The Nigeria Startup ActThe And Its Potential Impact On Early-Stage Startups The NSA And Its Potential Impact On Early-Stage Startups. In his 2018 TED talk, Kola Aina spoke about the consistent growth of startups in Africa and asked, “Who will own our future Unicorns?”. From that time till now, Nigeria’s startup ecosystem has seen the famous Paystack exit and birthed three unicorns. The years of techies clustering in Yaba have fast become history as startups are emerging in Akure, Jos, Ibadan, Abuja, Ife and many other cities. It is a pointer to the possibilities that the future holds for the Nigerian technology sector. But, this growth in startup count is despite numerous challenges that they have to encounter. As Kola pointed out in his talk, funding is a problem for founders. Today, this problem still persists. Forbes highlights it as a challenge facing founders alongside talent availability and government regulation. The good news is; the Nigeria Startup Act, signed int...

All Nigeria Banks and Dear Bank Customers,  Do you know you can actually resolve some of your banking issues without joining the crowd at Bank. Below Here are some banks customer care numbers ...And how to block your account in case of fraud without visiting the bank First Bank: 07080625000 Fcmb : 012798800 Diamond: 0700300000 Sterling: 070078375464 Union: 07007007000 Stanbic: 070022557826242 Zenith : 012787000 GTB: 0700482666328 Keystone: 070020003000 Unity Bank: 07080666000 Eco Bank: 07005000000 Access bank: 012802500 Fidelity Bank: 014485252 Wema bank: 07000787753 Polaris bank: 08069880000 Heritage Bank: 00961746909000 UBA bank: 07002255822 Mainstreet bank 5084818300 Citibank 00912106770065 *Bank Transfer codes:* GTB_(*737#) Fidelity Bank_(*770#) First Bank_(*894#) Sterling Bank_(*822#) Polaris Bank_(*833#) UBA_(*919#) EcoBank_(*326#) Zenith Bank_(*966#) Stanbic Bank_(*909#) Access Bank Bank_(*901#) Wema Bank_(*945#) Diamond Bank_(*426#) Unity Bank_(*389 *215#) Herit...

Here are Some Tips about the Power of Relationships. Dear Subscribers, the power of relationships cannot be overemphasized. Relationships are at the core of human existence and play a fundamental role in our lives. It is widely said that no one is an island. As entrepreneurs, we need to collaborate and build meaningful relationships that will help us grow not just our businesses but our personal lives as well. Here are Some Tips about the Power of Relationships 1. It is not enough to have talent and skills: You must understand the power of building valuable relationships. Relationships matter more than money. It is your "Connection" that determines your "Collection". What you will collect from life is dependent on the value of your connections. 2. Networking can get you into doors that degrees cannot: There is a strong connection between the quality of your relationships and the opportunities that you will be exposed to in life. Knowing people in high pl...

Use Communication As Leverage. I want to discuss with you briefly the necessity of communication with customers We are still in the season of love and affection. I know your loved ones had pleasant surprises for some of you. If you feel you don't have any loved one, then it means you don't know yet. But I can assure you that you are loved greatly. Wear a smile always, look your best, and be as radiant as ever. You deserve all the love in the world; yes, you do. I want to discuss with you briefly the necessity of communication with customers. Communication establishes a connection with your customers that they are not even aware or conscious of at times. It's natural that customers want to feel respected and served honourably and these connections propagate and enhance a proper and healthy relationship. Constant communication with the customer is essential because it establishes and maintains trust between you both. Also, one of the things that determines if you...

AFRICAN EMPIRE: THE COMPETITION THAT NEVER WAS! Zambia and Zimbabwe decided to have a drinking competition. A week before the competition, the Zambian team sent Chileshe Nshumfwa  to Zimbabwe  to confirm if the competition will be held. On arrival, the people of Zimbabwe  brought 20Ltrs of their strongest brewed beer.  Then, Chileshe Nshumfwa asked if he could taste and he was permitted to. Instead of just tasting, he finished the 20Ltrs at once, and said ''This is ok....  Where is the main drink?'' People were all shocked because nobody had ever taken more than 2Ltrs of this beer and stood breathing!Then they asked him, 'Are you among the competitors? Chileshe Nshumfwa said, 'Me? Nooooo! I didn't qualify...!! Competition was cancelled.

NEW NAIRA REDESIGN TARGETED AT CORRUPT PEOPLE, TERRORISM FINANCIERS, NOT POOR NIGERIANS – PRESIDENCY  The President said the decision to redesign the naira was made to address corruption, terrorism financing and illicit fund hoarding. President Muhammadu Buhari has said that efforts are being made to ensure that the new naira notes are distributed more widely. According to Garba Shehu, the president's spokesperson, the decision to redesign the naira was made to address corruption, terrorism financing and illicit fund hoarding. SaharaReporters had reported that a few days to the end of transacting with old N1000, N500 and N200 banknotes as a legal tender, commercial banks continued to load the old notes in their Automated Teller Machine (ATM) in parts of the country. Also, the operators of Point of Sale (POS) particularly in the South-East and North-East states monitored continued to issue old banknotes to their customers, investigations by SaharaReporters showed. While ...

COMPANIES' INSIGHTS AND POLICY CHANGES  Nigeria The National Bureau of Statistics (NBS) published the Consumer Price Index (CPI) report for May 2022. According to the index, headline inflation rose 529bps to 17.7%, an 11-month high. Food inflation soared by 2.01% month-on-month (MoM) in May, 1bp higher than April’s figure. The country’s persistent increase in inflation represents a continuous decrease in consumer purchasing power and, as a result, a lower standard of living for citizens. Ghana The Development Bank of Ghana aims to disburse c. $800 million in capital. It aims to increase lending to small and medium-sized businesses (SMBs) by 5 times to help abate funding challenges. The Bank of Ghana recently released a report revealing, that the nation’s interest payments hit GH¢10.6 billion in Q1-2022 with foreign payments accounting for 17.3%. The Ghana Statistical Service revealed the Nation’s inflation numbers jumped to 27.6%y/y in May from 23.6% in April. Ghana The...

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It's a new year and I'm sure you are ready to take your business to new heights, to push yourself to a brand new level, to finally spread your wings and fly. The sky is your limit my friend! I am here to let you know that your business needs a community to get where you dream it to be. But if you are already looking for ways to build a community around your business then you've come to the right place. Building an engaged community around your business is an invaluable asset that can drive customer loyalty, boost brand awareness and increase sales. Despite the immense potential, many businesses struggle to convert their customers into active members of the community. The benefits of a community around the business are greater than increasing the traffic to a store or business site and are also beyond creating awareness for the business. Creating a community around the business creates a deeper and more meaningful relationship with the target audience, and in the...

BUSINESS TREND: Companies’ insights and policy changes Nigeria The National Bureau of Statistics (NBS) published the Consumer Price Index (CPI) report for May 2022. According to the index, headline inflation rose 529bps to 17.7%, an 11-month high. Food inflation soared by 2.01% month-on-month (MoM) in May, 1bp higher than April’s figure. The country’s persistent increase in inflation represents a continuous decrease in consumer purchasing power and, as a result, a lower standard of living for citizens. Ghana The Development Bank of Ghana aims to disburse c. $800 million in capital. It aims to increase lending to small and medium-sized businesses (SMBs) by 5 times to help abate funding challenges. The Bank of Ghana recently released a report revealing, that the nation’s interest payments hit GH¢10.6 billion in Q1-2022 with foreign payments accounting for 17.3%. The Ghana Statistical Service revealed the Nation’s inflation numbers jumped to 27.6%y/y in May from 23.6% in April...