Category Archives: Business News

“Entrepreneurs: Create processes to protect you and your startup”- Jumia Travel MD

The managing director of Jumia Travel Nigeria, Omolara Adagunodo has said creating processes that will protect a business and its owners is one of the crucial ingredients necessary for the survival of a start-up.

Adagunodo made this remark during a fireside chat on the opportunities and challenges of running an e-commerce business in Nigeria at the just concluded CEO Apprentice Africa programme organised by the digital arm of Business Day tabloid.

The Business Day CEO Apprentice boot camp focuses on equipping teenagers; ages 15 and up with the skills required to set up a business. The program features the use of the latest technology in training, including the use of a workbook, which becomes a functional business plan, teaches young entrepreneurs how to come up with a business idea, how to structure their company, how to price their products, product testing and market validation, customer segmentation, competitor analysis and go to market strategies.

Dangote Cement Plc Gives Away N500m Cement To Retailers In New Bonanza

It was exciting moments for retailers of Dangote Cement as the management of Dangote Cement Plc at the weekend redeemed the prizes won by the customers and splashed them with thousands of cement bags and branded containers worth N480 million in the on-going Dangote Cement Retailers Bonanza, season two.

No less than 10 retailers who have emerged as star winners from the Company’s West region claimed their prizes at the weekend with some going home with 1200 bags of cement with 40 ft container and others winning 600 bags with 20 ft containers.

Amid pomp and pageantry, members of the Company management moved from locations to locations in a carnival like procession to deliver the products and containers to each of the winners at their business locations, mostly markets to the surprise of many other traders.

Cross River State Enters N3bn Contract For Modern Rice Mill, N500m For Banana Plantation

Calabar – Cross River State Government of Nigeria has entered into a number of contracts as part of the aims towards leveraging on the agricultural potentials of the state. The contracts included a N3billion worth for a modern rice mill in Ogoja Local Government area of the state to be handled by A. A. Universal Nigeria Limited and N500million contract worth awarded to a Mexican company, Sancalos, handling the Banana plantation project covering about 20 hectares of land in Odukpani Local Government Area.

Prof. Anthony Eneji, Commissioner for Agriculture, made the disclosure in his office during an interview with our correspondent.

He also informed that over 200 hectares of land in Yala Local Government Area was equally cultivated in a government effort partnering with Arewa Farms.

CAC Delists 44,000 Companies From Database – Check List Here

About 44,000 companies have so far been delisted from the database of the Corporate Affairs Commission (CAC), while 1.5 million companies have been registered, the Economic Confidential has reported.

The Registrar General of the CAC, Bello Mahmud, who disclosed this in an interview with the Economic Confidential in Abuja, said the development was sequel to several breaches of the Companies and Allied Matters Act (CAMA) and other extant regulations of the commission, notably, late and outright refusal to file returns.

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