Hello tdayof,

We assist startups operating within these key sectors: Energy (Power, Oil and Gas), Microfinancing, Housing, Agribusiness (especially processing side of the value chain), services and ICT (Where Tech startups fall)- so yes we do.

Send in your summary proposal to orufai@angelstartups.com.ng.

Cheers.

Hello,

Are you an experienced writer, with passion to let the world know your opinions and views about topical issues including Political Economy, Financial Sector issues and news relating to Entrepreneurs/ investment and start-ups?

Send an email to admin@angelstartups.com.ng with the same subject matter captured above. The email should include your Name, Qualification and a short write-up on one thing you would do differently to the current state of the Nigerian economy, if you were Finance Minister or Central Bank Governor.

This is opened for 1 week.

Regards,

Angelstartups Limited

Hello,

Also send response to Angelstartups@gmail.com

Regards.

Hello,

Are you a diligent and hardworking driver?
Do you intend to be your own boss at some point?
Do you have the required documents to drive on UBER or you have already gone through UBER training?

Then send an email to the address here: admin@angelstartups.com.ng and recruitment@angelstartups.com.ng, with your name and phone number.

A Transport Company operates a "Drive-To-Own" model for diligent drivers.

Regards.

Nigeria’s Monetary Policy Committee (MPC) met on July 25th and 26th, 2016 to review domestic and international economic conditions in order to determine the policy direction for the next two months. Consequently, the Committee’s decision was as follows:
· The Monetary Policy Rate (MPR) increased to 14.00 percent from 12.00 percent
· Cash Reserve Ratio (CRR) retained at 22.50 percent
· Liquidity ratio retained at 30.00 percent

The increment in MPR may be for two reasons:
To manage inflation
To attract FDI/FPI

For us, this is our position: BAD, BAD, BAD, for Nigeria's economy! Why?

The inflation in Nigeria is largely cost-push inflation. By the way, there are two forms in which inflation could happen:
Demand-pull inflation
Cost-push inflation

Cost-push inflation occurs simply when the cost of production goes up. This means the cost of raw materials, cost of goods sold, cost of service. When this happens, because businesses are not charity bodies, they simply pass on the cost to final consumers; by increasing the price. When this happens, consumers begin to adjust and recalibrate their spendings, at some point, their demand may begin to even slow down, thereby affecting the revenues of businesses.

On the flip side, Demand-pull inflation occurs when there is significantly high level of liquidity within the economy (market) and therefore too much money is chasing fewer goods/ services than necessary.

Nigeria's inflation has always been cost-push, which means increasing the costs of production, will further create higher rates of inflation, while reducing the costs of production, will likely create a manageable rate of inflation.

By raising MPR by 200 basis points, from 12% to 14%, what the CBN has done, is raise cost of borrowing for businesses. Banks track MPR as a benchmark for their loans and advances, in an economy that is already bleeding, with banks already sneezing and some coughing, we expect banks to adjust their lending rates accordingly, (with the exception of banks that are sneezing/ coughing already, that may scare their customers away and they therefore may not want to raise their lending rates).
Some may argue that inflation is already as high as 16.5% and therefore banks have already priced that in, very valid, however, in an environment like Nigeria where businesses/ individuals like to cash in on any news of rising cost/ rates, it is always an excuse and an opportunity to further increase lending rates.

If and when lending rates (borrowing cost from the angle of the borrower) go up, cost of production will then go up which will further lead to rise in prices and then another round of high level of inflation occurs and then we are back to square one. And then two months later, you are talking about raising MPR again, and the cycle goes on, and on and on.
When you raise MPR to tame inflation, it is when such inflation is largely demand-pull, then you see capital flowing from households/ individuals to fixed income assets, thereby mopping up high level of liquidity within the system and the need to bargain hard increases, curtailing artificial price increase.

Note: Nigerian economy will continue to roll in a circle, only when and only when, the cost of doing business becomes globally competitive, thereby stimulating import substitution and then export promotion, the two 'long-term' solutions staring us in the face. Cost of doing business in Nigeria will be competitive when Efficient Power System, Modern Transport Networks, Knowledgeable and Healthy Human Capital and Strong Rule of Law, are put in place, through Expansionary fiscal policies.
What the MPC will continue to do at best is, moving in 'silo', when in actual fact, they should tag-along together with supporting Fiscal Policies.

Nigeria’s Monetary Policy Committee (MPC) met on July 25th and 26th, 2016 to review domestic and international economic conditions in order to determine the policy direction for the next two months. Consequently, the Committee’s decision was as follows:
· The Monetary Policy Rate (MPR) increased to 14.00 percent from 12.00 percent
· Cash Reserve Ratio (CRR) retained at 22.50 percent
· Liquidity ratio retained at 30.00 percent

The increment in MPR may be for two reasons:
To manage inflation
To attract FDI/FPI

For us, this is our position: BAD, BAD, BAD, for Nigeria's economy! Why?

