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Showing posts from April 24, 2016

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Nigeria Extractive Industries Transparency Initiative (NEITI) wishes to clarify its earlier statement that the Group Executive Director, Finance of NNPC, Mr. Isiaka Abdulrazaq, had claimed at a recent meeting with NEITI that the assignment of eight oil blocks by NNPC to one of its subsidiaries, the Nigerian Petroleum Development Company (NPDC), was not transparent and would be investigated. 

NEITI wishes to state categorically that Mr. Abdulrazaq did not say that the transaction was not transparent; neither did he say the new NNPC Management would investigate the transaction. It was a discussion about the full payment of the consideration for the divestment and some reconciliation issues flagged in the finalized 2013 NEITI Audits that occasioned the mix-up.

CEO on Spotlight: Deji Irawo and the X2D TV Brand

Our CEO of the Week is Mr. Deji Irawo, CEO of De Kings Vision Ltd owners of X2D (Exclusive To Divinity). He and his team will be launching the first safe entertainment TV station in June. Read the whole gist on the blog earlier posted here. Jenny

Enterprise Watch: Clarifying the Myth of Cheap Coal - NaijaCynth Blog

In today’s world, access to electricity is one of the key measurements of a city or country’s standard of living – some countries have gone as far as making access to power a fundamental human right. In the simplest terms, any country desirous of development and industrialization must provide electricity for its citizens.

Developed countries have come at this problem in many ways, hydro generated power, coal power, solar energy and for the most advanced of them- the dangerous challenge of nuclear energy. Power is a rather peculiar topic to focus on as a Nigerian. Despite having Africa’s largest population (estimated at 170 million) and economy by GDP ($521 billion as of 2013) successive administrations have failed to raise power generation past a record 5,000MW.

To put this in perspective, South Africa has a population half Nigeria’s size and generates 252, 578 Gigawatt hours (2014 estimate). The promise of stable electricity has become a cliché campaign promise. The Obasanjo administration…

Business Fireside Chat Powered by Jovago and Ideahub

I was invited to attend this event but I can't make it from Abuja on short notice.
So I am cordially inviting you to the Business Fireside Chat powered by Jovago. com and Ideahub.
As an e-commerce company, is working with tech hubs across the country to build the Nigerian business ecosystem and this edition with the topic 'How to effectively acquire customers and strategies for retaining them' will serve as a knowledge-sharing platform between seasoned business owners and budding startup entrepreneurs.

Date:    Friday 29th, 2016 Time:   1PM-3PM Venue: IdeaHub, 296 Herbert Macaulay Road,              Sabo, Yaba, Lagos
Let me know if you plan to attend so I can inform the organisers. Cheers!

5 Keywords Nigerian CEOs Should Avoid In Emails

Like the rest of the world, Nigerians have replaced hard-copy memos and letters with e-mails. The average person would rather send an email -whether personal or for official purposes- than type it out on paper. Unfortunately, emails can make things go horribly wrong as certain words used can come off as haughty when the original intent was probably to sound proactive, efficient or even  likable.


De Kings vision Limited, owners of X2D (Xclusive 2 Divinity),Africa's leading gospel inspired safe entertainment and lifestyle TV brand proudly announces the long anticipated launch of the new X2D channel  come June, 2016 on the CONSAT pay TV platform.

X2D has over the past seven years evolved into Africa's most syndicated gospel inspired entertainment and lifestyle TV brand haven aired on over 50 TV stations across Africa and the UK while offering the most multi diverse content like high quality music videos, interviews, RED carpet, behind the scene of music video shoot, comedy, dance, spoken word and other creative expressions in the history of gospel inspired TV brands in Africa.
The new X2D channel promises to be Africa's premium gospel inspired

10 CEOs World Over Set for The Africa Start Up Cup Competition Accra

The maiden Africa StartUp Cup competition that will hold in Accra, Ghana on April 29 have the confirmation of 10 CEOs.
The CEOs are Sean Griffin, CEO & Founder of StartUp Cup World (Washington DC) , Diana Ofwona, West & Central Africa Regional Director of UN Women, Neal Hansch, Managing Director of MEST (Ghana) , Albert Biga, CEO of Zooba Shop (Ghana), Neeraj Gala, Product & Innovations Director of Bharti Airtel Africa (Kenya Head Quarters) , Ethel Cofie, Founder & CEO of Women in Tech Africa (Ghana) and they will be motivating young africans to also become the next force in business.

Exclusive Interview: Ugo Udezue, CEO African Basketball League (ABL)

You must be familiar with the African Basketball League (ABL) by now, so I took time to bring you an exclusive interview with the 'Oga patapata'. Enjoy his chat with one of our contributors, Tonia Odili.

Q: How has the ABL been going so far?

The ABL has been going very well, we have exceeded all our expectations and projections, our fan base is growing, our All Star weekend attracted hundreds of fans from outside Nigeria while the All Star game itself had more than 3000 people in attendance and we have been successful in redefining the value of sports and entertainment in Africa, but most importantly we are proud that our fans find value in this one of a kind innovation. In an era when so many countries are experiencing economic downtime, ABL has created over 300 jobs across Africa in such a short time with our emphasis on local content and the local manufacture of our products in a space that never existed before the ABL.


Nigeria's Capital city of Power- FCT Abuja is set to host 12 West African Countries at the historic West African Philanthropy Awards coming up in June. The noble event which is billed to bring the finest West African Philanthropist together is aimed at celebrating outstanding contributions of Individuals and organizations so as to create awareness on the significance of giving thereby creating role models for local philanthropy.

Enterprise Watch: Is Nigeria Ready To Pay The Full Cost Of Harnessing Power?

With a population of over 180 million and growing, Nigeria with an average power generation of 4,500mw, requires 12,000mw megawatts to ensure steady power supply, but ultimately needs 200,000mw for all her electricity requirements. To meet this power need, the present administration has vowed to look towards other sources of producing electricity away from the hydro and gas-powered plants, which has been a source of epileptic power supply into the national grid.

The problems faced in the mentioned methods of power production are low level of water to drive the huge turbines at the hydro power plants and lack of gas to fuel the generating sets at the gas-powered plants which litter the Nigerian scape. To deal with this challenge, the government of President Muhammudu Buhari stated it will start producing power with the use of Coal – a decision which will see coal-powered plant contribute at least 30% into the current power-mix by 2030.