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The President/Chief Executive officer, Dangote Industries Limited, Aliko Dangote, saw its total net worth drop by $2.5bn in the last 30 days, according to Bloomberg Billionaires Index. The index, which is a ranking of the world’s 500 richest people, showed that his wealth fell from $15.9bn as of February 25, 2020, to $13.4bn on March 26. It had risen to a high of $16.5bn on January 27. He was the only Nigerian on the list of 500 billionaires and retained his position as Africa’s richest person. “Africa’s richest person controls Dangote Industries, a closely held conglomerate. The Lagos, Nigeria-based Company owns sub-Saharan Africa’s biggest cement producer, Dangote Cement, which had revenue of N901.2bn ($2.5bn) in 2018. It also has interests in sugar, salt, flour, fertiliser and packaged food,” Bloomberg said. The share price of Dangote Cement Plc, the biggest listed company on the Nigerian Stock Exchange, fell by 23.71 per cent to N129.70 on Thursday from N170 on Febru

Lets be honest, being an entrepreneur is not as easy job and keeping clients is not a strong suit for everyone so today, I will be pointing out just a few things to do to retain clients. I'll admit that getting clients is easier than keeping them because a lot of people may be doing what you do and may probably be better at it than you. Things you can do to retain your clients: Sharpen your skills: There's no harm in trying to be a better version of yourself even when it comes to your work. You can always read about what you do and how others are doing it to make your own methods better. You can also attend seminars, meetings or even a book club with people interested in what you do and also reading about it to share ideas and get some inspiration. Be punctual and on time: Similar to the feeling you get when you order a meal youve been craving at the exact time you want it with the exact drink you want, is the feeling of being a satisfied customer getting what you order

The numbers of victims of the Coronavirus increase by the day. Keeping your business from sinking is one of the major priorities during this crisis. A few notes and tips on how to keep your business moving in this crisis are: Follow the prevention steps provided by the Health Management Organizations i.e wash your hands regularly and keep them sanitized, use a tissue for coughs, avoid touching your face, drink water regularly, eat healthy and generally maintain a high level of hygiene. Digitize your business and move it majorly online. Don't stop marketing. Keep showing the world and your potential customers what you have to offer to them and don't relent. Keep in touch with your staff and keep them motivated to work. Give your customers attention, they are your priority and showing them you are available to them in this crisis will tell them how dedicated you are to them and to your business. Most importantly, stay safe as you will be in contact with lots of p

The World Health Organization (WHO) has declared the coronavirus outbreak a pandemic amidst continued spread all around the world. Health agencies have advised several safety measures and how best to stay safe at this time, including limiting exposure to crowds. Importantly, research suggests that while viruses survive on most surfaces for around 48 hours, paper money can transport a live flu virus for up to 17 days. And, while polymer banknotes are considered three times cleaner than their paper counterpart, they can still carry harmful bacteria for anywhere between 6 and 24 hours. The health and welfare of bank staffs and its customers are of great importance. Thus, in addition to measures put in place at bank branches to reduce the risk of potential transmission, we are encouraged to minimize cash transactions by using our self-service channels to securely and conveniently transact anywhere and anytime. The following are tips to help Bank Safely: ATM Cards - Use your

Guaranty Trust Bank Plc has announced the launch of Beta Health, a low-cost health financing product that offers instant access to health insurance for every Nigerian. The first of its kind in Nigeria, Beta Health provides coverage for basic and essential health services such as; general consultations, treatment for malaria, Ante Natal care, amongst others, for a subscription of N500 a month. As at 2018, more than 90 percent of the Nigerian population are not enrolled in any health insurance scheme, according to the country’s Ministry of Health. This is because health insurance is either too expensive or not very accessible to most people across the country. Beta Health is a response to this pressing national need and the latest offering in the long line of GTBank’s innovative products and services aimed at adding value to people’s everyday lives. To subscribe to Beta Health, all a customer has to do is simply dial *737*52*500*50# on their mobile phones, and they will be signe

Not all businesses are for everybody but there are some businesses that may not give you an instant large gain amount. Recharge card business is one of those businesses. A recharge card is a telephone card that users can use to add money to their calling account. Recharge cards are and will always be needed by people to get in touch with people, send texts and subscribe to the internet. Much like any other business you need a capital. You also need to know what category of the business you would want to venture into. Now, there are basically three categories in the business namely: Recharge card retail Recharge card wholesale  Recharge card dealing Recharge Card Retail is done by recharge card retailers who purchase recharge cards from wholesalers at a cheaper amount and sell directly to end users. On an average retailers can earn about N5 from every N100 recharge card. Recharge Card Wholesale is done by recharge card wholesalers who buy in bulk and sell to retailers.

