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2017-01-06T02:31:00.001-08:00

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2017-01-05T12:24:00.001-08:00

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2017-01-05T10:40:00.001-08:00

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2017-01-04T13:14:00.000-08:00

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2017-01-04T11:53:00.001-08:00

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2017-01-04T10:34:00.001-08:00

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2017-01-04T09:39:00.000-08:00

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2017-01-04T09:35:00.000-08:00

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Dangote Knocks Down Cement Prices By 40%

2014-11-03T07:12:00.001-08:00

The first and potentially a game changing salvo was fired last night in a new cement price war, when Dangote Cement Group crashed its price for the 50kg bag to just N1,000.Industry watchers say this should bring relief to builders and force the hand of the competition similarly downwards.
Devakumar Edwin, Dangote Cement’s group managing director said yesterday, that the company has pegged its 32.5 cement grade at N1,000 per 50 kg bag, while the higher 42.5 grade is to sell for N1,150 per bag.Cement prices were last in that range around 2005.

The new prices, exclusive of the Value Added Tax (VAT), represent a drop of about 40 percent on the prevailing market price of the product which currently goes for about N1,700 irrespective of the grade, across the country.Edwin said the price slash underscores the company’s commitment to support the development of infrastructure around Nigeria and boost ongoing efforts by the federal and state governments to reduce the near 20 million housing deficit in Africa’s largest economy.

Industry watchers say the price slash is enabled by economies of scale, arising from increased capacity, and add that it should see demand and the margins of the manufacturers marking up...Read More

Nigerians account for 60% Dubai apartment sales

2014-10-31T05:39:00.000-07:00

A steady shift from the development of residential to hotel apartments in Dubai, riding on the back of the huge tourist and business traffic, is likewise seeing a significant paradigm shift in the investment portfolio of Nigerian property investors who today account for 60 percent of hotel apartment purchases in the burgeoning Dubai hospitality market.

During the property market boom which suffered a crash in the world economic recession of late 2008 to 2010, Nigerian investors accounted for well over 40 percent of Dubai’s residential market, such that a significant number of houses on Palm Jumaireh—one of Dubai’s exclusive locations—belong to Nigerian home buyers.

Investing in hotel apartments in Dubai is fast becoming a new investment lifestyle, particularly for Nigerians and Arabs, and this, according to close watchers of the market, is driven by the United Arab Emirate’s (UAE’s) duty free environment and increasing demand for hotel rooms and apartments in the city touted as the cynosure of the Arab world...Read More

Arik Named Best Airline in West Africa

2014-10-31T05:16:00.000-07:00

Arik Air has been awarded the best airline in West Africa at the annual Akwaaba African Travel Market awards/dinner held at the Eko Hotels and Suites, Lagos on Sunday.The organisers of the award said the process leading to the choice of Arik Air as the best airline in West Africa was painstaking and the airline has become a pride to Nigerians.

The award was presented by Senator Florence Ita-Giwa to Arik Air’s Senior Vice President Finance, Rajan Nambiar.It was a convergence of stakeholders in the African travel and tourism sector as Akwaaba has become the most important travel marketing platform in the region drawing 7,000 to 10,000 visitors from over 20 countries...Read More

Nigeria up in global doing business ranking

2014-10-30T08:08:00.003-07:00

Africa’s largest economy, Nigeria, made further improvement in the World Bank ease of doing business global ranking which has seen the country move up five places in the last one year.
The World Bank analysis showed it is getting better to do business in emerging markets, as Nigeria jumped to 170 out of a total of 189 counties measured in the ease of doing business survey.

The report finds that Nigeria now ranks among the top five economies in Sub-Saharan Africa in two areas: the ease of getting credit and the strength of minority investor protection. Also some improvement was recorded in the process of starting up a business.

“The latest World Bank doing business global ranking which indicated Nigeria’s appreciable progress with regard to the ease and speed of doing business is encouraging and laudable. The report showed that Nigeria recorded remarkable...Read More

Facebook CEO Reveals His Grand Vision For The Next 10 Years

2014-10-29T08:07:00.000-07:00

Facebook's CFO Dave Wehner and CEO Mark Zuckerberg both said that next year, Facebook will be making a series of aggressive talent and ad tech investments that will set it up for a successful future. But that could mean Facebook's expenses will increase 50%–70%.