The inflation in Nigeria is largely cost-push inflation. By the way, there are two forms in which inflation could happen:
Demand-pull inflation
Cost-push inflation

Cost-push inflation occurs simply when the cost of production goes up. This means the cost of raw materials, cost of goods sold, cost of service. When this happens, because businesses are not charity bodies, they simply pass on the cost to final consumers; by increasing the price. When this happens, consumers begin to adjust and recalibrate their spendings, at some point, their demand may begin to even slow down, thereby affecting the revenues of businesses.

On the flip side, Demand-pull inflation occurs when there is significantly high level of liquidity within the economy (market) and therefore too much money is chasing fewer goods/ services than necessary.

Nigeria's inflation has always been cost-push, which means increasing the costs of production, will further create higher rates of inflation, while reducing the costs of production, will likely create a manageable rate of inflation.

By raising MPR by 200 basis points, from 12% to 14%, what the CBN has done, is raise cost of borrowing for businesses. Banks track MPR as a benchmark for their loans and advances, in an economy that is already bleeding, with banks already sneezing and some coughing, we expect banks to adjust their lending rates accordingly, (with the exception of banks that are sneezing/ coughing already, that may scare their customers away and they therefore may not want to raise their lending rates).
Some may argue that inflation is already as high as 16.5% and therefore banks have already priced that in, very valid, however, in an environment like Nigeria where businesses/ individuals like to cash in on any news of rising cost/ rates, it is always an excuse and an opportunity to further increase lending rates.

If and when lending rates (borrowing cost from the angle of the borrower) go up, cost of production will then go up which will further lead to rise in prices and then another round of high level of inflation occurs and then we are back to square one. And then two months later, you are talking about raising MPR again, and the cycle goes on, and on and on.
When you raise MPR to tame inflation, it is when such inflation is largely demand-pull, then you see capital flowing from households/ individuals to fixed income assets, thereby mopping up high level of liquidity within the system and the need to bargain hard increases, curtailing artificial price increase.

Note: Nigerian economy will continue to roll in a circle, only when and only when, the cost of doing business becomes globally competitive, thereby stimulating import substitution and then export promotion, the two 'long-term' solutions staring us in the face. Cost of doing business in Nigeria will be competitive when Efficient Power System, Modern Transport Networks, Knowledgeable and Healthy Human Capital and Strong Rule of Law, are put in place, through Expansionary fiscal policies.
What the MPC will continue to do at best is, moving in 'silo', when in actual fact, they should tag-along together with supporting Fiscal Policies.

Hello Damlax,

Yes, location is not a limitation.

What is key is the viability of your business to generate enough cash flows necessary to satisfy investors' debt or equity needs.

Contact us on admin@angelstartups.com.ng.

Regards.

Angelstartups Nigeria is the first and largest platform where Start-ups in Africa and Nigeria in particular connect with Angel Investors to find a common ground.

Are you good at analyzing global and domestic market trends, in real sector and non-real sector (stocks, fixed income) spaces? Are you a financial analyst or Economist who have a passion to make your voice and thoughts/ opinion heard through a larger platform. Do you have particular interest and unique knowledge in a specific industry? Then this is for you.

Include a short article (maximum 250 words, 1-pager) on a current global/ domestic news or trend of your choice, within an industry of choice. Ensure this article comes with original content.See examples:
Power Sector | Tariff increase, Foreign Exchange Policy | Impact on local production, Agriculture | The way forward for Nigeria's diversification drive, 2016 US Elections | If Donald Trump Wins. These are examples of current market trends and your article should focus on similar news.

Send in your application between now and March 31, 2016. Follow the guideline above:

Send your application to recruitment@angelstartups.com.ng and attach your CV.

Regards,

Angelstartups Nigeria
Stimulating Nigeria's Economic Growth

Angelstartups Nigeria is the first and largest platform where Start-ups in Africa and Nigeria in particular connect with Angel Investors to find a common ground.

Are you good at analyzing global and domestic market trends, in real sector and non-real sector (stocks, fixed income) spaces? Are you a financial analyst or Economist who have a passion to make your voice and thoughts/ opinion heard through a larger platform. Do you have particular interest and unique knowledge in a specific industry? Then this is for you.

Include a short article (maximum 250 words, 1-pager) on a current global/ domestic news or trend of your choice, within an industry of choice. Ensure this article comes with original content.See examples:
Power Sector | Tariff increase, Foreign Exchange Policy | Impact on local production, Agriculture | The way forward for Nigeria's diversification drive, 2016 US Elections | If Donald Trump Wins. These are examples of current market trends and your article should focus on similar news.

Send in your application between now and March 31, 2016. Follow the guideline above:

Send your application to recruitment@angelstartups.com.ng and attach your CV.

Regards,

Angelstartups Nigeria
Stimulating Nigeria's Economic Growth

Angelstartups Nigeria is the first and largest platform where Start-ups in Africa and Nigeria in particular connect with Angel Investors to find a common ground.

