Category Archives: Business

Business tips, how to start a business, Business Strategies, Business startups, small business advice, business advice, business news

2012 Nigeria Budget: Allocations to Technology Sector Almost Doubled (But Is It Still Enough?)

The budget for the 2012 fiscal year has been finally announced by the Federal Government and there was a little bit of something to cheer about for the nation’s technology sector. from the N28 Billion allocated to the Science and Technology sector in the 2011 budget there is an increase of N3 Billion for the… Read More »

Building High Powered Customer Loyalty: How Any Business Can Retain Its Customers For Ever

It is an accepted fact that it costs more to get a new customer than it does to keep an existing one coming back. Yet somehow companies and organisations keep neglecting the wisdom of a bird at hand being worth more than two or even three in the bush. It is possible to create a… Read More »

All About Convergence Africa – Meeting Point for Ideas Across Africa

The much publicised Convergence Africa conference bringing together business leaders, CEOs, investors from across the African continent to deliberate insights on emerging business issues and provide a connecting ground for investors and growing companies in Africa is set to hold on December 8, 2011. The conference will culminate in an exclusive session designed to match… Read More »

Central Bank Governor Sanusi Lamido Named Forbes Africa Person of the Year

Nigeria’s Central Bank Governor Sanusi Lamido Sanusi has been voted the Forbes Africa Person of the Year 2011. He was nominated alongside five others including Nigeria’s richest Aliko Dangote and Nobel Peace laureate Ellen Johnson Sirleaf. Mr Sanusi, 50, has headed reforms in Nigeria’s banking sector since his appointment in 2009. under his watch the… Read More »

New Bill Underway to Make Large Telecom Firms (like MTN, Globacom) to Get Listed on Nigerian Stock Exchange

A new bill is underway in the Federal House of Representatives to make large telecommunication firms like Globacom, MTN, Airtel to get listed on the Nigerian Stock Exchange. In line with an earlier request by the Central Bank Governor Sanusi Lamido Sanusi to have big telecom firms listed on the stock market to boost its… Read More »

Cowbell, Loya Milk Sweep Awards at 2011 Advertisers’ Association of Nigeria Marketing Excellence Awards

The 2011 Advertisers’ Association of Nigeria Marketing Excellence Awards has ended with Cowbell Milk and Loya Milk, two brands of Promasidor Nigeria Limited, a fast moving consumer goods company (FMCG) winning the Overall Marketing Excellence Award and the Brand Revitalisation Award respectively on Saturday, November 19, 2011 at Oriental Hotels in Lagos. The Cowbell brand… Read More »

Eight Things They Don’t Teach You in College About Business and the Labour Market

There will always continue to be the argument on whether college or university prepares the average individual for success in the real world. Of course college has its uses. There is abundant theoritical knowledge on almost any discipline you can think of. Still I hardly know of any successful fellow who made success based only… Read More »

Nigerian Named Africa’s Top Businesswoman and Top 50 in the World

Nigerian women are really proving their worth in the business world, with recent pronouncement of Mrs. Funke Osibodu, Group Managing Director of Union Bank of Nigeria Plc by a global jury of experts consituted by Financial Times of London as one of the world’s top 50 businesswomen. Funke is the only African woman and a… Read More »

Helios Investment Acquires Multi-Links Telecom

Multi-links, a CDMA telecom company operating in Nigeria has been acquired 100% from its previous owners Telkom South Africa by Helios Investment Partners (HIP). The Chairman, Multi- Links Telecoms Ltd, Martin Dirk made this announcement during a press conference, saying the long transition leading up to HIP’s acquisition of Multi- Links caused uncertainty about the… Read More »

FG Extends Deadline For YOUWIN Submissions Again

The Youth Enterprise With Innovation in Nigeria program business idea submissions which was supposed to close earlier this November is now to end on November 25, 2011 following the latest shift in deadline by the organizers. YOUWIN is a collaboration of the Ministry of Finance, the Ministry of Communication Technology (CT), and the Ministry of… Read More »

Social Media Marketing Lessons From Dbanj and MoHits: How Dbanj’s “Oliver Twist” Single Got Viral

Every week we try to bring to you revelations of how the web is changing the way we do business in Nigeria and the rest of Africa. Recent indications show that more and more Nigerians join various social networking and media sites on a daily basis faster than their counterparts in other African countries. Just… Read More »

GTBank Introduces GTMT and Instant Payment Service

In a press release Guaranty Trust Bank, Nigeria’s Leading Bank in technology and internet banking has released two new payment services/features. The bank stated thus in an official statement: As part of our efforts to provide value-adding services, we wish to inform you that you can now send and receive funds to and from any… Read More »

How to Start and Run a Profitable Dry Cleaning and Laundry Business

As year 2012 approaches many Nigerians will definitely review their business activities for 2011. For those who are not satisfied with the return on investment of their current business they will want to veer off into more lucrative businesses. One of the rules to starting a successful business is identifying challenges and everyday problems encountered… Read More »

Why Managing Information And Data Security Is Vital To Your Business

This is a guest post from Laura Jennings. To get your posts on NairaBrians email us: info[a] Recently, there have been a number of information hacks that have been targeted to companies even as large as Microsoft, making it more and more important for companies worldwide to ensure that their policies for information and data… Read More »

How To Manage Your Time Between Your Business and Your Job

This is a unique topic because not everybody who has a job understands the need for his/her own business as well. Is my job not my business? You ask. Your job is definitely not your business or you wouldn’t be paid what the owner wanted. If you are working for someone else then that’s your… Read More »

Got an Idea to Sell? How to Approach Companies and Sell Your Ideas to Them

If you’ve got a wonderful idea, you think will seriously improve operations in a particular niche and you wish to sell your idea to a big company and make your bucks here’s some little advice for you. Is the Idea Going to Improve Their Bottom Line or Business Processes? Before you get all excited about… Read More »

How Your Environment is Killing Your Business

One of the first principle of business every enterpreneur is taught about setting up a business is finding a good location. But aside other factors/principles, good location is not enough to make your business succeed. You also need the right environment (Environment here I mean your external environment, your community or your surrounding). You can… Read More »

Three Internet Business Niches/Models You Should Not Get Into Now in Nigeria

Web based business is becoming very strong in Nigeria thanks to slightly improving internet access and exposure. As the dotcom opportunities expand many internet startups launch into the Nigerian space each hoping to capture a reasonable share of business and grow immensely profitable. Just as there are genuine opportunities online for entrepreneurs to start a… Read More »

Four Major Obstacles to Watch Out for While Starting a Business in Nigeria

Nigeria is certainly a strange country. With a population of about 167 million (based on last week’s revelation by the outgoing Chairman of National Population Commission) it is a country courted and wooed by many foreign firms especially South African and Indian. The vast human capital cannot be ignored and Nigeria is arguably the largest… Read More »