Zuckerberg also outlined his three-, five-, and 10-year plan for the company.In summary, he wants to have multiple Facebook products — WhatsApp, Messenger, Search, Video, NewsFeed, Oculus, and Instagram — each connect 1 billion users... Read More

20 Inspirational Quotes From The Richest Africans

2014-10-29T07:31:00.000-07:00

One stop on the road to attaining a billion-dollar fortune is to seek advice at the feet of those who have already attained it. And while it might be difficult to get face time with some of Africa’s richest people, you can learn a lot from their words of wisdom.
In the spirit of self-motivation, here are 20 inspirational quotes from a few members of Forbes’ list of 50 Richest Africans:

If you don’t have ambition, you shouldn’t be alive. – Aliko Dangote
Every morning when I wake up, I make up my mind to solve as many problems, before retiring home. – Aliko Dangote
As you start out in life, it is important that you know at least something about everything, but as you get older it is important that you know everything about something. – Johann Rupert
The harder you work, the luckier you get. – Mike Adenuga
In Life, you don’t get anywhere or do anything you hope to without some sort of sacrifice. – Stephen Saad
I think there are a lot of people with family connections but who are actually nowhere. If you are hardworking and determined, you will make it and that’s the bottom line. I don’t believe in an easy way through. – Isabel Dos Santos
One has to set high standards… I can never be happy with mediocre performance. – Patrice Motsepe
Money is not my objective. – Desmond Sacco
I own quite a lot and I have worked very hard for it. – Sudhir Ruparelia
In today’s world, paradoxically, it is the boldest action that is often the safest. Remaining where you are in a world that is changing so rapidly is in fact the most dangerous of all places to be in. – Hakeem Belo- Osagie
Failure is a good thing – Hakeem Belo-Osagie
It’s essential to draw up a “things to do” list on a daily basis and set priorities in executing them, making sure that any unfinished task get posted to the next day’s list. – Folorunsho Alakija...Read More

Nigeria new automotive policy to open up more opportunities in import business

2014-10-28T07:52:00.000-07:00

The federal Government Nigeria new automotive policy is expected to cause a paradigm shift from the trend of importing fully built new vehicles to the importation of newly built automobile components (spare parts) for the utilisation of the assembly plants that are springing up in the country, analysts have said.

This development, they said, is likely going to shape the growth and content of Nigeria’s containerised imports in 2015 as the automobile spare parts are expected to come into the nation’s seaport packed in container boxes.

Investigation reveals that since the increase in the duty and levy paid on imported new vehicles from 20 percent to 70 percent by the Federal Government, Nigeria’s automotive market has started witnessing a systematic drop in the volume of imported new vehicles.

However, this development is also opening up new market opportunities and frontiers for importers, auto dealers, shipping companies and the entire business community...Read More

Nigeria MTN and Etisalat to split voice, data service with new spectrum

2014-10-28T07:19:00.000-07:00

MTN, Nigeria’s biggest telecommunications network, and Etisalat, the country’s fastest growing mobile operator are, in a strategic move, planning to seperate their voice and data businesses on the back of the proposed acquisition of 2.6GHz spectrum resource next year, industry insiders say.

This move, the insiders explained, would help improve network performance and efficiency as mobile operators look to meet rising customer expectations for better service delivery and generate more revenue...Read More

Mba: Nigeria Lacks Adequate Funding for Digital Switchover

2014-10-27T12:46:00.001-07:00

Director General of NBC, Mr. Emeka Mba in this interview with Emma Okonji in Cannes, France, spoke on Nigeria’s preparedness for the digital switchover, but expressed the fears that inadequate funding may hamper the June 2015 target Read More...

Google CEO Larry Page Explains Why He's Reorganizing The Company

2014-10-27T12:29:00.002-07:00

Google founder and CEO Larry Page considers the company a teenager, but he want to make sure that it stays innovative even as it creeps into adulthood. Read More...

Nigeria Broadcast Digitization:NBC Sets aside 200 BIllion Naira intervention Fund

2014-10-23T07:45:00.000-07:00

Nigeria National Broadcasting Commission (NBC) has announced 200 billion naira intervention fund to assist broadcast stations in Nigeria.This is coming as the June 2015 deadline for the switch over from analogue to digital transmission draws near.Prof. Herbert Onye Orji - Chairman ,NBC board- stated this on Tuesday,October 21 in Abuja during the opening ceremony of the 10th Biennial Africa Broadcasters exhibition (AFRICAST 2014) organised by the commission

He said preparation towards making the fund available had reach advanced stage and that
the commission would technically study the management of the fund.On the aim of the fund, he said:"It will provide grants in capacity building in form of soft loans to television, radio, cable and other producers, distributors and other acquirers of contents,"

ThisDay reports that NBC would hire a world class consulting firm to collaborate with its development partners abroad on modalities to raise the fund.

Hyundai unveils Nigeria-assembled Grand i10 cars

2014-10-22T07:54:00.000-07:00

Stallion Motors has introduced another Nigeria-assembled vehicle to the market. This time it is its locally assembled Hyundai model, Hyundai Grand i10. The Hyundai Grand i10, according to Stallion, is an elegantly designed family sedan that comes in two variants with five-speed manual and four-speed automatic transmission powered by 1.25 Kappa Dual VTVT engine, respectively.
The vehicle is built for people looking for exceptionally low weight cars that maximize fuel consumption.

