Wealth.ng
Loan and Equity funding

Between loan and equity funding, which is best for startups?

Loan and equity are both viable means of funding businesses. Entrepreneurs choose either or the bother of them, depending on what works best for them.
Cars45 CEO, Etop Ikpe, Import duties, Nigerian customs, Border closure, Nairametrics news, Business news

Cars45 CEO explains how to increase demand for Made in Nigeria cars

Etop Ikpe is the Chief Executive Officer of Cars45, one of Africa’s largest digital automotive trading platform.
Kongo company result, Konga acquisitions, Konga CEOs, Zinox Group acquires Konga, Early Metrics rates Konga, Zinox acquires Konga, Konga joins Intel's Retail Accelerator Programme

Is Konga following Redeemed Church strategy in e-commerce market?

I see a growing similarity between The Redeemed Christian Church of God (RCCG), one of Nigerian’s biggest Pentecostal churches, and Konga, Nigeria’s foremost composite e-commerce giant in their mode of operations.
Kwikmoney changes name again, raises $20 million in series B funding 

Kwikmoney changes name again, raises $20 million in series B funding 

Kwikmoney has changed its name for the second time as it makes inroads into the international markets.
financial security, Financing for Small Business, Financing for Small Business, Why having a growth plan is important for your business, Here’s how to SWOT your way to competitive advantage, Reasons your business might be struggling even when you’re making profits, How to choose the right co-founder for your startup

Financing for Small Business

A small business is “small” with limited capitalization and fewer options to raise cash to finance operations.
Should Gokada and Max.ng be afraid of ORide?, OPay reacts to office shutdown, N25 million license fee, OPay management denies payment issue as ORide riders protest against road transport workers union 

OPay management denies payment issue as ORide riders protest against NURTW

ORide took to the road to protest “multiple ticketing,” which is described as extortion, by the union members. 
Carbon to empower more start-ups with new platform 

Carbon to empower more start-ups with new platform 

Carbon, one of Nigeria’s foremost digital financial services company, has launched a digital financial services platform, Carbon for Business.
Three tech startups provide solutions to Nigeria's health, property, automotive problems 

Three tech startups offer solutions to nation’s health, property, auto problems 

Itanna held its second acceleration programme where three innovative startups, Gerocare, E-Estate and SimbiBot showcased their solution to problems.
Stay ahead of your competitors with these tips

Stay ahead of your competitors with these tips

You will only achieve success if you run your business on your own terms, and not fall prey to chasing after rivals in your industry.
Flutterwave emerges Y Combinator’s African most valuable startup 

Flutterwave emerges Y Combinator’s African most valuable startup 

Flutterwave has emerged as the most valuable company from Africa according to American seed accelerator, Y Combinator’s (YC) list.
Nigerian SMEs

Konga’s former CEO, Sim Shagaya, explains the main problems facing SMEs

Nigerian serial entrepreneur and former CEO of Konga, Sim Shagaya, has shared some insights into the challenges facing Nigerian entrepreneurs today.
Nigerian startups dominate winners’ list at the maiden Africa Netpreneur Prize Initiative 

Nigerian startups dominate winners’ list at the maiden Africa Netpreneur Prize Initiative 

Ten African startups won a total of $1 million at the grand finale of the maiden edition of the Africa Netpreneur Prize Initiative (ANPI). 
Arnergy, Norwegian Investment Fund for Developing Countries, Norfund, EDFI ElectriFI, All On

Nigerian energy startup raises $9 million in Series A funding

Nigerian energy startup, Arnergy has raised about $9 million in a Series A round of funding, led by Breakthrough Energy Ventures.
Bolt Taxify

Bolt launches new platform for “corporate trips”

On-demand transportation platform, Bolt, has launched Bolt for Business which is a new platform for corporate trips.
Sim Shagaya's Edtech startup secures $3.1 million Seed Funding

Sim Shagaya’s Edtech startup secures $3.1 million Seed Funding

Nigerian edtech learning platform, uLesson, has secured a $3.1 million seed funding from TLcom Capital in order to address infrastructure and learning gaps in...
Loan and Equity funding

