Category Archives: Business

Axxela submits EIIJ Feasibility Study to NNPC

Axxela Limited , a Sub -Saharan Africa gas and power portfolio company, has completed and submitted a feasibility study to the Nigerian Gas Processing and Transportation Company ( NGPTC ) , a subsidiary of the Nigerian National Petroleum Company ( NNPC ) , to build a 510 Kilometre ELPS – Ibadan- Ilorin-Jebba ( EIIJ ) pipeline network across the Western and Central states of Nigeria .
The study was compiled by world -renowned US- based consultant agency, Worley Parsons , and supported by counterpart funding from the United States Trade and Development Authority ( USTDA) .
Speaking during the handover ceremony , Group Executive Director, NNPC and Chief Operating Officer Gas and Power , Saidu Mohammed, said the project has been defined a long time ago , which the company is willing to implement.
“ It ’ s key we don’ t lose sight of the low- hanging fruits , as we seek to provide gas to the country in keeping with the national plan, ” he said .
The proposed pipeline project was conceived as part of the Nigeria Gas Master Plan to improve power generation and distribution to major cities within Nigeria ’ s South -Western region. The pipeline is expected to commence in Ibadan, Oyo and run through the towns of Osogbo , Ogbomoso , Ilorin, Ado -Ekiti , and terminate in Jebba located in Kwara .
Chief Executive Officer , Axxela , Bolaji Osunsanya , said the impetus for power -driven initiatives is underscored by the significance of this project , and its impact and scope are parallel with the Federal Government ’ s aspirations to improve the power situation . Ultimately , major demand centers will require more electricity to cater to the growing power requirements of industrial and commercial clusters .

Dangote Has Expose the Secret of Business Success

Aliko Dangote, Africa’s richest man, has revealed the secret of his business success: self-sufficiency and backward integration, a manufacturing strategy that extracts value from entire processes.

“We are not going to import anything any longer,” Dangote said, in the presence of Vice-President Yemi Osinbajo, Congolese presidential hopeful Moise Katumbi, and about 300 business leaders.

He made the disclosure at the Financial Times’ 4th annual Africa Summit at Claridges in London.“In Nigeria, we are learning how to produce the entire value chain,” Dangote added.Once a heavy importer of fertiliser, Nigeria is now gearing up to produce 3M tonnes of locally manufactured fertiliser, transforming the nation into one of the largest fertiliser exporters in Africa.

In 2007, Nigeria was the second largest importer of cement after the US, Dangote reminded the audience of business elite.“Today, we have not only satisfied domestic needs; we have become a leading exporter of 6-7M tonnes of cement,” he added.

Diversifying into agriculture, Dangote has eyes on the dairy industry motivated by the fact that “98% of all milk consumed in Nigeria is imported.” Same for rice. Dangote Group has invested heavily in rice production by investing in local farmers and then offering to buy back the 1M tonnes at open market prices that they are growing.

“Soon we will be able to feed not only Nigeria but the entire 320M large West African market,” he said. Dangote’s business acumen was on rare exhibition as FT editor Lionel Barber seemed impressed with the business mogul’s quick familiarity with the nuts and bolts of his businesses.“Are we going to continue to import everything?” Dangote asked. “Freight rates are now cheap but they will go up soon. A population of over 200 million cannot continue to import basic needs on a daily basis,” he answered himself.

“In Africa, you have to play long-term.”Aside from Nigeria, which African nations do you think are good growth opportunities? Barber asked Dangote.“Aside from Nigeria?” the business leader repeated and smiled. “I’d have to pick Nigeria. I am a big fan of Nigeria. We are only using eight percent of our land.”

4 Tips To Effectively Build a Business Brand

Tips To Effectively Build a Business Brand

The importance of building a business brand can not be overemphasized, it really can be considered just as important as setting up the business itself. Jumia Travel, the leading online travel agency, shares 4 tips to help effectively build a business brand.

Define Your Brand

To build a great brand, you need to first define that brand, know what it means, what it stands for and what concept or idea you want to equate it with. To define your brand, you can start by writing down all characteristics that describe what you want the brand to be or represent, and the exact way you would like the brand to be perceived. Once you have the list, you can progressively fine-tune it to enhance your brand and make it stand out from competitors. In the end, the list should give a clear understanding of what your business is capable of doing, what it should be known for and how it should sell products and/or services without compromising its values.

