Toluse Francis

Toluse Francis November 22, 2017

President Muhammadu Buhari this week presented the 2018 budget to the National Assembly. Below are a list of stocks, that could likely benefit from the government spending. Stocks in the agriculture sector President Buhari, during his budget presentation speech highlighted his administration’s achievements in the agricultural sector so far and the plans to do more. […]

Toluse Francis November 22, 2017

In its bid to improve the living standard of its host communities, Shell Petroleum Development Commission (SPDC) in a statement released recently said it had spent $29.8million on social investment projects and also awarded 94% of their contracts to indigenous firms in line with the local content initiative of the government. This was valued at […]

Toluse Francis November 22, 2017

The National Bureau of Statistics reported on Monday that Nigeria recorded a Real GDP Growth rate of 1.4% for the 3rd quarter of 2017, solidifying Nigeria’s exit from recession. The report also revises Nigeria’s second quarter GDP to 0.72% from 0.55% previously reported. By all account, things seem to be moving in the right direction, […]

Toluse Francis November 22, 2017

Pan-African entrepreneurial training program, seed fund, and incubator MEST today announced the launch of two new Incubator spaces in Lagos, Nigeria, and Cape Town, South Africa, as the program continues to expand its presence across the continent. The spaces will join the flagship headquartered in Accra, Ghana, as part of a growing Pan-African network of MEST Incubators. […]

Toluse Francis November 21, 2017

In a notice released to the Nigerian Stock Exchange (NSE) today, UACN Plc has announced the opening of its rights issue. 960,432,193 ordinary shares of 50 Kobo each at the offer price of N16 per share on the basis of one (1) new ordinary shares for every two (2) ordinary shares held as at 19 […]

Toluse Francis November 20, 2017

Let’s get this clear; it is extremely difficult, if not practically impossible, to build a solely online consumer internet business in Nigeria and by extension, Africa. This is due to a number of reasons including poor internet connectivity and reach, lack of trust, and broken infrastructure, among others. Even faced with these challenges, I still […]

Toluse Francis November 20, 2017

This week is loaded with events you don’t want to miss. We have curated a list of tech events that will interest you. They are coming up on or between Monday, 20th November 2017 to Monday, 27th November 2017. Startup Grind Startup Grind Lagos is set to host Former Minister of Communication Technology and now […]

Toluse Francis November 17, 2017

As the CEO of one of Nigeria’s largest enterprise internet service providers, Muyiwa Ogungboye prides himself in his capacity to endure hardship. But things were so difficult in the earlier days of building his company — eStream Networks — that he almost threw in the towel twice. On one occasion, crucial equipment got fried up, […]

Toluse Francis November 17, 2017

  Nigeria’s Mobile Telecommunications firm, 9Mobile (formerly known as Etisalat Nigeria) and Bango a UK based firm have announced a partnership. The partnership allows 9pay wallet users to pay for apps on the Google play store without having a debit card or bank account but using the payment gateway provided by Bango. What is 9Pay […]

Toluse Francis November 16, 2017

Dangote Flour Mills may have signalled its exit from noodles production, as it has disposed of two production lines located in Ikorodu and Calabar to Dufil Prima Ltd ( which makes Indomie noodles). The deal is valued at N3.7 billion and also includes Dufil Prima purchasing stock worth nearly N400 million. Dufil, will also produce […]

Toluse Francis November 16, 2017

  Flash back – Era of predatory banking It was the early 1990s and the government of Ibrahim Badamasi Babangida (IBB), former dictator and Military President of Nigeria, had just decided to liberalize the banking sector. As part of the Structural Adjustment Programme (SAP)-induced economic reforms, his administration oversaw the issuance of a flurry of […]

Toluse Francis November 16, 2017

In a notice sent to the Nigerian Stock Exchange (NSE) on the 15th, Beta Glass Plc announced the appointment of  Seun Oni as an Independent Director. Seun Oni has a Bachelor of Science degree in Economics which she obtained from the University of Lagos in 1989. She also participated in various management and Leadership programmes […]

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