A feature–packed Hyundai Grand responds to every expectation with
alluring cabin colour, textures and shape that lend it a sport appeal that could easily make any large car envious.Stallion said the Hyundai Grand had been crafted to meet high degree of needs.The Punch reports that,the Hyundai Grand had been crafted to meet high degree of needs.

Nigeria Power transmission network requires 160 billion naira annual investment

2014-10-21T07:34:00.000-07:00

Nigeria Minister of Power, Prof. Chinedu Nebo, said on Monday(October 20th,2014) that 160 billion naira investment was required annually to achieve improvement in power transmission network. Nebo said this at the Nigeria Society of Engineers (NSE) Expert Group Meeting, in Abuja, on Developing Infrastructural Ranking and Scorecard Road-map.

The Minister said vandalism and obsolete infrastructure were some of the major hindrances to

effective power transmission network development in Nigeria and that the Transmission infrastructure is out-of-date and many of the equipment are in poor condition due to neglect in the NEPA/PHCN era.He also stated that "It is expected that the transmission network will require a minimum investment of one billion dollars (about 160 billion naira) a year over the next few years to meet current demands and position itself towards global competitiveness."

BusinessDay reported that the minister announced that the Transmission Company of Nigeria (TCN) was discussing with a number of potential investors towards building a solid transmission network for the country.

How Decision Making Changes Life and Business

2014-09-27T04:17:00.003-07:00

Your decisions today determine where and how your life will be tomorrow.That's why it's so important for each of us to make the right decisions on how to live now and in the years to come.To do this,you need a completely trained mind and this is where Tony Robbins massage comes in. Click to Watch Video

How to Get Useful Small Business Ideas now.

2013-10-28T03:15:00.003-07:00

Image from http://www.autospeed.com

I think everyone has ideas. We all have hobbies. There is no idea that can make you become a successful entrepreneur. But you can make some ideas successful.

In One Simple Idea for Startups and Entrepreneur its amazing how some of us turn hobbies into business and make it successful while others just wish they have good ideas that can make their "dreams come through".Ideas are nothing more than ideas.

If ideas are nothing more than ideas, what determines the success of an idea?In his book-A Technique for Producing Ideas- James Webb Young said "An idea is nothing more nor less than a new combination of old elements".

He went further to state that,"the capacity to bring old elements into new combinations depends largely on the ability to see relationships".Note here again that the ability to work an idea into success is a major factor. The major determinant of the success of your idea is you. Yes,it all starts with you. You've got to strategically and consistently put your ideas to action.

Andy Boynton, the co-author of The Idea Hunter said it best when he said: "Your ideas are worth little unless they're in motion,shifting in response to fresh data and conversation,evolving through stages reflection and prototyping".

How to Get Useful Small Business Ideas Now

There are various ways to get useful small business ideas.But I'll list three major ways. You can find useful business ideas when you:

(1) Read newspapers and magazines: Newspapers,around the world today,are filled with more news about problems than solutions.And business is simply all about finding unique way to render service to others in a profitable manner.

Eli Broad agrees with this when he said:"There is no substitute for knowledge.To this day,I read three newspapers a day.It is impossible to read a paper without being expose to ideas".

(2) Read Books: You can get great and usable business ideas from reading books.You don't even need to buy all the books.You just need to develop the habit of reading,starting with the books in your local library.There is an old proverbs that,"there is nothing new under the son"

Whatever it is you are good at or you are trying to do,I believe someone has done a similar thing and written a book on it.Just search,ideas will come.In every aspect of human life,be it family,business or relationships,there are books on them.Like Gary D. Schmidt wrote:"Books can ignite fire in your mind,because they carry ideas for kindling,and art for matches".

(3) Pay attention to opportunities in everyday life:The world around you is full of ideas if you can just pay close attention to what is happening around you.Bern Williams once said:"Ideas are like wandering sons.They show up when you least expect them".

The idea for Disneyland Magic Kingdom was born on a family vacation by Walt Disney in Tivoli Garden,one of europe's oldest amusement parks.

So,you now have the three major ways you can get useful business ideas-newspapers and magazines,books and everyday life.However,
Business ideas,I believe, are like seeds. It does not matter how strong and healthy the seeds are,if you do not plant your seeds correctly and nurture them - providing proper care and maintenance -,they will not blossom.

This article was written by Felix Ibizugbe ,a freelance writer,Personal Development and Small Business Content Creator. You can contact the writer if you need a Writing services : Email: felibizmedia@gmail.com or visit www.felibizmedia.com