k

cruzclinton1:
pls how do I buy on jumia? am confused on their shipping fee, do I have to still pay for shipping fee when I goto their branch state office to collect the items I ordered ( pay on delivery)

shipping fee has two option,
1 - like 1500 for ur door post delivery
2 - 1200 if u goto their branch state office to pick ur order, like they have one branch office in Uyo,


where am confuse is the 1200 own . coz since am the one going to their branch state office to pick my item, do I still need to pay shipping fee

Contact them they will explain to you.
Call jumia customer care on: 0700 6000 00
or send an email to service@

I hate this fruit. I don't know it's nutritious like this. I will start eating it now.

Thanks OP!

This is really bad...96 rapists in less than 2 month?

Let's keep praying, lets protect the children and sensitize the youths concerning the problem this can cause to their life and society.

God bless Nigeria!

With the rise of ecommerce in Nigeria, it is no longer a question of whether or not people will buy your products online, the more prevalent question on the mind of the average business owner is where and how to sell these products online.

So, today I will take you on a short tour of some of the available solutions to you as a Nigerian business owner or entrepreneur.

In no particular order, here’s a list

-KONGA NIGERIA
Known increasingly as one of Nigeria’s largest online stores, Konga took things a step further when they announced the possibility for other merchants to sell their products on the Konga website.

An obvious advantage this has is Konga’s already growing customer base, this gives your products the right exposure and lends some credence to your brand. There has been no official word on the details of this offer yet though, but with the list of innovative service offerings they have implemented so far, I can assure you that this will be worthwhile. Check out their website

-KAYMU
Known as an international brand owned by the now popular Rocket Internet, Kaymu aims to be the African version of Ebay.

It started in Nigeria in 2013 and has been building an audience ever since. Kaymu offers a lot of services to help protect both buyers and sellers from being defrauded online, and is a more dedicated service to the general idea of an online marketplace.

It’s worth noting however, that Kaymu isn’t focused on large brands or even business owners specifically, its market is open for all including individuals who want to sell off their personal items. Good or bad for your business?
That’s up to you to decide I guess.

-DEALDEY NIGERIA
Arguably, a lot of Nigerians don’t still get the Dealdey idea, most see it as a thing of dreams to be featured on Dealdey, not realizing that it is quite open to any interested business owner or brand. All you have to do really is call their service center to understand how it works

Dealdey has been around a bit longer than its now larger competitors like Konga and Jumia, but it has gained traction over the years and has become a frequent deal spot for lots of Nigerians (myself included).

It has a high potential for brand exposure due to the more limited number of items that go on display per time, putting your brand/products in a better spot for potential customers.

-OLX
Last on this short list is OLX, and although many see it as way too broad (myself included again), OLX has become quite popular among Nigerians, I’d say with the right marketing campaign and a repurposed business model, OLX could become quite interesting. This is by no means a downplay on the efforts put in by the team so far, it just wouldn’t be my first point of call to sell a truckload of good brands #myopinion.

The idea behind OLX is simple, put up your products or services (yup, even babysitting services) on the OLX website and get contacted for purchase and jobs, the same as most of the other businesses on this list, only difference is, the brand hasn’t achieved the right status as of now, so you can reach a specific market target on OLX, just be sure of the audience you are targeting, and make sure you’re pulling them in.

In all these services, as to the best of my knowledge, a percentage or fixed cost is taken from revenue gotten from sales, but hey, profit sharing has worked in so many businesses it cannot be ignored as a valid model.

It’s better to have the right kind of exposure and make money while at it.

Last option on this list is the custom online store, and most businesses are wise enough to ensure that they run both, this helps ensure that you have an owned spot in the world of ecommerce which isn’t influenced by external factors like changing managements or policies.

Whatever you decide though, be sure to get on this train, ecommerce has come to stay in Nigeria and the timing of businesses taking action can make or break future benefits.

Source: www.osazeosoba.com/sell-online-nigeria/

Cc:lalasticlala, Seun, puskin, dominique, naijacutee, FOD, Mynd44, OAM4J

Yes it's true especially in states with high cost of living such as Port Harcourt. I served recently @ Rivers PH and I experienced the same. Those camp trader are really extorting money from corpers. Govt. Should do something to it

With this new reform, you do not need a lawyer to register your business again.

