Nigeria is currently ranked 133 out of 183 countries in the Ease of Doing Business Report. This puts Nigeria amongst the worst when it comes to doing business in the world. On a brighter side, the same report also estimates the minimum capital required to do business in Nigeria at zero per cent. This means that it can take absolutely nothing to start a business in Nigeria, thus putting her amongst the best (82 countries) in the world. However, running a business in Nigeria can be onerous and expensive. So many costs can be incurred depending on your type of business, but the following cut across nearly every business.
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Thursday, January 17, 2013
Common Costs Entrepreneurs Incur In Nigeria
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2 Persons, 11 Cows Die As Truck Plunges Into River
Two persons and 11 cows died in the wee hours of yesterday, when a truck plunged into a river at Abaji town, along Abuja-Lokoja road.
A witness said the incident happened at about 3:15 am. He said a Marcopolo luxury brand bus with registration number XB 125 KPU overtook a vehicle on the bridge top and collided with an oncoming truck that was loaded with cows. "The truck’s head pulled off and entered into the river with the driver and a passenger trapped to death," he said.
Tips to help grow your small business
After successfully starting up a business, astute entrepreneurs seek better ways to expand their reach, Okechukwu Nnodimwrites
In our previous piece on this topic, it was stated that entrepreneurs, who have survived start-up and build successful small businesses, need to take further steps to expand their ventures. If you have survived the hurdles of starting up and building a thriving business, you may be wondering how to take the next step and grow your business beyond its current status. Small business consultants and owners of established ventures, say there are many possibilities or ways on how to grow your business.
Friends hold candle-light procession for slain doctor
Friends of Dr. Irawo Adamolekun, who was killed in Lagos traffic on Friday by a gunman on motorcycle, held a candle-light procession for him on Wednesday. The walk held simultaneously in Lagos and Abuja and lasted for almost two hours. The Lagos procession began from Military Hospital, Awolowo Road, to Falomo while the one in Abuja was held in Wuse. Adamolekun’s former classmates and co-workers attended the Lagos procession.
His friends were clad in black t-shirts with the inscription, “Irawo Isaac Adamolekun, 1986-2012, Rest in Peace our shining star.’ They sang hymns and songs of praise, describing him as a sociable and forgiving soul.
PDP’s bees that sting Oyinlola
OLUSOLA FABIYI writes on the travails of the erstwhile National Secretary of the Peoples Democratic Party, Prince Olagunsoye Oyinlola, in the power tussle raging in the party
As soon as he walked into the Rivers State Governors Lodge and saw the Chairman of the Nigeria Governors’ Forum and the Governor of Rivers State, Mr. Rotimi Amaechi, the former Governor of Osun State, and until Monday, the National Secretary of the Peoples Democratic Party, Prince Olagunsoye Oyinlola smiled and shouted, “His Excellency.”
Family seeks help for paralysed son
For the family of Alhaji Kamardeen Abdul-Mojeed of 24, Imoru Road, Ijebu Ode, Ogun State, the horrible accident of December 11, 2011, involving members of the family cannot be forgotten in a hurry. On the fateful day, a ‘learner’ driver allegedly rammed his Sport Utility Vehicle into aKeke NAPEP (tricycle), conveying Abdul-Mojeed’s wife, Sikirat, and his two sons, Mubarak and Ridwan.The Jeep owner and a passenger in the tricycle died on the spot.
Tribute Night for Pete Eneh to hold January 21
The Actors' Guild of Nigeria tribute night for late veteran actor Pete Eneh, will hold on Monday January 21 at Ossisatec, Lower Ogui Rd Junction in Enugu. Road walk from 3-4pm. Candle light procession to New Berries park Enugu 7-8pm. Dress code is white.
Pastor Beats His Two Wives To Death
Arthur Schirmer bowed his head, put his hands over his ears and squeezed his eyes shut Tuesday as a forensic pathologist described how he says the former pastor bludgeoned and killed both of his wives.
Dr. Wayne Ross, who performed an autopsy on Jewel Schirmer in 1999 and then investigated the death of Betty Schirmer nine years later, said the evidence clearly shows that both women were savagely beaten with a crowbar or some other heavy cylindrical object. He said Schirmer staged both crime scenes to make it appear as if they'd died in accidents.
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We lost everything to tanker fire – Mbiama residents
Shadrack Christmas, 45, was among the people who were rendered homeless on Friday when a tanker exploded and went up in flames at Mbiama, a border community between Bayelsa and Rivers states on the East-West Road. Christmas who hails from Ekeremor in Bayelsa State was away to fend for his family when he got the report of the incident. “I hurried home immediately I heard it only to discover that there was no home again. The place l called home had been razed by fire,” he told PUNCH Metro.
Obasanjo’s recommendation for tackling Boko Haram
The recent “carrot and stick” approach recommended by former President Olusegun Obasanjo to the solution of the Boko Haram insurgency should be taken seriously by President Goodluck Jonathan. Till date, among all our past leaders, Obasanjo has continuously shown concern, worry and proffered solution to this lingering crisis. He, human like all of us, though, has his faults which many of us have at one time or the other kicked against both while he was in or out of power. Yet, it is often said that, messages are considered while the messenger can be ignored. Obasanjo as a former president and military chief in this country has a lot to offer in terms of experience and tactics in security matters. We cannot for very obvious reasons sideline him when he speaks on similar issues just because we differ with his political moves. We should and must take him seriously because of our interest in building and achieving peace and unity in this country.
