Business

Back in my days at FUTO, I had an Ericson phone sold to me by Chidi Justice Onyekwere. It was a reigning phone then with a big screen and stylus. In fact, it was a status symbol then. Chidomere Ndubuisi

Published

1 year ago

May 13, 2024

I used to wear it on my waist with a phone pack and would do shakara with it because the value was so high. I would always bring it out to write notes just to show it off.

But fast forward over twenty years later, that most valuable phone then hasn’t changed, but the world it exists in has changed.

It’s unbelievable how what was perceived as highly valuable yesterday can become almost obsolete today with the simple introduction of newer, better, more attractive, and functionally superior alternatives.

This is a lesson for most businesses to continually evolve to keep up with changes because what works today might not be relevant tomorrow, and staying updated with industry trends is very important.

Businesses that consistently explore new ideas and technologies are more likely to stay ahead of the competition and improve their value in the marketplace.

You will still see how some businesses cling to traditional methods, only paying attention to physical shops even as the world shifts dramatically towards digital platforms.

We had a paid class yesterday about social media monetisation. Many thought it would only be about Facebook monetisation, but it was beyond. You missed a lot if you were not part of the class.

Social media has made a fundamental shift in the business world in how people communicate, gather information, and make purchasing decisions. It’s now the bustling street of today’s business environment.

If your business is not on social media – SORRY FOR YOU. Presently, that is where the conversations are happening, and decisions are influenced.

Maybe we can have the class again to share how your business can get more reach and visibility, improve customer engagement and have cost-effective marketing while building brand personality and trust.

I am the Billionaire Mechanic preaching the business gospel.

***
Follow the Billionaire for more insightful tips and lessons Chidomere Ndubuisi (page) Chidomere Ndubuisi (profile)

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The recent improvement observed in Nigeria’s power sector is attributed to the country’s capacity to produce 5,000 megawatts, according to the Minister of Power, Adebayo Adelabu.

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Blord says “I have been pushing my business myself for the past 8years , Barely paid influencers to advertise for me , My customers are happy becos they choose to love me and do business with me , and i really appreciate them , my brand is too big to be killed by one person, God bless the Blord United

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Business

BREAKING: NNPCL spokesperson, Soneye resigns, gives reason

Published

1 day ago

June 21, 2025

Ekwutos Blog

The spokesperson of the Nigerian National Petroleum Company Limited, NNPCL, Olufemi Soneye, has resigned.

Soneye disclosed this in a statement made available to Ekwutosblog on Saturday.

He said he would no longer be the spokesperson for the oil giant, as he had “stepped aside from his role as Chief Corporate Communications Officer of NNPC Ltd”.

Soneye said he wants to devote more time to his family, and attend to personal responsibilities that now require his closer presence.

NNPCL appointed Soneye as its spokesperson in August 2021.

Soneye’s full statement:

Dear Esteemed Colleagues,

I extend my heartfelt gratitude to you all for the unwavering support, professionalism, and genuine commitment you’ve shown in helping to shape and amplify the NNPC Ltd story over the past 20 months. Your role in building a vibrant and effective communications presence for our national energy company has been nothing short of invaluable.

I wish to inform you that I have stepped aside from my role as Chief Corporate Communications Officer of NNPC Ltd.

This decision will allow me to devote more time to my family and attend to personal responsibilities that now require my closer presence.

It has been a profound honour to serve both the company and our country and to contribute in my own way to the ongoing transformation of NNPC Ltd. I am deeply grateful for the trust reposed in me, the opportunities granted, and the incredible professionals both within and outside the organisation with whom I have worked.

I remain a steadfast supporter and ambassador of NNPC Ltd wherever I go. I enjoin you, dear colleagues, to continue your robust, balanced, and constructive reportage in support of the company’s noble mission and strategic role in Nigeria’s energy future.

With sincere appreciation,

Olufemi Soneye.

Business

CAC reviews service fees

Published

4 days ago

June 18, 2025

Ekwutos Blog

The Corporate Affairs Commission, CAC, has announced a review of its service fees, scheduled to take effect from August 1, 2025.

Ekwutosblog learnt that the review followed a thorough evaluation of current economic conditions, rising operational costs, and consultations with key stakeholders across relevant sectors by the Commission.

The adjustments affect services provided to companies, business names, limited partnerships, and incorporated trustees, including post-incorporation filings and other regulatory services.

A comprehensive list of the new fees is available on the CAC website.

The adjustment is reportedly aimed at improving service delivery through enhanced digital operations.

Business

Lagos loses N4trn yearly to traffic congestion, moves to regulate tanker operations

Published

1 week ago

June 13, 2025

Ekwutos Blog

The Lagos State Government has disclosed that the state suffers economic losses amounting to approximately N4 trillion each year due to persistent traffic congestion

This was revealed by the Special Adviser to the Governor on Transportation, Mr Sola Giwa, during a recent interview on TVC News.

He identified unregulated parking and the chaotic activities of tankers and articulated vehicles along key logistics corridors as major contributors to the problem.

In response, the government has announced the enforcement of an Electronic Call-Up (E-Call-Up) system, scheduled to take effect from Monday, June 16, 2025.

The initiative targets tankers and articulated vehicles operating along the Lekki-Epe corridor

Giwa explained that all truck operators entering Lagos to load or offload goods will now be required to register and book their movements through the E-Call-Up platform.

The system is designed to coordinate truck activities, eliminate indiscriminate roadside parking, and reduce traffic disruptions.

“Under the new system, tanker operators will be required to upload their Authority to Load, ATL, and pre-book assigned parking slots before arriving in Lagos.

The platform will also collect relevant cargo and travel data, supporting better logistical planning and enforcement.

Seven dedicated truck parks have been approved along the Lekki-Epe axis. These facilities will be equipped with restrooms, kitchens, electricity, and other basic amenities to support driver welfare and operational efficiency.

Giwa stated that the policy is the outcome of more than two years of stakeholder engagement and is a key part of the state’s broader efforts to reform its transportation system and build a more efficient and resilient urban environment.