The Nigeria government has achieved great milestone in its pursuit of ensuring greater ease of doing business in Nigeria. The government announced the reduction of days required for business registration to 2 days (48 hours) and number of forms required to just one (form 1.1).

This resolutions and decisions was part of the report given by the Presidential Enabling Business Environment Council (PEBEC) meeting at the end of the 60-day action plan on Ease of Doing Business in Nigeria reforms held in the Presidential Villa on Monday, April 26, 2017.

The council had also set 24-hours timeline for company registration from the day application form is completed and all required documents made available while prospective business owners can now search the Corporate Affairs Commission's portal (www.cac.gov.ng) for availability of name to avoid duplication of names.

According to excerpts of the council’s report made available to journalists last night by the Vice-President’s Media Aide, Mr. Laolu Akande, the council has ensured integrated FIRS e-payment solution into CAC portal to enable e-stamping has been introduced while the CAC internal lawyers are required to certify company incorporation forms and conduct statutory declaration of compliance for a fixed fee of just N500.

The report also highlighted that “dealing with construction permits, getting electricity, registering property, getting credit and paying taxes as some of the areas where the council has recorded progress in the past 60 days.”

Other reforms introduced by the council as hinted during the PEBEC/NESG Breakfast Meeting held in Lagos on Friday, April 21, 2017, extend to areas such as entry and exit of people, trading across borders, getting credit, paying taxes and registration of property.

Source: http://pulse.ng/business/nigeria-business-registration-now-takes-24-hours-id6583658.html

Cc:lalasticlala, Seun, puskin, dominique, naijacutee, FOD, Mynd44, OAM4J

Foremost industrialist and richest man in Africa, Alhaji Aliko Dangote, has restated his commitment to assist the Federal Government in turning around and diversifying the country’s economy.

He said this in Lagos on Friday where he was honoured as “Man of the Year 2015’’ by The Guardian Newspapers Limited.

He said that he was working hard with his company to take Nigeria to the next level and that within the next two and half years, Nigeria was going to excel in some critical areas.

 

“We want to do that by looking at critical areas where Nigeria is not doing well in terms of local production and tackle the problem areas.

“Number one is refinery, Dangote Group is building a refinery which will produce 650,000 barrels of petrol per day; the current capacity that we have as a country now, both the ones that are working and the ones not working, is just 450,000 barrels per day.

“Our petrochemical is ten times that of Eleme, we are at 1.3 million, Eleme is 120,000, so it will be the largest petrochemical industry in Africa.

“In fertilizer production, we are not only trying to satisfy the market, but our size is three million tonnes which is ten times more than what is available in Nigeria today.

“We are trying to make sure we satisfy the local needs and also export and we thought about how to address our power issues, the only way we can address power issues is to have enough gas and sort out distribution.

“Distribution is important because unless you collect money from the consumers, you cannot grow.

“There are two sub-sea gas pipelines coming from Bonny which will produce about three billion volume of gas which is exactly about the same size of LNG.

“We are committed to turning around the economy of Nigeria and in the next two and a half years, Nigeria will be the highest oil petroleum products export country, will be the highest in terms of fertilizer export, will be the highest in petrochemicals export.

“Nigeria will also be the highest in terms of cement export in Africa,’’ he said.

Speaking on bailouts for the states, Dangote said: “I don’t believe the Federal Government should continue to be bailing out the states, the states have to sit down and plan to cut costs instead of looking for bailout and being lazy.

“They can create jobs and give incentives to people to come and invest, they should assure people that they are not going to be slammed with various taxes which is what some of them do.’’

Dangote added that the current situation of the economy would push people to work harder, to work in terms of diversifying the economy.

Earlier, the publisher of Guardian Newspapers Limited, Lady Maiden Ibru, had said that they were honouring Dangote because of his impact on the lives of Nigerians and Africa.

She restated the role of the newspaper in the society as working for the enduring benefits of the people and being critical and identifying as well as publicizing heroes as a way of redirecting the values of the society.

