To better visualize the subnational microfinance landscape in Nigeria, we partnered with the Microfinance Information Exchange (MIX) to build Nigeria.MIXmarket.org. The new site is a window into a part of the world experiencing a microfinance boom with growth rates ranging between 20 to 50 percent over the past few years. The site shows where banks are and aren’t operating and aims to help show why by relating the locations of microfinance banks with potentially relevant socio-economic indicators.
The more you know…
A BBC documentary done a few years ago about the complexities of poverty in a growing city (Lagos)…
The Journey to Amalgamation is about the creation of modern Nigeria.
The documentary takes viewers on an engaging journey from the early empires and great city-states to the legends of pre-colonial Nigeria and the stories of those individuals who fought valiantly to preserve the sovereignty of Nigeria in the face of colonial rule.
The more you know…
29-year-old Ayodeji Adewunmi first took an interest in the Internet in 2006, while studying medicine at Nigeria’s Obafemi Awolowo University. He spent the next three years learning the intricacies of establishing and sustaining a business before starting his own company, Jobberman.com.
In August of 2009, I started Jobberman.com with two friends, Opeyemi Awoyemi and Olalekan Olude. We decided to focus on the online job space for three reasons: one, the market opportunity considering the ever growing number of people within the working population was too huge to ignore; two, the increasing rate of connectivity and broadband penetration was telling; and three, the low capital requirement removed all the inertia to starting.
Today, Jobberman is the most trafficked job site in sub-Saharan Africa, with over 700,000 professionals and 9,000 companies, and is in a strong financial position with venture backing from Tiger Global. I’ve had the opportunity to play an important role in the company’s growth and development and I’ve learnt and am still learning important lessons around entrepreneurship.
It is critical to focus on fundamentals (via Diary Of An Under 30 CEO: Entrepreneurial Lessons From Jobberman.com - Ventures Africa)
Keep it up Ayo….
Get familiar….Dope work all around guys…
A production of the Northern Nigeria Information service in 1959 presents “Giant in the Sun”
A short documentary showing the foundation laid down for the development of the Northern region just before Nigeria’s independence in 1960.
This is believed to be one of the earliest colored film shot in Nigeria.
The more you know…
New central bank regulations and difficulties in operating outside the domestic environment are not stopping Nigerian banks laying out plans for new pan-African growth.
Up to now, UBA has been the most noted of Nigerian banks for its pan-African business. Between 2008 and 2011, UBA brought the number of African countries in which it operates from two to 19, according to chief executive Phillips Oduoza.
Although the rest of Africa today accounts for only about a quarter of UBA’s assets and revenues and 13% of its profits, the bank hopes that figure will rise to about 50% as the new operations begin to yield higher returns.
Last year, Nigeria’s central bank imposed tighter rules on funding international subsidiaries, part of a wider push to stabilize the sector after a 2009 banking crisis. That will make it harder for others to replicate UBA’s spread, says Oduoza.
Nevertheless, Segun Agbaje, CEO of GT Bank, says his bank is expanding outside west Africa, where it already operates in six countries. In 2013, he hopes to do a small east Africa acquisition for a new sub-regional operation, based in Kenya.
After east Africa – where Agbaje hopes to cover Kenya, Rwanda, Tanzania and Uganda – GT’s next step will be Mozambique, Cameroon and ideally Angola, and perhaps new francophone Africa operations, although probably after 2016.
Follow the money…
Well done fellas… #Nigeria #Africancupofnations #soccer