4 Encourage Your Employees To Be Brand Ambassadors

There is no better way to build a brand than to have your employees as brand ambassadors. It is important for your employees to understand the business brand, know what it stands for and embody what the brand stands for. This is because your employees are likely going to be the ones having direct interactions with the customers or clients, and if these employees don’t fully grasp what your business brand is about or what it represents, the customers or clients are unlikely to do so as well. As a business, be sure to keep your employees ‘engaged and informed’ about your business brand, train them to understand the business brand and encourage them to support the brand message in their interactions with customers or clients, and even in their interactions with each other. You can them reward them for acting in the brand’s best interests by way of incentives.

Think of Your Brand as a Person

This will help significantly in brand communications and positioning. Thinking of your brand as a person will help to guide the methods and manner you communicate your brand to the general public, especially target customers. This is because seeing your brand as a person helps to give it a personality, and this personality will determine how your brand will behave in different situations. It also determines, based on that personality, how best to communicate with the general public, and helps develop beliefs, values and purposes that further define that brand and how it relates with the public and target customers.

Be Consistent

Consistency helps to reinforce the character of your brand. It makes your brand seem focused and less clumsy to the public, and further helps to clarify your offerings so customers know or have an idea of what exactly to expect from your business. Additionally, it helps to establish the authenticity of your brand and build trust in your brand. Creating a brand guide can help with brand consistency. A brand guide will help to establish guidelines for your brand and ultimately keep your entire business on the same page.

Five Key Things Investors Are Looking For In A Startup

It is a known fact that entrepreneurs bootstrap when starting out because of limited finance. This is one of the main reasons why less than 50% of them survive the first five years in the market. To take your startup to the next level, entrepreneurs are regularly searching for venture capitalist and investors to invest in their businesses. Of course, startup investors desire innovative companies to invest their monies. However, they won’t drop a dime if they do not see the following things highlighted by Jumia Travel, the leading online travel agency, in your startup.

Strong leadership teams

To secure startup investor funding, show that you have smart, strategic, and successful leaders. You must show the competency of both your company founders and leadership team. So, endeavour to leverage your leadership team’s professional experience for increased investor interest in your startup.

Clear ROI

Return on investment (ROI) is the time needed to recoup the initial expenses invested in a business. Most startups aim to achieve this within the first one year of operations, but in certain sectors, it takes considerably longer due to high entry costs and low-profit margins. Would-be investors are aware that quite a number of startups that receive venture funding are unable to immediately make returns. As such, they want to see some real evidence that within a particular period, they will begin to get these returns.

Consumer interest in your product

Investors want to know that your product has a future in the marketplace. So, the onus is on you to show them proof that it has a market niche of its own and consumers are interested in your product.

Transparency

Transparency is important to increase investor trust in your business. No startup investor wants to enter a deal when they do not feel like they have all the facts. Be open and honest about the state of your business, the challenges you are facing and how you plan to surmount them.

Growth potentials

Investors do not want a company that will be stagnant. They want to invest in startups that will thrive and eventually provide a return on their investment. Therefore, your business should be built with scalability and growth in mind.

Four shortlisted for NAFDAC top job – see list

Four candidates are on the radar of the Presidency for consideration as the director general of the National Agency for Food and Drug Administration and Control, NAFDAC.

Sources at the Presidency said yesterday that among the twelve candidates who indicated interest in the job, four have been shortlisted for screening.

Top on the list is the acting Director General, Mrs Yetunde Oni, who has been in the saddle since February, last year.

Others in contention are a Professor of Pharmacy, Mr Suleiman Abubakar; Mallam Umar Musa and Mr Shaba Mohammed, director, and deputy director respectively at the agency.

“Of the lot the odds are in favour of Mrs Oni, who trained as a chemist at first and master’s degree levels,” the source said.”

“In any case, the mood of the President is that the incumbent, who is also a foundation staff at the agency, must be allowed to continue after she ensured the turn-around of NAFDAC since last year,” the source argued.

There are indications that the Minister of Health, Prof Isaac Adewole, may be favourably disposed to the confirmation of Mrs Oni as the substantive director general on account of her strings of achievements since last year.