The first “Man of the Year’’ award was presented to former president Olusegun Obasanjo in 1987.

Some of the guests at the event were former governor of Ogun State, Chief Olusegun Osoba, Bishop Alexander Gianniris of the Diocese of Greek Orthodox Church, and former Chief of Army Staff, Gen. Chris Ali. (NAN)

Source:http://www.nta.ng/news/20160423-dangote-pledges-to-help-fg-turn-around-nigerias-economy/

Cc:lalasticlala, Seun, puskin, dominique, naijacutee, FOD, Mynd44, OAM4J

The low demand for dollar at the parallel market on Wednesday forced the naira to appreciate against the American currency, the News Agency of Nigeria reports.

The Nigerian currency gained N5 in Lagos to exchange at N460 to a dollar from N465 recorded on Tuesday.

Also, the Pound Sterling and Euro closed at N560 and N500 respectively.

At the Bureau De Change, BDC, window, the dollar was sold at N385, being the Central Bank of Nigeria controlled rate.

Also, the Pound Sterling and Euro traded at N560 and N503 respectively.

However, the naira weakened against the dollar at the interbank market, losing N2.49 to close at N307.26 against N305.27 recorded on Tuesday.

Traders at the market said that the demand for the green back was low due to the political situation in the U.S.

Harrison Owoh, a BDC operator, said that stakeholders in the market were painstakingly watching the political situation in U.S and its effect on the country’s economy.

Mr. Owoh said that in the coming days, the demand for the dollar was likely to remain low until the successful transition from a Democratic to a Republican Government in U.S.

Source:www.premiumtimesng.com/business/business-news/214924-low-demand-dollar-forces-naira-parallel-market.html

Cc:lalasticlala, Seun, puskin, dominique, naijacutee, FOD, Mynd44, OAM4J

See where lack of fear of God has taken people to

K

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Hmmmmmmmmm!

The US President-elect, Donald Trump’s economic ideas will affect Nigerian professionals positively, Ibrahim Garba, a Security consultant, said on Wednesday.

Garba spoke with newsmen in a telephone interview from Abidjan.

He decried the attitude of Nigerians projecting the image of the country in a bad light.

According to him, Nigerians need to change their business orientation to reflect positive ideas in the new era.

The security expert said Trump, as a business mogul, would certainly jump at good business relationship with Nigeria in the interest of both countries.

“This would affect Nigeria because things would be more competitive; Trump is a man who knows about your money; he does not throw money around.

“For you to do any business in America you have to be serious. From a business perspective, if Nigerians know what they are bringing to the table and it’s of value, Donald Trump will approve it.”

He added that Trump won the election because he was a successful businessman and a politician.

“Every country needs a strong economy; Trump has records of growth with his years of experience in business and  that can be applied to the nation’s economy.

“With this development I hope he has more to offer than we expect from him and also an opportunity for the Americans to see a different side.”

The newly-elected president has  pledged to be president for all Americans and to build the country’s economy while  relating with nations that support his ideas.

Source:http://www.vanguardngr.com/2016/11/trump-economic-ideas-good-nigeria/

Cc:lalasticlala, Seun, puskin, dominique, naijacutee, FOD, Mynd44, OAM4J

K

K

Urges country to focus on local, inter-Africa trade

Come 2020, Nigeria would have received €1.46 billion from the European Union (EU) in form of grants for critical projects in some key sectors of the economy starting from 2008.

Of this amount, the country had already received €750 million between 2008 and 2013, while the next phase of the grant estimated at €712 million, which started since 2014, will end in 2020, averaging about €100 million per year.

The EU Ambassador and Head of Delegation to Nigeria and Economic Community of West African States, Michel Arrion, said although an average grant of €100 million yearly to a country with more than $400 billion Gross Domestic Product is small, it is targeted at key issues that would stall wealth and job creating investments.

Addressing newsmen on forthcoming fifth EU-Nigeria business forum, in Lagos, he said that as a trade partner and major development agency to the country, the forum would now be more practical in dealing with issues about trade, energy, financing of privatised assets, diversification and support for agriculture and its value chain.

