Category Archives: Business

HOW Fiverr Helps you Make Money Online

Today, more and more people are making money online — and Fiverr is a platform that helps them do it. Check out this guide to see if Fiverr is right for you.
Do you have a skill that other people may find valuable? Chances are you can make money from it on Fiverr.

Fiverr started with a simple concept: offer a service — or Gig — and get $5 each time you do it for someone. These days, Gig sellers can make a lot more than just $5. If you decide to offer your skills on Fiverr, you could start making a decent side income for yourself.

Converting Cassava To Ethanol

In Cross River State, an innovator Emmanuel Ntiti has fabricated machines that convert cassava to ethanol, writes Daniel Essiet.

The machines for processing cassava into ethanol are scarce and expensive.

But there is good news for farmers and producers. A Cross River State-based innovator and fabricator, Emmanuel Ntiti, has developed machines for processing cassava into ethanol.

Atiku: I Started Business in 1971 as Transporter

Former Vice President of Nigeria Atiku Abubakar for the first time said he started business as a transporter in 1971, while he was in the full employment of the Nigerian Customs, working at Idi-Iroko border.

The former Vice President made the fresh revelation after receiving the Honourary Achiever Award, at the Africa’s Youth Entrepreneurs Conference and Award titled “A Stand With The Giants”, at InterContinental Hotel in Lagos on Thursday night.

Fairly Used Power Generators For Sale In Lagos At Affordable Price

Having Regular Electric power supply is very important to the success of every business and achieving comfort in our homes in Nigeria.

The price of a new power generator right now makes it unaffordable for an average home or business, hence I will like to introduce reliable efficient and affordable power generators to you.

‘Moi-moi’ Business Takes Nigerian to the US White House -See Details

Ayodeji Mebope runs a catering outfit called No Left Over Nigeria plc which she started with an initial capital of N1,000 by selling moin-moin (bean cake).

She was trained as a confidential secretary, and worked in Corona Primary School for about nine years and on her resignation from Corona, she had the intention of starting a playgroup and not a catering outfit. To actualize this, she enrolled in a six-month Montessori programme. But at the end of the period, she lost interest in pursuing the ambition.

Registration for Sachet Water now N15,500 as NAFDAC reduces Rates for MSMEs

The National Agency for Food, Drugs Administration and Control (NAFDAC) said it has reduced by 50 percent registration tariffs for Micro, Small and Medium Entreprises (MSMEs) only.
Speaking at the interactive forum organised by NAFDAC for stakeholders in Kaduna, the acting Director General of the agency, Ademola Magbojuri said the measure was aimed at promoting MSME as well as ease of doing businesses in the country.

4 Interesting Reasons Why Small Businesses Fail

4 Interesting Reasons Why Small Businesses Fail

It is probably already common knowledge that entrepreneurship is not for the faint-hearted. There is a lot of blood, sweat and tears involved as well as a lot of planning, analysis, tact and doggedness. Additionally, to achieve entrepreneurial success, there also needs to be knowledge of some vital aspects to pay acute attention to and oversea meticulously. Jumia Travel, the leading online travel agency, shares 4 interesting reasons why small businesses fail.

General Electric states condition for investing in DisCos

The Management of General Electric (GE) has set a fresh condition for it to invest in the Electricity Distribution Companies (DisCos).

The power giant is insisting on a sovereign guarantee from the Federal Governemnt.

The request came at the meeting the GE officials had with the DisCos in Abuja yesterday. GE was said to have been shocked by what it discovered in the books of the power sector.

The Executive Director, Association of Nigerian Electricity Distributors (ANED), Mr Sunday Oduntola, told reporters during the Electricity Policy Education in Abuja that operators needed funding for the sector to bridge the liquidity gap.

The theme of the workshop was: Challenges of the Nigerian Power Sector.

The only way the GE can stake its money in the sector, according to Oduntola, is for the Federal Government to give a sovereign guarantee in case of any infraction.

He said: “As at yesterday, we had a meeting with the team of people from the GE. The Head of GE had a meeting with ANED. He asked to see our balance sheets. As soon as he saw the balance sheets, he said No! No! He said if the government can provide what is called sovereign guarantee, yes!

“In the case of GE, it happened yesterday. They wanted to know how the sector is doing in terms of doing business. So they are trying to see how they can come in. They have a lot of money to invest. They wanted to know the challenges like the issue of metering, network and others.”

According to him, the meeting is an ongoing discussion because “they have the money and we need more foreign investors to come in.”

Oduntola also noted that Nigeria was not conducive for investment even when the power sector was privatised as security of investment always means the sanity of contract.

He said the business environment in the country is so difficult to the extent that only two out of the DisCos can conveniently pay their workers’ salaries as when due.

Arguing that the DisCos have injected funds into their business since 2013, he said they have installed a total of 612,552 meters.

He insisted that the major constraint to investment in the sector is lack of cost reflective tariff since there has been embargo on tariff increase since 2015.

Oduntola recalled that part of the $1.4billion paid for the Power Holding Company of Nigeria (PHCN) assets was used to pay off workers.

The ANED spokesman commended the administration of President Muhammadu Buhari, which he said has been more faithful to the development of the power sector than the previous ones.

He said the reason why some DisCos sometimes reject their load allocation, is when the Transmission Company of Nigeria (TCN) evacuates it where there are no equipment to cope with it.

He added that the DisCos also reject load allocation when it is wheeled to location that is permeated with electricity theft, yet does not pay for power.

“It is true that sometimes we reject load allocation. I have the right to tell you where I want my light,” he said.

He condemned corrupt practices in the electricity market which he said are the handiwork of both staff of the companies and their customers.

Confirming that the Federal Executive Council has approved the payment of N26billion as the verified Ministries, Departments and Agencies (MDAs) debt, he noted that the Minister of Power, Works and Housing, Babatunde Fashola directed that the money be paid as part of the debt that the DisCos are owing Nigeria Electricity Bulk Trading Company (NBET).

In other words, he said none of the DisCos received the cash from the federal government.