Business

The Corporate Affairs Commission is a federal institution in Nigeria that oversees everything that has to do with legal entities operating in the country. The organization ensures that both business establishments and corporate firms register their activities and business - information that can be made available to the public through the CAC public search whenever the need arises. More so, the CAC ensures that Nigeria is a safe environment...

Promulgated in 1990 by the passing of the Company and Allied Matters Act (CAMA), aimed at regulating and supervising the formation, incorporation, and management of companies in Nigeria, CAC an acronym for the Corporate Affairs Commission, is the governmental agency charged with the responsibility of registering companies and business names in Nigeria. Other functions of the CAC are set up in Section 7 of the Company and Allied Matters Act (CAMA). Name Reservation...

In recent times, the Corporate Affairs Commission (CAC) of Nigerian has made it possible for business owners to register their businesses online. This new development by the commission eliminates the stress of going to the CAC offices, and at the same time, it cuts down on the cost of registration. Needless to say that this made things a bit easier for businessmen in Nigeria who can now sit in...

Names are very vital and important to the lives and destinies of children born in Nigeria. Parents, therefore, give careful thought and consideration to the kind of names they give to their children at birth. More so, name picking involves several conscious, traditional, cultural, and societal efforts that many parents might not have a choice but to dance to society's tune. All these activities make the entire naming ceremony...

The CAC, which is an acronym for the Corporate Affairs Commission, is the governmental agency in Nigeria charged with the responsibility of registering companies and business names. They also take charge of regulating these businesses and companies through their constitutions. Registering a company attracts registration fees among several other fees and it is the CAC that collects these revenues for the country. In this article, we are going to...

At the onset of President Muhammadu Buhari’s first tenor in 2016, the alarming rate of unemployment among Nigerian youths led his government to launch the N-Power program in a bid to tackle the challenge in the country. Since its inception, N-Power has rolled out three distinct batches (Batch A, Batch B, and Batch C) that has served in their respective states of residence under different categories such as N-power...

As we know them today, Naspers can be likened to the proverbial acorn planted as a seed and has grown and flourished to become a very significant tree. That tree has since developed deep roots with diverse branches and leaves that spread far and wide to provide more nourishment for the flourishing mother tree. The multinational internet business started as just one company that was established in the early 1900s....

Companies have great roles to play in the economic growth of a country and South Africa is one of those African countries that has benefited from advanced industries. The country's economy was revolutionized in the late 19th century when diamonds and gold were discovered there, after which extensive investment from foreign capital followed. With an economic policy that is aimed primarily at sustaining growth and achieving a measure of...

A couple of years ago, tourists and locals who come into or leave the country via aircraft shared a mutual complaint which was the scarcity of international airports in Nigeria. The inconvenience of traveling from one airport to another before getting to one that has international facilities is an ordeal a few can manage. So, it became a necessity to erect more standard international airports and the government has...

Every diligent business owner has at one point considered getting a loan to start or grow their business to a point where they can at least meet their overhead cost, break-even, and even make a profit. In support of this trend, there are different big and small financial organizations in Nigeria offering various loan packages with varying eligibility criteria. More so, the government of Nigeria has also keyed into...

E-Money (Real Name: Emeka Okonkwo; Born: February 18, 1981) is a year-old Nigerian billionaire businessman, music producer, and philanthropist famous for being the CEO of the Five Star Music record label. His label is responsible for producing big names such as Kcee, Harry Song, and Skibi. E-money's business interests have seen him invest in the real estate, transportation, and oil and gas industries, making him a key stakeholder in...

E-Money is a Nigerian entrepreneur, investor, and business tycoon who has an estimated net worth of $30 million. In the Nigerian entertainment circle, there is hardly any member that comes close to E-Money when it comes to fortune as he boasts a massive $30 million net worth. The celebrity and businessman who is also known as the younger brother of singer Kcee has a net worth that runs into tens...

In Nigeria, various steps have been taken to revamp the power sector, and one of such was the privatization of the Power Holding Company of Nigeria) (PHCN in 2013. This led to the emergence of 11 electricity distribution companies in Nigeria that cover the country's various states. The transfer of these companies to private corporations has also witnessed drastic changes in Nigeria's power supply. While some have performed extremely well,...