Meanwhile, in an exclusive chat with The Guardian, the envoy said he never believed in Nigeria’s quest for exportation of food items to Europe, when it has a whole lot of market within its reach.

Citing the country’s population and neighbouring African countries, which stand as a pool of growth opportunities, he said that Nigeria should focus on satisfying the local market as a way to gain competitive strength and comparative advantage.

“Nigeria has comparative advantage in agriculture. But it is still on subsistence level. There are various untapped opportunities that can turn the sector into full commercial.

“For instance, the textile business. The country has land to grow the cotton. It has the manpower and skill. there are various line of products that can be on the offer. There is the population. Besides, there are value chains. We believe small businesses have opportunities too.

“The EU is the top destination for oil and non-oil exports from Nigeria. In 2014 alone, Nigeria’s trade with EU stood at  €39 billion, representing 31 per cent of Nigeria’s total trade.

EU investment stock in Nigeria grew from  €23.8 billion in 2013 to  €25.3 billion in 2014. However, with the fall in oil prices, EU-Nigeria trade declined by 26.7 per cent to €29 billion in 2015. Nigerian exports to EU declined by 35 per cent, while imports declined by seven per cent over the period,” he said.

He said that in efforts to reverse the trend, the forum billed for next week will seek to strengthen the business relations through identification of opportunities in the global textile value chain.

It will expose Nigerian SMEs to opportunities in the EU market through the platform of the Enterprise Europe Network and explore the financing options available for funding of the power sector and diversifying the energy mix in the country.

Source:http://m.guardian.ng/business-services/eus-grant-to-nigeria-may-top-e1-5b-by-2020/

Cc:lalasticlala, Seun, puskin, dominique, naijacutee, FOD, Mynd44, OAM4J

..

plavic:
What you know and put into action makes you rich, not what you know alone.


thanks

Yeah, Applied Knowledge is power. Unapplied knowledge is just a waste of time.
But it all boils down to Knowledge
That's why the bible even said that in all you're getting get wisdom. How can one get wisdom without knowledge??
Knowledge is the basic. You can only give what you have, you can only apply the knowledge you've acquired.

Knowledge makes you wise!

K

K

What you know, Not what you have, Makes you rich.

The rule of money has changed in this new age that we are. Before it was what you have that makes you rich. Wealth and abundance are measured in time past by what you have acquired e.g animals, lands, houses, companies e.t.c (assets and investments).

Today, traditional assets do not make you rich or financially secure. Just ask all those "investors" who lost everything during the last Great Recession

This will lead me to explain and show you how things changed gradually from the old way to the new way.

These are referred to as the four economic ages of humanity. Which are:

1. The Hunter-Gatherer Age

In the Hunter-Gatherer Age, humans relied on nature to provide wealth. They were nomadic and went where the hunting was good and the vegetation plentiful. You had to know how to hunt and to gather-or you died.

For the hunter-gatherer, the tribe was social security. Socio-economically, everyone was even. They were all poor.

2. The Agrarian Age

The Agrarian Age saw the rise of different classes of people. Due to the development of technology to plant and cultivate the land, those who owned the land became royalty, and those who worked it became peasants.

The royals rode horses while the peasants walked. Socioeconomically there were two groups, the rich and the poor.

3. The Industrial Age

While many people would place the beginning of the Industrial Age in the 1800s with the rise of factories, I actually think of it as beginning in 1492 with Columbus. When Columbus struck out for the New World, it was to find new sources of valuable resources such as oil, copper, tin, and rubber. During this time, the value of real estate shifted from growing crops to providing resources.

This led to the land becoming even more valuable. And three classes emerged: the rich, the middle- class, and the poor.

4. The Information Age

Today, we are in the Information Age, where information leveraged by technology and inexpensive resources like silicon, produces wealth. This means that the price of getting wealthy has gone down. For the first time in history, wealth is available to just about everyone.

There are now four groups of people: the poor, the middle-class, the rich, and the super rich.

But even though we live in the Information Age, it is not information that makes you rich.

It is what you KNOW that makes you rich! It's simply KNOWLEDGE that makes you rich!

