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Iyanya vs Ubi Franklin........Lessons to be Learned and Why Partnerships Hardly Work in Nigeria

Once upon a time Made Men Music Group (MMMG) was one of the biggest music labels in Nigeria and their star act was former reality star and singer, Iyanya. Coincidentally, he was one of the hottest exports at the peak of his career and was the favorite among the ladies; a key demographic in music. Fast forward and a few years later; he left the label for Don Jazzy's Mavins label.

When he made the move

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Recent posts

Fenty May have Out sold Kylie Cosmetics, But Kylie Will Always Make More Than Rihanna...Here is Why

When news filtered a few days back that Kylie Jenner is now a billionaire, most people were not shocked. This is because there had been projections that her main source of income, Kylie Cosmetics, will soon be worth a $1b after valuation.
Naturally people were curious as to who held the number one spot as the youngest billionaire before her. It turns it out was Facebook’s Mark Zuckerberg. At age 23,  was the youngest billionaire in the world.

This is not the only comparison people made. People also compared her with her biggest rival in the cosmetics market, Rihanna’s Fenty. The comparison is not exactly uncalled for as they both cater to the same demographic and they both have similar products.

Most people noticed

Lagos Court Orders Arrest of Nollywood Actress, Monalisa Chinda Over Tax Evasion

Reports have it that a warrant for the arrest of Nollywood actress and producer, Monalisa Chinda Coker , by the Lagos state government has been issued. Her production company, Monalisa Code Productions is said to have evaded payment of taxes for about 6 years.

According to the NationOnline.......

Justice Adedayo Akintoye made the order on January 21, following an application by the Lagos State Ministry of Justice, alleging that Coker had repeatedly failed to honor a court summons.

The application

Founder of Skincare Brand,Ordinary, Brando Truaxe is Dead

One of the founders of Canadian beauty brand, Ordinary, Brando Truaxe is dead. He was aged 40. Truaxe who until 2018 was the CEO of their parent company, Deciem, was ousted from the company after he posted on Instagram that the company should shut down over what he called

Acquisitions, Closures and other Business News that Rocked Nigeria in 2018

Apologies..This is coming later than planned🙂.....
2018 wasn’t exactly a great year for the Nigerian economy. The drought in the economy did not just affect small and medium scale businesses; it also affected some multinational companies.
2018saw some foreign investors pull their investments out of the country . It also saw the acquisition of some companies that wereassumed to be doing well. Heck it saw the richest man in Africa loose about N2B. Let’s count down the shocking events that rocked the business world in 2018.
Konga  When word got out that premiere online retail giant, Konga was going to be purchased by Zinox last year, so many people were shocked;but not people that have been following the sector though. Any keen observer will tell you they knew something was off the moment they reportedly laid off about 60% of their staff. They also made some changes in their business operations; like ending the 'pay on deliver option'. This may have been done to curtail the lo…

Dealdey Shuts Down!!

And another one bites the dust!
I was looking for affordable hotels in Lagos and I decided to search via Dealdey. The site came up relatively  blank..  At first, I though I had slow network. I was already cu*ssing out my ISP thinking the internet service was slow again  when I observed that other websites were loading just fine.
I did a lil bit of digging and found out that Dealdey has shut down. Can I say I'm  entirely surprised by the news? Well no!.  This is considering the fact that sister company, Konga was acquired by Leo Stan Ekeh's Yudala last year. Both Dealdey and Konga were founded by Sim Shagaya.
This news does not paint a bright picture for Nigeria's e-commerce industry. So many have shut down due to what they describe in summary as their high overhead costs and consumers partial mistrust of online shopping. Nigerians are still comfortable shopping at Oshodi.
This news is coming at a point when Nigeria is experiencing high rate of unemployment.So many people …

Jeff Bezos and MacKenzie Bezos Divorce....Amazon, Real Estate; What is really at Stake?

The current richest man in the world and head of Amazon, Jeff Bezos and his wife, MacKenzie Bezos , have both announced that thy would be divorcing. The couple who have been married for  about 25 years are said to have been separated for a while.

This is the tweet that set shock waves round the financial and business world.......

pic.twitter.com/Gb10BDb0x0 — Jeff Bezos (@JeffBezos) January 9, 2019
 As for what is involved, in what is going to be the biggest divorce settlement in history right now....... an estimated $137 billion is at  stake.

Kayode Abbas Reveals Why You Should Set Goals Via Social Media for Your Business

Kayode Abbas is a social media expert and in this post he shares how social media is a powerful tool and how ways we can make money off it.

85% of people use social media without goals. I was consulting for a client that wanted to quit social media because he wasn't getting results. I probed and found he didn't have goals set. How can you get as much value as possible from the time and resources you put into social media ?


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