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$1.37 Billion VC funds: Nigeria is winning the New Money even though we’ve lost the Old Money

By
Ndubuisi Ekekwe
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1

Nigeria is winning the New Money even though we have lost the Old Money. Yes, from the old century foreign direct investment to investment in stock exchanges to private equity money, Nigeria is not ranked in the top 10 in Africa. But when you move into the money of the future (venture capital funds), Nigeria has no competitor in Africa.  Three years ago, all of Africa raised $1.16 billion; this year, Nigeria alone raised $1.37 billion.

I expect Nigeria to hit $2 billion VC funds in 2022 as most VCs begin to invest via Nigeria into Africa. South Africa has lost that position and Nigeria is well at the center now.

So the report published by the Egyptian agency does not tell the whole story. Of course, this is not to say that Nigeria must not do better in the old money.

Revisiting Nigeria’s Abandoned Filling Stations and Decommissioning Strategy

By
Mutiu Iyanda
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0

Globally, downstream is one of the lucrative sectors of the oil and gas industry. Nigeria as one of the countries where crude oil remains a major contributor to the Gross Domestic Product have had several filling stations over the years. Recent growth in the establishment and projection equally shows possible exponential set up of the stations in some emerging towns and cities.

Though, there are no official statistics that establish the number of filling stations per town, city and village across the country, our over 6-month investigation shows that a town is more likely to have at least 5 filling stations within while roads linking to the centre of the town is more likely to have at least 10 stations. Our earlier analysis had noted that prospective owners are usually expected to understand location within the context of factors of production and the implications of the closeness to critical public and private facilities.

Having a filling station requires several requirements. From ministries to agencies and departments one needs to make certain documents available and pay necessary charges to the state and federal governments. Our check indicates that establishing a filling station, apart from buying a land, requires about N55 million. For many prospective owners, this amount is not huge considering the long-term return on investment based on the fact that Nigeria still a petrol-driven car society. In order words, the invested capital would be captured in multiple folds.

However, our analysis has shown that not all the stations within towns and cities, and along the major highways in the country are making significant returns. Many of the stations have been abandoned because of sales dwindling and other critical factors such as incessant robbery incidents. According to our data, the stations along the main highways mostly experienced robbery attacks.

While carrying out our investigation, more than 100 filling station managers in the South West region were interviewed. Our analyst and his team also carried out several observational studies, which reveal that many stations on the highways have been abandoned because of these factors and others in the last 5 years. From Ibadan to Osogbo, abandoned stations along the Ibadan-Ife axis have been overgrown with grass of different species. The stations have been cave for people who committed varied crimes. The story is not different when one travels to South East and South-South regions through Ondo State.

Ideally, according to experts who spoke with our analyst, filling stations such like other facilities or assets in the oil and gas industry need to be commissioned for use and when the assets are no longer useful to the stakeholders they are abandoned. When abandonment arises, there is a need to invoke decommissioning strategy.

Therefore, stakeholders in the industry need to look at the abandoned stations holistically, examining the severity of the impacts of the crimes being committed on individuals and society in general. It is also necessary that the stakeholders examine the climatic impacts of the stations on the environment.

Our analyst notes that it would not be a bad idea if the abandoned stations, most importantly those within the cities and towns, could be sold to people and organisations that can turn the locations around for the benefits of the host communities. According to the outcomes of our observational studies, majority of the abandoned stations within the cities and towns could be turned into innovation hubs or offices for startups.

Trademark: Ways of making money off your creativity.

By
Stanley Alieke
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0

Nigerian Entertainers and social media influencers are in no doubt very creative, as they don’t just entertain they also put their creativities to test in numerous occasions. Most of them have popularized and influenced some trending and house hold words and slogans like Mr. Macaroni’s Fantabulous, You are doing well, Oiin etc and Josh2funny’s All my guys are ballers, Don’t leave me, in all circumstances, consequences boys etc, Jigan Babaoja’s Sho mo age mi ni and Davidsyn the comedian who just popularized the slogan “Normally’ which is currently trending across different social media platforms. 

