Category Archives: Business

Governor Ajimobi Shuts Down Obasanjo Farms, Banks, University Press, Others In Oyo State

Oyo State Government is not leaving any stone unturned in its aggressive tax drive as it has continued to shut down major business outfits that are defaulting in the payment of taxes.

Among the companies shut down today is Obasanjo Farms located at Oluyole Industrial Estate, Ibadan, which is owned by former Nigerian President, Chief Olusegun Obasanjo.

Dear Quick Service Restaurants (QSRs), Take Your Menu Online To Become A Sustainable Business

I read with keen interest a story published by New Telegraph newspaper on Monday September 17th 2018, with the headline, ‘Tantalizers: Operational Costs, Competition Cut Earnings’. The publication reported the financials of the company which were released a couple of days ago at its 20th Annual General Meeting (AGM). It is not surprising to read such news about how most companies’ balance sheets continue to remain in red, at least for a number of reasons: (1) Nigeria is not one of the easiest countries to run a profitable business year in, year out. It is possible, but difficult. You just have to find a smart strategy. (2) Finding qualified skills can be relentlessly difficult: mostly, under-qualified workers are more readily available and affordable than the right fits; finding a balance is key. (3) Infrastructure deficit still remains most businesses’ headwind: bad roads and epileptic power supply – the real killers of today’s businesses. (4) Insecurity in certain regions still hamper expansion plans: Boko Haram insurgency in the north; despite the enormous population in the north, no businesses are keen on setting up their operations or even expanding to the north. But, to be fair, Tantalizers isn’t the only company in Nigeria plagued with these sad realities. There are hundreds of them. Some stay afloat, with no sustainable impact, while others just die a natural death after years of fighting to stay alive. What a paradox!

See Nigeria Computer Science Graduate who Turned Cattle Rearer – Photo

Oluwafemi Solademi is a graduate of Olabisi Onabanjo University with a Bachelor’s degree in Computer Science.

He owns and rears eight cows with numerous sheep. He currently operates a private ranch at his Ibadan residence.

Governor El-Rufai Invites Chinese Experts To Revamp Textile Industries In Kaduna

As part of efforts to improve the economy of Kaduna State, Governor Nasir El-Rufai-led government has invited Chinese experts to see the possibility of revamping textile industries in the state.

The development according to the governor was aimed at ensuring productive investment that can increase the economic chances of the state especially now that there is decrease in federal allocation.

Cristiano Ronaldo To Open CR7 Hotel In Paris, His 6th Hotel In The World

The luxury accommodations will be the sixth outpost of the Juventus star’s chain, a co-venture with Portuguese group Pestana.

Cristiano Ronaldo has announced he will open the sixth edition of his “CR7” hotel chain in Paris in 2021.

Thai Woman Orders Designer Bag Online, But See What She Gets – Photo

A 25 year old Thai woman has gone to the police to complain she ordered a 37,000 baht second hand brand name bag online but got something else instead.

According to her, when she opened the package she got two plastic bottles with Kung Fu Panda on it.

Netherlands to support Nigerian entrepreneurs

The Deputy Ambassador, Netherlands Embassy, Lagos, Mr. Michel Deelen, has said his country is ready to support Nigeria to build the capacities of start-ups.

Speaking in Lagos, Deelen said his country had created an environment for start-ups to strive, having undertaken reforms to improve the investment climate and enhance policy clarity, consistency and predictability.

FrieslandCampina to stake €23m in local milk production

Royal FrieslandCampina has announced plans to invest €23 million in local milk production, as part of its Dairy Development Programme (DDP) in Nigeria, the company’s Global Chief Executive Officer, Hein Schumacher, has said.Schumacher stated at the weekend in Abuja, while he led FrieslandCampina delegation on a courtesy visit to Vice President Yemi Osinbajo, at the Presidential Villa.