Over the years, the resourcefulness of the Igbo people continues to be an important topic in Africa. From their rise in the post-Biafran war to the present day, many Igbo men have established their footprints on the sands of time. It is also impressive when you consider that the Igbos represent around 50 percent of the richest in the country. Hence, this article talks about some of the top...

There is no denying the fact the richest states in Nigeria are also among the biggest contributors to the economy of the most populous black nation on earth. Nigeria, a sub-Saharan African country, has always been blessed with great natural resources making the West African nation capable of becoming one of the greatest nations in the world. However, this ambition is still a work in progress that is far...

Femi Otedola is one of the richest and popular business moguls in Nigeria, and his $1.8 billion net worth (2016 estimates) buttresses this fact. The gentleman who started from humble beginnings as a businessman has now grown into an astute investor and entrepreneur whose businesses span across several sectors of the Nigerian economy. He has his hands firmly grounded in petroleum products marketing, power generation, shipping, insurance, banking and...

Naira Marley is a British-Nigerian singer, song writer, and businessman who has an estimated net worth of ₦255 million. According to the self-proclaimed President of the Marlians, he made his first money in the United Kingdom even before venturing into music. However, he neglected to mention the means through which he made the huge sum of £250,000. When Azeez Fashola, as his real name says, eventually launched his music career,...

The richest man in Ghana is Ernesto Tarricone with a net worth of $1.3 Billion. He is, however, a few hundred million below the $2 billion mark that would have earned him a place on the top 20 richest people on the African continent. The wealth of the richest men in Ghana is relatively low when compared to other countries like Nigeria and South Africa. Nonetheless, Ghana's richest people are...

Broda Shaggi is a Nigerian comedian, actor, songwriter, and musician with an estimated net worth of $200,000. The year-old is the son of a drama teacher. He had always had an interest in the creative arts, with drama-comedy being a personal passion. He spent a few years working without any recognition, but is now a household name, earning money through the influence and versatility he wields with each social media...

2Baba's net worth is $37 million; Money he made as a legendary Nigerian musician, songwriter, record producer, entrepreneur, and philanthropist. He is known for releasing chart-topping songs like "African Queen," "If Love Is A Crime," "E Be Like Say," "See Me So," Gaga Shuffle," "Amaka," and many more. As expected, 2Baba owes his great fortune to his music career. What comes from his music is boosted by other revenues from...

One of the biggest challenges faced by any government is unemployment. It is a continuous battle, and different nations develop various job-creation schemes to ensure their citizens are gainfully employed. Being no exception, Ghana came up with the Nation Builders Corps (NaBCo), where anyone who applies gets the necessary tools to secure a job. The Federal Government introduced the NaBCo scheme to provide jobs to over 100,000 unemployed graduates. The...

The National Hospital Insurance Fund (NHIF) currently caters to the health needs of over 9 million Kenyans. More so, back in 2015, this scheme is known to have created the National Hospital Insurance outpatient services back in July and over the years, several changes have been made to the act to adequately cater to the healthcare needs of the teeming Kenyan population. This medical scheme also works with a...

Prominent African actress Mercy Aigbe has earned pride of place as one of the most influential and highest-earning Yoruba speaking actresses with a net worth of $1 million. The Nigerian beauty earns from multiple sources working as an actress, movie producer, movie director, model, and entrepreneur. Mercy burst into the limelight on the set of the Yoruba movie Ara in 2006 and has since then not looked back. Her...

In 2018, the Co-operative Bank of Kenya revealed that it had more than 7.5 million accounts under its care, making it one of the biggest banks in the country. The bank has many branches spread across Kenya and various departments and units including its customer care unit which is one of the most important units of the bank. It has helped in ensuring that all issues of customers are...

DStv, the South African establishment has served and continues to serve millions of pay-TV subscribers across Africa. In Ghana, DStv offers premium home entertainment through its array of affordable and robust packages. With customers spoilt for choice, finding the right package that suits one requires a healthy dose of background information on each one. From the price to the channels on offer, knowing these things will help determine the right...