While all this information is valuable, it's not as valuable as knowledge.

Knowledge gives you the ability to filter out unimportant information to find the important information.
Knowledge gives you the power to act on information. Knowledge is what makes you rich-not information.

How knowledge makes you rich.

As said by Richdad

"Oil is valuable. Many people would love to own lots of oil. But owning lots of oil won't make you rich. It's understanding how oil can make you rich that brings wealth.
For instance, crude oil is of little value until it is refined. That is a complicated process that requires science and equipment. It takes knowledge to refine oil and make fuel. Fuel is valuable and will make you rich. But you can't have fuel without oil."

Today, it's no different in the Information Age. You could have all the information in the world, but without knowledge, you would still be poor.

The reason Mark Zuckerberg, for instance, is such a success is because he has knowledge of what to do with information and knowledge of how to build technologies to leverage information.

Mark Zuckerberg's knowledge of Internet technology enabled him to build Facebook. He also knows how to build a team and find people smarter than him to make Facebook bigger and better.

Finally, he has knowledge that information is valuable for selling. Facebook excels at collecting your information, processing it, and selling it to advertisers who target their ads to make money off of you.

It is not the information that makes Mark Zuckerberg rich, it's his ability to process and leverage it-again, that is knowledge, and knowledge comes from education.

We live in an age where wealth is abundant and accessible by everyone-including you. But you have to be financially educated to be able to process and leverage it.

Today, knowledge makes you rich and a lack of knowledge makes you poor.
In this brave new world, it's your knowledge that is the new money.

I encourage you to increase your business & financial IQ by increasing your Business & financial education. Then you will be able to find the important information and have the knowledge to act on it.

Cc:lalasticlala, Seun, puskin, dominique, naijacutee, FOD, Mynd44, OAM4J

An all too familiar story was reported in the Nigerian papers last week. In 2012, the then Rivers state governor, Rotimi Amaechi, acquired 2,000 hectares of land in Ogoni land to setup a banana plantation. The entire project was to cost $45m and 6,000,000 boxes of banana were to be produced annually when completed. Today, after spending $6m on the project and cultivating only 500 hectares, the plantation lies vandalised and abandoned.

There is something this sad and familiar story tells us about one of the most common words in Nigeria today – diversification. We can safely say the project was conceived by the government with the best of intentions. And yet, good intentions were not enough. Why? Let’s consider some points

Psychological Dutch Disease
We all know what Dutch Disease is – when a country starts exporting natural resources, foreign exchange starts to flow heavily into its economy. This makes the local currency stronger and as a consequence, it becomes easier and cheaper to just import stuff than to produce them locally. As a result, local industry gradually withers.

But there is a psychological aspect to Dutch Disease, too. Once people have been exposed to the oil business, almost everything else looks inferior by comparison. After doing the hard work of looking for the oil and spending money to get it out of the ground, the rest is relatively easy. You pump it and sell it for years. This partly explains why you can spend $500m to build a deepwater oil platform and need less than 200 people to operate it.

Compare that to the banana – you have to harvest them while they are green then wash them with soap and water (if for exports). This is important because once the banana starts to ripen, the process cannot be halted or reversed. They also have to be shipped at exactly 14 degrees centigrade in special refrigerated ships to stop them from ripening during the journey. Timing is so important so that they start to ripen as they get to the supermarket. Then, after all this wahala and hard work, a banana costs only 18 pence (less than N100) at a Tesco supermarket in the UK. If you’ve once enjoyed oil money, one way or the other, you are going to look at this banana business and conclude there must be easier ways to make money in life.
Oil is unique

The people who were selling oil for $100/barrel in 2014 are the same people who sold it for $40/barrel this year. Why did they continue selling even when the price dropped by more than half? Because at both prices – $100 and $40 – selling the oil was profitable. This is the weird thing about oil which makes it unique. Oil that costs $11 to extract from the ground can sell for $100. Do you know many products in the market where the price can drop by more than half and the seller will continue making a profit? I can only think of cocaine and perhaps Dangote Cement.