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PDP meets Obasanjo, others
The leadership of the Peoples Democratic Party is to meet former President Olusegun Obasanjo and some leaders of the party from the South-West. The need for the meeting was arrived at after a two-day meeting at the residence of the National Chairman of the party, Dr. Bamanga Tukur. Members of the National Working Committee were also at the meeting.
A member of the NWC made this known to reporters in Abuja on Wednesday evening. The meeting is scheduled to hold in Abeokuta on Saturday. It was learnt that the meeting is aimed at placating the South-West over the removal of Prince Olagunsoye Oyinlola as the National Secretary of the party.
Punch Nigeria
CBN revokes licences of 236 Bureaux de Change
The Central Bank of Nigeria on Wednesday withdrew the licences of 236 Bureau de Change operators. The bank, in a circular made available to our correspondent, said the withdrawal of the licences took effect from Monday, January 14, 2013. The circular read in part, “This is to inform all authorised dealers and buyers (BDC operators) and the general public that the operating licences of the Bureau de Change companies stated below are hereby revoked, with effect from January 14, 2013.
How Dangote's Truck Drivers Killed Over 200 Nigerians
Accident just like its meaning is a mishap or an unforeseen and unplanned event or unfortunate circumstance, often with lack of intention or necessity but when it becomes rampant especially in a suspicious manner and to the extent that, lives are being lost in a reckless way depicting a voodoo approach, in a society where wealth and richness could be traced to spiritualism, then there's an urgent need for authorities to nip it in the bud.
One of these is the consistent accidents from many of the drivers of the man reputed to be the richest in Africa, Alhaji Aliko Dangote. Aside being a multi billionaire business mogul of note whose track records transverse the Almighty FORBES, the man is also inching for the Guinness Books of Records by employing Phd holders as drivers.
I may change my mind on 2015 election –Buhari
Former Head of State and three time Presidential candidate, Maj.-Gen. Muhammadu Buhari (retd.), has said the ongoing merger talks by the major opposition political parties will determine if he will run for president in 2015.Buhari said this in Abuja on Wednesday while fielding questions from reporters after inaugurating the Congress for Progressive Change Merger Committee.The 18-member committee is saddled with the responsibility of having talks with the Action Congress of Nigeria on the proposed merger.
Wednesday, January 16, 2013
Photo: Fake Police Is Busted When He Arrests A Real Police Officer
Prince George’s County Police say 29-year-old Anthony Kenneth Mastrogiovanni, of the 900 block of Eastham Court, was driving a white pickup truck on southbound Route 301 when he attempted to stop the Capitol Height Police Officer in his personal vehicle around 4:09 p.m. The off-duty officer identified himself as being a Capitol Heights Police Officer to Mastrogiovanni who, in turn, said he was a military police officer from Louisiana and advised the officer that he was speeding.
Robber kills woman after identifying gang member
The death toll of the Lagos robberies which occurred in various parts of the state on Saturday and Sunday, has risen to nine after it was reported at Ajah Police Division that a mother of two, Badejoko Akinrujomu, was killed by one of the robbers. According to a friend of the deceased, the robbers had while attacking Akinrujomu’s home on Sunday night, tied up all the occupants of the house.
Jonathan launches S’West onslaught against OBJ
There are strong indications that President Goodluck Jonathan and the National Chairman of the Peoples Democratic Party, Dr. Bamanga Tukur, have begun fresh moves to seize the control of the party in the South-West from former President Olusegun Obasanjo. Investigations on Tuesday also showed that the moves were to ensure that Prince Olagunsoye Oyinlola did not return as the PDP National Secretary.
Oyinlola, a political protegee of Obasanjo and former Osun State governor was on Monday directed to step down by Tukur. The action was viewed by political observers as part of the strategies by the President and his team to whittle down the former President’s influence, especially in the South-West PDP.
Food Poisoning Kills Emibrian, LKT’s Manager One Month After Wedding
Reports say Edlyne Records’ Artiste/Repatour manager (A&R), and artiste, LKT’s manager, Emmanuel Okoi, better known as Emibrian, is dead. Emibrian died today January 15 at Agege General hospital after weeks of battling an unknown ailment, which was later identified as poison. According to reports, series of tests were conducted to ascertain the nature of his ailment without any result until a recently conducted test revealed Emibrian was poisoned.
We’re merging to save Nigeria –ACN, CPC, ANPP
The three leading opposition political parties, the Action Congress of Nigeria, Congress for Progressive Change and the All Nigeria Peoples Party, on Tuesday said their plan to merge was to save the country from collapse.Their leaders spoke in Abuja at the presentation of Manifesto of a Nigerian Opposition Politics, written by a civil rights activist, Mr. Salihu Lukman. According to the ACN National Chairman, Chief Bisi Akande, all progressives must unite in order to send the ruling Peoples Democratic Party out of power in 2015.
18 Human Heads Shipped From Italy Held At Chicago Airport
A shipment of 18 human heads, still covered in skin, was held at Chicago O’Hare International Airport by U.S. Customs and Border Patrol. Customs officials halted the heads for investigation before handing them over to the Cook County Medical Examiner’s office. “We are involved because they can’t store them any longer,” Tony Brucci, chief of investigations at the medical examiner’s office told ABC News. “We’ll be examining the heads in the autopsy room today, but there is no foul play suspected in the collection of the heads.”
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