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Showing posts from September, 2015

Nigeria's Market Too Tough For South African Companies

"To make it big in Africa, a business must succeed in Nigeria, the continent’s largest market. No one said it would be easy". This is the sentiment by the Economist in a publication of August 23, 2014. They referred to Nigeria as 'Africa's testing ground' for business. Rightly so. Thriving in Nigeria, Africa’s largest economy, is tough. On Friday (Sept. 25), Tiger Brands—South Africa’s largest food company—announced that its CEO, Peter Matlare, would step down at the end of this year . Matlare had led the company’s unfruitful acquisition of a 63% stake in Dangote Flour Mills, a Nigerian company that produces flour, noodles and pasta, and is partly owned by Africa’s richest man , Aliko Dangote. Tiger Brands spent 1.5 billion rand ($173 million) on the deal in 2012, hoping to exploit Nigeria as a growth area (pdf) for consumer and food products. But when Tiger’s interim results were released in May this year, it had written down R954 million of i

FBI: Yes, Aliens Exist

Aliens do exist, according to a top secret FBI memo found by researchers into UFOs. Investigators at the Hakui Centre for UFO Research in Tokyo, Japan, claim they have discovered a document that proves there is extra-terrestrial life. The FBI memo contains details about flying saucers being piloted by three feet tall aliens. The Bureau is said to be concerned about the findings at the research centre, fearing the discovery could lead to members of the public gaining access to thousands of documents. The FBI memo reportedly reads: “An investigator for the Air Force states that three so-called flying saucers had been recovered in New Mexico. “They were described as being circular in shape with raised centres, approximately 50 feet in diameter. “Each one was occupied by three bodies of human shape but only 3 feet tall, dressed in metallic cloth of a very fine texture. “According to Mr (name blanked out), the saucers were found in New Mexico due to the fac

Most Wanted Man In Africa Is A Nigerian: 23 Facts

  With a bounty of $7m on his head, Mr Shekau is worth more to the Western World than any other outlaw in Africa. Most of what is known about the continent's most notorious terrorist derives from his terrorist sermon videos.  Having lost over 15,000 civilians and military personnel, expended billions of dollars, through 6 years hunting for him all over North Eastern Nigeria, the Nigerian military have come out with claims of having killed the man. As at last count, he had been killed 4 times, and 4 times he has resurfaced - 3 times with a video and the last time with an audio.  As Boko Haram attacks continue to spill across Nigeria's borders into Chad, Cameroon and Niger, Shekau's profile continues to rise. He has earned his place as the earthly concern of 4 presidents and others are getting interested. More world leaders now want him dead.  Chad's president Idris Deby is latest to claim the death of Shekau; the claim to which the terrorist (or a double)

Will Smith Speaks Nigerian English. Nigerians React

Will & Jada Pinkett Smith The long awaited trailer of the movie ‘Concussion’ is out, and a matter of interest is star act Will Smith's Nigerian accent in the movie. Will Smith plays the Nigerian medical doctor, Dr Bennet Omalu, who  discovered a neurodegenerative disease affecting the brains of NFL players in 2002. His Nigerian accent has since become talk of the town on twitter as Nigerians, unable to help themselves, sent in their reactions .

Watch Lille Celebrate Enyeama's Birthday

Vincent Enyeama, captain of Super Eagles, Nigeria's senior soccer team, received a thunderous birthday vocal treatment from Lille fans on Saturday August 29 as he turned 33. The video will make the heart of every Nigerian, Akwa Ibom person and Annang man shudder in pride.  The shot stopper also kept a clean sheet for the team as he extended his record to 3 games without conceding this season. In some related news, he lost his mum, and is not travelling with the Super Eagles as they head to Tanzania today. He gave reasons as "Personal", but stand-in captain, Ahmed Musa tweeted the teams support for him in trying family times.

Is Dangote Selling His Home? Why?

This is said to be the $30m home of Africa’s richest man’s home, Dangote. According to Africa Cradle who were given access to the Abuja mansion, Mr. Dangote has called this place home for good 12 years, and he said he is selling the property because he has just completed a new piece of real estate in the United Kingdom. On his living room, he said "Television is an invention that permits you to be entertained in your living room by p eople you wouldn’t have in your home. I love watching television. I watch a lot of business channels, such as Bloomberg TV, which is my favourite and many others. I look forward to the day when AFRICA will have quality media, which gives us good entertainment, and insightful information into African business trends and those from other parts of the world as well. But yeah, welcome, this is my living room." “I feel bad to show you where I sleep, you know,” he said, showing us into the bedroom. “But here is where I sleep.

APC Campaign Promises 100 Days After

Their Claims Today  Garba Shehu, Senior Special Assistant to the President on Media and Publicity:   “There is a certain document tagged ‘One Hundred Things Buhari Will Do in 100 Days’ and the other, ‘My Covenant With Nigerians’. Both pamphlets bore the authorized party logo but as the Director of Media and Communications in that campaign, I did not fund or authorize any of those. I can equally bet my last kobo that candidate Buhari did not see or authorize those publications. “As a consequence of these publications, expectations have been raised unreasonably, that as President, Muhammadu Buhari will wave his hand and all the problems that the country faces- insecurity, corruption, unemployment, poor infrastructure – would go away.”  ( Lai Mohammed, National Publicity Secretary for the APC: “Buhari never promised to do anything in 100 days, that’s the honest truth,” Mr. Mohammed. “You s