Everyone who spends some time in the social media space will definitely be aware of when the slogan “Sho mo age mi ni” which is a Yoruba phrase meaning “do you know my age?” which was influenced by Nigerian comedian and actor, Jigan Babaoja was trending. It was so popular then and still popular now that everyone was saying it and even Nigerian banks and blue chip companies were using it in their newsletters as a catchy trending phrase.

Mr. Jigan Babaoja decided to confront one of the banks that was using the slogan he purportedly popularized to pay him or to refrain from using his slogan without his permission as that will amount to infringement on his intellectual property rights. The banks and other organizations using that slogan were able to get away with it because the slogan was not “trademarked” hence, Jigan cannot claim abt legal rights on that phrase though it was him who everyone knows popularized the phrase and influenced the usage in the social media. 

Nigerian Entertainers and creatives should know that you can not lay claim to a word or slogan when you have not trademarked it as your intellectual property even if everyone knows that you are the originator, the law is that you must register it or trademark it which is a means of you giving notice to the whole word that the word or slogan is now yours exclusively and anyone who wants to make use of it must obtain express permission from you and pay for you for it, if not it will amount to them infringing on your (intellectual property) rights.

This is the reason why Nigeria creatives and influencers must learn the art of making money off their crafts by always trademarking words and slogans they originated out of their creativities, acquire parent rights and copyrights of the products they invented and influenced. The benefits are numerous but one of it is having exclusive legal rights to your brain child or your intellectual property property and making huge money off your creativity.

Didi Delisting from New York Stock Exchange, to List in Hong Kong

By
Samuel Nwite
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0

Chinese ride-hailing giant, Didi, is moving to delist from the New York Stock Exchange following order from the authorities to do so.

A statement from the company said Friday it will delist from the New York Stock Exchange “immediately” and begin preparations for a separate listing in Hong Kong. U.S. shares are to be converted into “freely tradeable shares” on another international exchange.

Last week, Chinese authorities asked Didi to begin preparation to delist from New Stock Exchange and list in Hong Kong, a part of larger reform aimed at keeping private data of Chinese citizens from the reach of U.S. government.

In July, the powerful Cyberspace Administration of China (CAC) ordered app stores to remove 25 mobile apps operated by Didi – just days after the ride-hailing giant listed in New York. It also told the company to stop registering new users, citing national security and the public interest.

Didi, which has about 377 million annual active users in China, provides 25 million rides a day to users in the country who sign into its app with a phone number and password. Its apps also offer other products such as delivery and financial services.

It got into trouble with the CAC when it pressed ahead with its New York listing on June 30, even though the regulator had urged the company to put it on hold while a cybersecurity review of its data practices was conducted, sources had told Reuters.

Soon after, the CAC launched an investigation into Didi over its collection and use of personal data. It said data had been collected illegally and the apps concerned including for its camera device, as well as delivery and financial services.

Bloomberg reported earlier, quoting sources, that the authorities were considering Proposals to seal Didi’s fate. Proposals under consideration include a straight-up privatization or a share float in Hong Kong followed by a delisting from the U.S. If the privatization proceeds, the proposal will likely be at least the $14 IPO price since a lower offer so soon after the June initial public offering could prompt lawsuits or shareholder resistance, the people said. If there is a secondary listing in Hong Kong, the IPO price would probably be a discount to the share price in the U.S.

Didi raised $4.4 billion from its IPO, one of the largest by a Chinese company on New York Stock market.

Didi’s time as a U.S.-listed company is short-lived and has thrown investors into disarray. CNBC noted that investors will now be hoping for a smooth transition of Didi’s U.S.-listed shares to Hong Kong. But details on how the company will go about this are thin. The move by Didi to go ahead with the delisting at least rules out the risk of it being forced to do so by regulators.