This should make us think soberly about attempts to diversify the economy away from oil. If the plan is to replace lost oil revenues with some other commodity or product, you’re on a very long thing as they say on social media. This is why the very few countries that managed to diversify away from oil (China and Dubai) did so by simply taking the oil money and spraying it across the rest of the economy in the hope that something will germinate from it. In that sense, oil has no replacement. It is a fertiliser for the rest of the economy. It is not even possible to know in advance what might grow out of an economy fertilised by oil.

In short, any attempt by Abuja to try to diversify the economy away from oil to mining or agriculture with the hope of replacing lost oil revenues will ultimately be a wild goose chase.

What do the people want?
This is perhaps the most important lesson here. It is incredibly hard to make anything succeed without the people wanting it. The newspaper story talked about how the youths were far more interested in getting compensation for the land from the government and employed violence to get their way.


But most revealing was a quote from a ‘prominent indigene’ of Ogoniland who said ‘we the Ogonis are wiser and need a better project than banana. We are not monkeys that someone should come and plant banana for us to eat’. This is pretty much the summary of why $6m was wasted on this project. A top down approach where someone in government decides on a project and then foists it on people for their own good is hardly ever going to work. Of course, the prominent indigene was wrong to denigrate bananas as he did but he has created an obstacle that cannot be overcome unless it is addressed.
This is why government should learn to lead from behind. First, allow private effort and initiatives to flourish then step in to provide the necessary encouragement to boost things. It sounds easy to say but sometimes, the matter is not more complicated than we make it. The people clearly do not want bananas but there might be something else they (or it might be just one guy out there) want.

Nigeria needs a lot more economic freedom for people to try out different things to see what works and what doesn’t, backed by a government that encourages them as opposed to ordering them to ‘take banana’. Only when we encourage economic freedom will we discover some really interesting things about the Nigerian economy.

Source: http://m.guardian.ng/business-services/take-banana/

Cc:lalasticlala, Seun, puskin, dominique, naijacutee, FOD, Mynd44, OAM4J

Oh Lord my God let these souls know Christ!

K

K

Activities on the Nigerian Stock Exchange (NSE) on Monday resumed for the week on a negative posture with the market indices down by 0.28 per cent due to profit taking.

The News Agency of Nigeria (NAN) reports that the market capitalisation dropped by N26 billion or 0.28 per cent to close at N9.349 trillion against N9.375 trillion achieved on Friday.

Similarly, the All-Share Index which opened at 27, 294.21 shed 74.12 points or 0.28 per cent to close at 27,220.09 following loses recorded by some highly capitalised equities.

7UP recorded the highest loss to lead the losers’ chart, shedding N7.94 to close at N150.86 per share.

Lafarge Africa trailed with a loss of N2.50 to close at N47.50 and Cadbury declined by 65k to close at N12.95 per share.

Flour Mills lost 44k to close at N19.08, while Guaranty Trust Bank was down by 35k to close at N23.50 per share.

Conversely, Total led the gainers’ table, gaining N15.01 to close at N345 per share.

It was followed by Nestle gaining N4 to close at N795 and MRS gained N3.35 to close at N43.35 per share.

Okomu Oil appreciated by N2.05 to close at N43.05, while PZ Industries increased by N1 to close at N17.50 per share.

In spite of the drop recorded by market indicators, the volume of shares traded inched by 48.12 per cent with an exchange of 219.89 million shares worth N1.88 billion traded in 3,933 deals.

NAN reports that this was in contrast with a turnover of 148.45 million shares valued at N1.08 billion exchanged in 2,073 deals on Friday.

Wapic Insurance was the toast of investors, accounting for 26.91 million shares worth N13.46 million.

Sterling Bank followed with 26.31 million shares valued at N23.68 million and United Bank for Africa traded 21.67 million shares worth N92.14 million.

Access Bank sold 21.08 million shares valued at N119.23 million and Fidelity Bank exchanged 17.31 million shares valued at N15.60 million.

Source:http://m.guardian.ng/business-services/nse-market-indices-down-by-0-28/

Cc:lalasticlala, Seun, puskin, dominique, naijacutee, FOD, Mynd44, OAM4J