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Showing posts from December, 2015


   LAGOS, NIGERIA -   January 1, 2016   - Budding entrepreneurs across Africa can now apply to join the second annual Tony Elumelu Entrepreneurship Programme (TEEP) for start-up businesses based in Africa. The Tony Elumelu Entrepreneurship Programme application portal opens for entries today,  January 1, 2016  and will accept applications until  Midnight  WAT on  March 1, 2016 .  To apply, entrepreneurs must complete the online application form on the web portal  here Successful applicants who complete the programme will receive

AliBaba's Jack Ma buys South China Newspaper

 By Gistmaster, E-commerce Billionaire,Jack  Ma is buying the South China Newspaper.It would be recalled that fellow ecommerce billionaire,Jeff Bezos of Amazon also bought Washington Post in 2013 for $250 Million. Techcrunch wrote that Alibaba has jumped into the news business after the Chinese company confirmed on Friday that it has agreed to acquire the South China Morning Post (SCMP) following weeks of rumors. The Hong Kong-based newspaper and SCMP Group’s other assets, which includes local editions of Esquire and Elle, will cost Alibaba a little over HK$2 billion — around US$262 million — according to a regulatory filing. Alibaba didn’t disclose the cost of the deal when

BUA is Killing Nigerian Economy-NSDC

The federal government has raised the alarm over continuous sabotage of its economic policies by local business conglomerate, BUA group.   The regulatory body charged by the federal government to see to the transformation of the sugar industry in the country from one dependent on massive importation to an integrated producer of the essential commodity, the National Sugar Development Council (NSDC), which made the claim, said some companies especially BUA had flouted the terms and conditions for obtaining a three-year low tariffs for sugar importation into the country.  The Executive Secretary of the council, Dr. Abdullatif Demola Busari, said in January 2013, that the federal government approved concessionary low tariffs of 5 per cent duty and 5 per cent levy for raw sugar imports for three companies including the BUA Group as against the 5 per cent duty and 70 per cent levy contained in the National Sugar Policy.  The Executive Secretary said though the high tariffs for refined su