“Despite U.S. shares being freely tradeable upon listing on the HK exchange, we think this move is likely to be the final straw for many investors who will look to cut losses,” Neil Campling, global TMT analyst at Mirabaud Equity Research, said in a note. “The stock also has a lot of retail investors, who we presume will be trying to run for the exit.”

Daniel Ives, managing director of Wedbush Securities, said the delisting was “just another black eye for Chinese tech stocks.”

“The Street remains very various of Chinese tech stocks and this Didi situation is another cautionary tale,” Daniel Ives, managing director of Wedbush Securities, told CNBC, adding Didi shareholders would likely rotate to another SoftBank-backed company, Grab, to play the Asian mobility market.

At last, Didi has become another victim of China’s tech crackdown that has dealt with a list of tech giants, including Alibaba, Ant and others. Government’s aim, among others, has been to keep its internet industry under the control of the Chinese Communist Party at all cost.

Didi’s share price sank 11%, after having initially climbed as much as 14% in U.S. premarket trading.

The System of Delivering Results

By
Clinton Chidera
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0

 

A set of things working together as parts of a mechanism or an interconnecting network; a complex whole.a set of principles or procedures according to which something is done; an organized scheme or method.

A way of carrying out a particular task, especially the execution or performance of an artistic work or a scientific procedure. a skillful or efficient way of doing or achieving something.

However, this is a popular word that we use in everyday speech but there’s something about this word “system” which has to do with the arrangement and understanding of one’s life in terms of making decisions.

The system is a procedure on how to arrange, build, and solve one’s problem in such a way that will add an atom of knowledge in his everyday research which will enable the individual to discover his/her purpose in a particular field.

A system is a group of interacting or interrelated elements that act according to a set of rules to form a unified whole. A system, surrounded and influenced by its environment, is described by its boundaries, structure, and purpose and expressed in its functioning. Systems are the subjects of the study of systems theory. Wikipedia

“The System is a road map that enables you to understand a particular sector before investing or applying for it. This simply means that before applying to any work, investing, learning, and others you must investigate and do research on how the system works because it can be a source of building wealth”.

Many individuals fall into the pot of unknown titans of scammers in the process of going into a particular system without any proper investigation and research in order to know more information and details of the system. yes! This happens every day on planet earth.

WHY?

Why do people be scammed on the field (sector) they’re into?

Why does a crypto trader be scammed on the field they’re in?

Bill Gates: William Henry Gates III (born October 28, 1955) is an American business magnate, software developer, investor, author, and philanthropist. He is the co-founder of Microsoft Corporation.

However, when you pay attention to Bill Gates’ speech in the media you see that before he adapts this system he investigates, researches, and discovers the purpose of the system and he pays to learn the system because he discovered that the system is a source of building wealth.

What am I trying to say? The system is a guideline that enables the individual to know the rules of a particular sector (organization) before accepting any offer. For instance, You wanted to start a coffee business, and before investing in the system you must 60% understand how the system works by applying this scientific method:

Research: The systematic investigation into and study of materials and sources in order to establish facts and reach new conclusions. If there’s no problem I think there would be no need for research and research is a piece of equipment for problem-solving. So, this will possibly lead to this question on How, when, and where to the particular system.

Secondly, Investigation: To search out and examine the particulars in an attempt to learn the facts about something hidden, unique, or complex, especially in an attempt to find a motive, cause, or culprit.

Pay and learn the system (PLS): Learning is a continuous assessment that is unlimited in every sector of human programs. However, this pay and learning system is the best action and step to take in life because you pay to study a particular system that will enable and enhance you to achieve your goals.

These are the three scientific methods you need to apply in terms of applying things on earth because the system governs the earth (rules).

Dear folks, Research, investigate and pay and learn the system is another secret way of building wealth because it is a source of building wealth.

“Check the stories of the world’s prominent men and their inventions, you could see that a particular system governs their work. Lastly, hard work, frequent learning, and consistency is the secret of achieving your vision”.

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