NNPC increases prices of Diesel, LPFO

The management of the Nigerian National petroleum Corporation (NNPC) has approved increase in the ex-depot price of Automated Gasoline Oil popularly known as Diesel and Low Pour Fuel Oil (LPFO) from Wednesday.
A circular released by the corporation yesterday, obtained by Daily Trust titled Notice of Change of Price of Petroleum Products, signed by Engineer Parker E.W informed stakeholders that the ex-depot price of AGO is now N142 from the N137.87/ litre, while the LPFO price is now N84.07 from N80.94/litre. The new prices take effect from 4th October, 2017.

Other products such as Petrol, Kerosene and Cooking Gas or LPG were not affected in the change. The Price of Petrol remains N133.28/litre, DPK or Kerosene N135/ litre and the LPG or Cooking Gas N82.27/litre.
The two products have since been deregulated. However the NNPC has been the major supplier of the products in the market.

PayTv:DSTv,Startimes Panic as TSTV Unpacks PaSC, Data Bundle

PayTv: DSTv,Startimes Panic as TSTV Unpacks PaSC, Data Bundle As the commercial launch of TStv, Telcom Satellite TV, in Nigeria beckons, DStv/GOtv and StarTimes, and other pay TV providers, are believed to be troubled.

Their anxiety may have arisen from the new operator’s introduction of the Pay-as-You-Consume (PaSC) model and data bundle.
Other pay TV providers had consistently argued that the model was not possible to implement in Nigeria on the grounds that they bought the contents they relay as a whole and not in bits.TStv will roll out its Pay-As-You-Consume plan on October 1, 2017, and industry watchers predict that it would win over a lot of customers from its competitors.

Analysts have expressed the hope that TStv would, indeed, redeem its promise of offering unique services, and thus break the MultiChoice’s monopoly in the business in Nigeria.The move by the incoming operator is aimed at attracting more subscribers to their service, which is considered to have been tailored along the yearning of Nigerian pay TV customers.

When the new plan begins, it is expected to replicate the revolutionary feat Globacom made in the telecoms industry through the introduction of per second billing (PSB).Prior to the implementation of PSB by Glo, MTN and Econet (now Airtel) had insisted that it was not possible to operate the PSB until after seven years, but Glo made it possible immediately it hit the market in 2003.

TSTV Releases FULL LIST Of Channels Available On Its Decoder

The following are the full list of channels available on the recently launched TSTV Africa decoder.

TSTV SPORTS CHANNELS

Star Sports
Fox Sports
Euro Sports News
Euro Sports 2
Kwese Sports 1
Kwese Free Sports
Kwese ESPN
MS Extreme
bein Sports MAX 4HD
bein Sports 3HD
bein Sports Global
bein Sports MAX (bein Sports 1-10)
TS Sports 4 HD
TS Sports 2
TS Sports 3
Yolo Sports HD

TSTV MUSIC CHANNELS:

Trace Urban/Africa
HITS TV
MTV Base
TLC (HD)

TSTV NEWS CHANNEL:

BBC America
CNBC
Aljazeera
BBC Radio 2
TVC News
Sky News
Arewa24
AIT
Core TV News
France 24 (English)
CCTV News
Channels TV
Bloomberg Television
DW
Fox News
TRT World
Press TV
NTA
Arise News
TV360 Nigeria

TSTV KIDDIES CHANNELS:

Nickelodeon
CN Carton Network
Disney Channel
Boing
JimJam
Baby TV
TS Junior Kids HD
Fix Fox
Panda Biggs

TSTV MOVIE CHANNELS:

Star Movies
MBC Action
MBC 2
Star Movies
African Movie Channel Series (African Magic)
Liberty TV
MBC Bollywood
Wazobia TV
WAP TV
Viasat Life
Fine Living
FOX
FOX Life
Investigation Discovery
MBC 4
MBox HD
PCTV
Star Gold HD
Nollywood TV
Z Cinema
E Entertainment
BEN Bridging The Gap
BET
TS Novella
TS Movies HD
TS Series

TSTV SCIENCE CHANNELS:

Discovery Channel
Nat Geo Gold
AD
National Geographic
Discovery Health TV
TSTV FASHION CHANNELS

Fashion One
AHTV

TSTV RELIGION CHANNELS:

Dove Television
Emmanuel TV
Sunna TV
Mountain Of Fire And Miracles Ministries
EWTN – Global Catholic Network
TBN Network

TSTV AFRICA CHANNELS:

Riwa Ndu TV
TS Hausa
TS Igbo
TS Yoruba
TS Sports 1 HD

“However, the important thing, with respect to your enquiry, is that I have not sighted the letter.”