciate and buy available products manufactured by African designers.

Planet Earth Institute (PEI), an international charity dedicated to scientific and technological development in Africa, has launched a campaign with the hashtag #BigIdeasforAfrica asking anyone passionate about the continent to submit a short video of their #BigIdeasforAfrica and be in with a chance of winning some great prize.

The campaign is part of PEI ScienceAfrica UnConference event which will take place in 155 Bishopsgate, London EC2M 3YX on 20th July, 2017. The Institute will be welcoming to the event - over 250 people from business, academia, policy and civil society, all passionate about Africa, science, technology and innovation.

Following him appointment of former US star Andre Agassi as his new coach, men's tennis' world number two Novak Djokovic has been officially unveiled as a brand ambassador of French fashion brand and sportswear, Lacoste.

The Serbian tennis star will debut his new kit next week at the French Open, where he will be attempting to retain the title he won for the first time last year. The deal covers all of Djokovic's kit except for his shoes, with Adidas remaining in place as his official footwear provider.

To grow education in Africa we first need to inspire a love for learning - Sthe Shabangu

Significant strides in access to education have been made in sub-Saharan Africa. It's up to the private sector to keep the momentum going, says Sthe Shabangu, Lead: Public Relations, Public Affairs and Corporate Citizenship, Samsung Africa Office.

Sthembile Shabangu

The outlook for schooling in sub-Saharan Africa is more positive than it's ever been, with the region having experienced a dramatic increase in access to all levels of education. According to Caerus Capital's report, Business of education in Africa, sub-Saharan Africa has the best record of improvement of any region since the Millennium Development Goals were established in 2000.

Harrysong set to launch Alterplate Music Company

Former Five Star act, Harrison Tare Okiri popularly known as Harrysong has concluded plans to launch his own record label “Alterplate Music”.

According to the Nigerian singer, songwriter and instrumentalist, the label will be launched this Friday.

Nigeria’s first online travel company, Wakanow, has again reaffirmed its position as Nigeria’s most preferred booking portal following its recent recognition as Travelers’ Portal of the Year during the Beacon of ICT Awards held in Lagos.

According to Nigeria Communications Week, organizers of the annual awards, Wakanow was voted the travel portal of choice by over 1.3 million readers through an online poll conducted by the magazine, spanning over a period of five months. By virtue of the win, Wakanow also made history by becoming the first online travel company to win the award for the second year in a row.

Singaporean sportswear firm Mafro has struck deals with the Football Association of Zambia (FAZ) and Football Federation Kenya (FKF) to supply kit to the national football teams of both countries.

The FAZ announced a two year deal with Mafro Sports for an annual sum of US$200,000.

What happened to transparency?

By Simon Kolawolelive

Dr. Ibe Kachikwu, Nigeria's minister of state for petroleum resources

At the annual Nigerian jamboree to the Offshore Technology Conference (OTC) in Houston, Texas, Dr. Ibe Kachikwu, the minister of state for petroleum resources, told a “world press conference” on May 5, 2017 that Nigeria’s refineries would soon have new investors. He said 26 investors had indicated interest in the epileptic refineries. “By September, we will unveil the investors for the refineries,” the minister said smoothly, typically. “When we came onboard, the refineries were not working but as we speak, we have sizeable investment portfolio for them to an extent that we don’t know who to partner with for the investment.”

Let’s say I didn’t go to school at all. Or let’s say it was evening school that I attended. These would still be my takeaways from the minister’s proclamations: one, our refineries are now in a position to attract investment; two, 26 investors have indicated interest in taking over the refineries (on a repair, operate and maintain, ROM, agreement); three, we have not taken a decision yet because there are so many suitors to choose from; and four, we will announce the favoured investors by September. Without attending Harvard Business School, I would still conclude that it appeared the process was going to be competitive and transparent.

Andela has launched its operations in Uganda. This is the third operating country for the Zuckerberg-backed developer startup. Andela already has operations in Nigeria and Kenya. Andela trains software developers for 6 months and then deploys them to tech companies around the world that need their skills.

Andela says it chose Uganda after looking at every country in Africa with a population of 3M or more, and then evaluating those countries on a series of metrics including ICT (information and communications tech) prevalence, ICT quality, population, and median age.

Nokia is set to develop the 5G ecosystem with leading Japanese operator NTT DOCOMO, INC. in Japan to prepare for the upcoming introduction of the next generation wireless network. The collaboration - which uses the Intel 5G Mobile Trial Platform - will commence with the key interoperability testing of multi-vendor technology using the 4.5GHz frequency band.

