Nigerians living in Nigeria may have bought over 804,000 smartphone units in the first quarter of 2023, a private telecommunication company in Nigeria MTN Nigeria Communications Plc has hinted. In its unaudited results for the quarter ended 31 March 2023, the telecom firm stated that it grew its smartphone penetration market sales to 52.7 percent in …
11. Scale Your Business To scale your business, you need to grow your customer base and revenue. This can be done by expanding your marketing efforts, improving your product or service, collaborating with other creators or adding new products or services that complement what you already offer. Think about ways you can automate or outsource …
8. Apply for Business Insurance An insurance agent can help determine and maintain what coverages are suitable for your business and find policies from insurers that offer the best rates. An independent insurance agent represents several different insurers, so they can shop around for the best rates and coverage options. Basic Types of Business Insurance …
7. Fund Your Business There are many different ways to fund your business—some require considerable effort, while others are easier to obtain. Two categories of funding exist: internal and external. Internal funding includes: If you finance the business with your own funds or with credit cards, you have to pay the debt on the credit …
* Conduct a SWOT Analysis SWOT stands for strengths, weaknesses, opportunities and threats. Conducting a Swot analysis allows you to look at the facts about how your product or idea might perform if taken to market, and it can also help you make decisions about the direction of your idea. Your business idea might have some weaknesses …
Starting a business is one of the most exciting and rewarding experiences one can have in life. But where do one begin? There are several and unique ways to approach creating a business successfully, with many essential considerations. To help take the guesswork out of the process and improve your chances of success, follow our …
Lagos, Enugu, Ogun, and Kano are the cities with the highest number of internet users in Nigeria. This is contained in a recent Telecoms Data on Active Voice and Internet per State, Porting and Tariff Information report of fourth quarter of 2022 released by the National Bureau of Statistics (NBS). The report shows that Lagos …
Farmers in Nigeria have predicted an imminent hike in the price of fresh tomatoes due to the outbreak of a deadly disease attacking the crop called tuta absoluta. Speaking under the aegis of the National Tomato Growers, Processors and Marketers Association of Nigeria, the farmers made it known the disease had affected 300 hectares of …
Like any healthy long-term relationship (i.e friendship), business partnerships take time, patience, and understanding. When maintained correctly, partnerships can act as one of the driving factors of success and revenue. The key is understanding how to keep the relationship healthy and flourishing, while implementing these understandings into day-to-day interactions. Below are 9 tips for achieving …
Nigeria has moved up its rank place to 88 out of 139 countries in the latest Logistics Performance Index (LPI) released by the World bank. Despite being ranked among countries with logistics restriction, Africa’s most populous country also recorded improvement over some of its neighboring peers like Ghana which ranked 97, Togo 97, Liberia 115, …