At an estimated 8.5 billion USD as at 2020, Aliko Dangote remains the richest person in Africa for the 9th consecutive year. Achieving this takes a certain mindset and lifestyle. Here are the Five Important Lessons to learn from African’s Richest Man, Aliko Dangote. 1.        Move Smart In an interview with Dangote, he said, "I always make sure I hire people smarter than me." Surround yourself with people who are knowledge seekers, even more than you. A chain is only as strong as its weakest link. Ensure your circle is full of people who motivate you to be the best you can. This shows how far Dangote is willing to go in learning even from his employees as one never stops learning. This shows how well he works SMART. 2.        Know Your Talent Speaking with Vanguard, Dangote shared, "I can remember when I was in primary school, I would go and buy cartons of sweets [sugar boxes] and I would start selling them just to make money. I was so interested in busines

Its no news that as a hardworking business man or woman, a time will come when you'll need to travel on business. These simple tips are to help you stay on top of your game while out of your comfort zone and remain on top when you get back from your trip. Ways To Stay Healthy On A Business Trip: Maintain Your Exercise Routine: If you have a daily exercise routine do not fail to continue your workout plan so as to keep your mind and body sharp and in top shape. A few downsides to stopping your exercise routine are the fact that the change may affect your blood pressure and blood sugar detrimentally, may add to your body weight and joint aches may occur too. (Its good to take a walk every now and then so try doing that too). Eat Healthy: Instead of eating out all the time, moderate your eating and add some fruits to your diet. If you have a specific food diet try not stray from it and if you have no choice, try and eat from food classes around your diet choices. Eating healt

Amos Nyambane graduated in 2017 with a degree in procurement and supply chain management from Dedan Kimathi University. After his graduation he decided to start dropping applications for jobs. He is said to have applied for over 200 jobs both on the internet and in person but had no success. The graduate decided to into poultry farming using the money he earned while working at a construction site. He started by purchasing 40 indigenous chicks at the end of the year 2017 and like every other business the beginning was tough. He stated that his mother did not like the idea of farming and that she kept trying to push him to look for a job. Amos Nyambane now has over 2000 layers which produce 20,000 chicks every month. He sells about 20,000 chicks to farmers in his country every month. He also makes extra cash from the eggs that can't be hatched. Another step he takes to generate more income is isolating old birds that can no longer lay eggs, giving them finishers and se

Today I am going to be sharing with you the importance of market surveys not just generally but how it can impact your business. First off, a market survey is a research and analysis of the market as pertaining to a particular product or service. It is used to gather information about the target market, audience and customers. A market survey can be used to understand the characteristics, expectations and requirements of the target audience for a product. Importance Of Market Surveys Market surveys help to generate important business research data. This generated data can help business owners to develop better business strategies which will help to improve the business as a whole. Market surveys help to understand customers. As we all know, the customers are one on the important parts of the business because without them it really isn't a business anymore. Market surveys helps to increase knowledge of what customers really want and need from a particular product. Anoth

December last year, I made a post on my Facebook handle about the four essential things one must do to have a prosperous 2020. This was borne out of the fact that people set ambiguous New Year resolutions and never gets to keep to them, they set big goals and get confuse when things do not go for them as planned. The essence of this post is not just to reach wider audience but also to remind you that small goals matter as they sum up to big goals that we desire to achieve. (I will talk about small goals some other time). The Four Important things you must do before the end of 2020 are:- 1.        Create Value: I will call this Value Creation, there is no need to go into the oxford, Cambridge and other authors definition of Value Creation. In 2020, you must make intentional efforts in creating value for yourself, your business, your family, friends and even foes. People tend to stick around when they see that value is being created around a particular atmosphere. You m