5G will deliver high speeds and low latency in support of a new generation of broadband applications, meeting new requirements for connecting people and devices, especially in megacities such as Tokyo. Nokia will conduct trials of 5G technology with DOCOMO in the Tokyo metropolitan area throughout 2017, with particular focus on busy tourist, shopping and business locations as well as at key public events hosted by the operator.

PayPal has filed a trademark infringement lawsuit against Pandora, arguing that the company's minimalist logo "dilutes the distinctiveness" of its own branding. "Element by element and in overall impression, the similarities between the logos are striking, obvious, and patently unlawful," the lawsuit alleges.

Last year in October, Pandora donned a new look and launched a new logo that looked very familiar to anyone who’s ever used PayPal before. Now the online payment system is taking Pandora to court, accusing it of ripping off its iconic logo to ride on its popularity.

To further boost food production in Nigeria, the World Bank, under its Growth and Employment (GEM) has provided business support for Abakaliki rice- a company primarily focused on producing Abakaliki rice.

Under the arrangement, the World Bank provided financial support to Ainotrans Energy-the producers of Abakaliki rice to enable it engage the services of vendors that will aid in carrying out its marketing drive. The World Bank, under its Growth and Employment (GEM) project one of the economic empowerment initiatives of the present administration.

Bank Accounts: CAFON mobilises Nigerians against CBN's extortion, excessive charges

…To launch #CloseOneMillionBankAccountsIn2017 campaign

Ms Sola Salako

In view of the public outcry against CBN's directive to increase approved bank charges with effect from May 1 2017, Consumer Advocacy Foundation of Nigeria CAFON is set to launch another consumer protest tagged #CloseOneMillionBankAccountsIn2017.

The aimed is to mobilse Nigerian consumers to resist what it described as “excessive charges’’ by Nigerian banks. The Consumer Advocacy NGO initiated the #NoBankingDay protest on March 1, 2016, to draw national attention to bank consumers' dissatisfaction with excessive and illegal bank charges.

Godwin Benson's tutoring platform, Tuteria has emerged the winner of the Royal Academy of Engineering Africa Prize for Engineering Innovation with a cash prize of £25,000.

The Nigerian Systems Engineer designed Tuteria, an online platform that links students to qualified tutors in their area and within their budget. Users find the skill they want to learn on an app on their phone, set their budget, and wait to be connected to the nearest tutor.

Arsenal Reduce Ticket Prices After Missing Champions League

Arsenal have offered supporters a reduction in their season ticket prices after the club failed to qualify for the UEFA Champions League.

The Gunners ended the season in fifth place, their first finish outside the top four under Manger Arsene Wenger.

Abuja, the capital city of Nigeria, is one of the fastest growing cities in the world and one of the wealthiest cities in Africa; this makes it one of the best places to do business. Aside being one of the wealthiest and fastest growing cities, it’s also one of the safest and most conducive cities for business. Jumia Travel, the leading online travel agency, shares 5 lucrative business opportunities for you to take advantage of when in Abuja.

Interior Decoration

Interior Decoration is one of the trending business in Abuja mainly because there is a large number of existing hotels, residential buildings, offices and restaurants (and more to be developed) that are ever ready to hire interior decorators to designs their buildings to make it look classy.

Arsenal majority holder Stan Kroenke has maintained that his company KSE UK's shares in the club "are not, and never have been, for sale''.

In a statement to the Stock Exchange, Kroenke stressed his stance as Arsenal minority owner Alisher Usmanov, who currently owns 30 percent of the club, made a bid of $1.3 billion to acquire out Kroenke last week.

Heritage Bank Plc has entered into strategic partnership with Risk Management Association of Nigeria (RIMAN) to promote global best practices in the implementation of risk management for safer and stronger financial institution.

President of RIMAN, Mr Jude Monye, disclosed this at the first Chief Risk Officer’s time-out/dinner organised by RIMAN, recently.

A fantastic business remains an idea if pragmatic steps are not taken to bring it to fruition. A huge complaint, drawback or excuse many give is that there is no money to fund the startup or business idea. Unfortunately, many of these million naira ideas have died because of lack of funding. Jumia Travel, the leading online travel agency, agrees that funding is a major factor in business. However, it should not prevent you from going ahead. As a Nigerian, there are ways you can raise capital for your business. Read on to discover these ways.

Savings

Saving is one of the best ways to get money to start a business no matter the number of zeroes in front of your salary. If you have figured out the workability of your idea, you should save a certain percentage of your salary monthly.

Lagos State Government on Monday said the proposed N844 billion fourth mainland bridge projects contracted with investors for construction has been terminated due to continued delay in commencement.

The contractors that signed a Memorandum of Understanding for the 38 kilometer bridge and road project about a year ago include Visible Assets Limited, Africa financial corporation (AFC) and Access Bank Plc.

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