The Founder: 8 important lessons every entrepreneur needs to learn

The 2016 movie The Founder is packed with important lessons for entrepreneurs. It draws open the curtains and takes you behind the scenes, revealing the secrets to how Ray Kroc turned McDonald’s into one of the biggest fast food restaurants in the world.
Financial skills everyone should master (1), , Essential soft skills that will help you succeed in your business

Essential soft skills that will help you succeed in your business

The most successful entrepreneurs have developed a certain set of skills that has helped them reach their goals.
Cash and carry: OLX Group becomes largest shareholder in Cars45's parent company, FCG 

OLX Group becomes largest shareholder in Cars45’s parent company, FCG

Berlin-based startup, Frontier Car Group (FCG) has secured $400 million from OLX Group.
bad, loan, start, business, my, right, When is the right time to start my business?

When is the right time to start my business?

The perfect time to start your own business may be very personal, but identifying that time isn’t as hard as you might think, either.
Mastercard buys Jumia shares, Jumia get $56 million from Mastercard, Jumia NYSE IPO listing, MTN, Jumia Investors, Q3 ’19: Jumia grows revenue by 52%, Like Gabon, Congo, Jumia shuts operations in Cameroon, Jumia: Platform that holds the Ace in Africa 

DEAL: Jumia has sold its real estate assets portal to EMPG’s Mubawab

Dubai-based Emerging Markets Property Group (EMPG), Mubawab has secured the purchase of Jumia's North-African real estate portal, Jumia House.
EZ Farming

Nigerian agric-tech startup, EZ Farming clinches $150,000 seed funding 

EZ Farming is the latest agricultural technology startup to benefit from a $150,000 seed funding from 500 startups,
How to grow your net worth

Financial expert teaches how to write a good business plan

A Nigerian financial expert, Kalu Aja via his Twitter page shared tips on how entrepreneurs can write a business plan for funds assessment.
Setting goals for your startup - what you need to know (Part 1)

Setting goals for your startup – what you need to know (Part 1)

The easiest definition of a business goal is the main reason why your business exists. What made you start the company?
4 Nigerians out of 10 Africans make Jack Ma's $1m Netpreneur Prize 

4 Nigerians out of 10 Africans make Jack Ma’s $1m Netpreneur Prize 

4 Nigerians out of 10 Africans have been shortlisted for the Africa Netpreneur Prize Initiative founded by Chinese billionaire, Jack Ma.  
Mark Essien Startups

Mark Essien has a word of caution for startups

The founder of Hotels.ng and startup investor, @Markessien has shared two vital things every startup owner should know that can help grow their business. 
WePrototype Press Release conference

Young and creative Mayowa Okegbenle creates innovative approach to building apps for professionals

WePrototype Technologies, a new technology company in Nigeria, unveiled its brand on Tuesday, June 11th, in Lagos, to provide the latest Google technologies to Nigerians. This will be combined with prototyping to build mobile apps for professionals.
Creating a project plan for your startup: Here’s what to look out for

Creating a project plan for your startup: Here’s what to look out for

A project plan is a document that covers every aspect of the project and its management.
Africa-focused venture capital firm hosts summit to boost female representation in tech 

Africa-focused venture capital firm hosts summit to boost female representation in tech 

In a bid to help boost female representation in the tech industry, TLcom Capital hosted an African Tech Female Founder Summit.  
Tax Waivers for startups - Emotional intelligence

Stakeholder explains why FG should provide tax waivers for startups

UNIC Foundation, a non-government organisation (NGO) has revealed the reasons why the Federal Government should provide tax waiver for startups.
Start-up owners must believe in Nigeria to scale, says Ekeh, Zinox Boss

Start-up owners must believe in Nigeria to scale, says Ekeh, Zinox Boss

Leo Stan Ekeh has disclosed that budding entrepreneurs and business owners must retain a level of belief in Nigeria in order to scale their business.