Are you good at analyzing global and domestic market trends, in real sector and non-real sector (stocks, fixed income) spaces? Are you a financial analyst or Economist who have a passion to make your voice and thoughts/ opinion heard through a larger platform. Do you have particular interest and unique knowledge in a specific industry? Then this is for you.

Include a short article (maximum 250 words, 1-pager) on a current global/ domestic news or trend of your choice, within an industry of choice. Ensure this article comes with original content.See examples:
Power Sector | Tariff increase, Foreign Exchange Policy | Impact on local production, Agriculture | The way forward for Nigeria's diversification drive, 2016 US Elections | If Donald Trump Wins. These are examples of current market trends and your article should focus on similar news.

Send in your application between now and March 31, 2016. Follow the guideline above:

Send your application to recruitment@angelstartups.com.ng and attach your CV.

Regards,

Angelstartups Nigeria
Stimulating Nigeria's Economic Growth

Are you a start-up, or have a brilliant idea, then visit www.angelstartups.com.ng for professional advice.

Cheers.

Hello,

Have you visited www.angelstartups.com.ng for professional advice?

If not, you should.

Hello,

What is the size of capital required?

Have you visited www.angelstartups.com.ng for professional advice?

If not, you should.

Regards

Hello,

What is the size of capital required?

Have you visited www.angelstartups.com.ng for professional advice?

If not, you should.

Regards.

Hello,

Have you visited www.angelstartups.com.ng for professional advice?

Hello,

Have you visited www.angelstartups.com.ng for professional advice?

Hello,

What is the collateral type, note that collateral is the last "C" considered in lending. What is your equity in the proposed venture?

Have you visited www.angelstartups.com.ng for professional advice?

If not, you should.

Hi,

Have you visited www.angelstartups.com.ng for professional advice?

If not, you should.

Hello,

Have you visited www.angelstartups.com.ng for professional advice?

If not, you should.

Hello,

What is the size of capital required?

Have you visited www.angelstartups.com.ng for professional advice?

If not, you should.

Hello,

What is the size of capital required?

Have you visited www.angelstartups.com.ng for professional advice?

If not, you should.

Cheers.

Hello,

What is the size of capital required?

Have you visited www.angelstartups.com.ng for professional advice?

If not, you should.

Hello,

What is the size of capital required?

Have you visited www.angelstartups.com.ng for professional advice?

If not, you should.

Hello,

Have you visited www.angelstartups.com.ng for professional advice?

If not, you should.

Hello,

Have you visited www.angelstartups.com.ng for professional advice?

If not, you should.

Professionals are needed when it comes to handling finances.

Hello,

Have you visited www.angelstartups.com.ng for professional advice?

If not, you should.

Hello afrideo,

Have you started the business with your funds and based in Lagos? If yes, there is an investor that is interested.

Cheers.

Hello Entrepreneur,

Have you been able to connect with an angel investor and raise some capital for your business/ idea? If not then send a short mail to admin@angelstartups.com.ng within the next week and include the following information:

Business Stage (Idea/ Existing)
Location,
Industry and
Amount Looking for.

We are in the process of setting up meetings between an angel investor and each Entrepreneur, in the coming days.

All the best in your quest to create wealth and value!

(ONLY FOR EXISTING BUSINESSES)

Cheers!

Hello,

If your office will be based in Lagos, then you have an opportunity to meet an investor in the coming days.

Visit www.angelstartups.com.ng, sign up for free as an entrepreneur and complete your profile.

We'd contact you afterwards.

Cheers.

For a developing country like Nigeria, reducing MPR from 13% by 200 basis points to 11% is a positive move and a welcome development. MPR is a benchmark rate at which commercial banks can borrow from the Central Bank of Nigeria, with a corridor set at +/- 200/700 basis points. Which means the CBN can borrow banks at between 4%-13% interest rate. These are the implications:

Short-term consequence/ market reaction:
Further impact on short-term borrowings like the T-bills which may likely fall further, thereby reducing investments in short-term financial assets. Here, you will see more foreign portfolio investors (FPIs) pulling their funds out of Nigeria
Impact: Short-term
Our Verdict: No worries for Nigeria

With the FPIs pulling their funds out of Nigeria, there will be serious pressure on the Nigerian currency- Naira which will impact the exchange rate. This will however be in the short-term.
Impact: Short-term
Our Verdict: No worries for Nigeria, except for importers which then will have serious inflationary pull (cost-push) on Nigerian consumers. Because Nigeria is still highly import-dependent, the CBN must watch the pressure on inflation closely

Banks will now be able to borrow at a reduced rate which will impact positively on their bottom-line in the short-term, as they continue to lend at existing rates in the short term, thereby able to generate more income, more profits for shareholders till they begin to align their lending rate to a reduced MPR.
Impact: Short-term
Our Verdict: No worries for Nigeria

With the reduction in CRR from 25% to 20%, it means the banking system is now more liquid that ever before and therefore they can only do two things with the funds with them:
Either place it in short-term financial assets like Treasury bills or long-term assets like Bonds
or begin to take some more risks and lend to the real sector to earn more returns
Implication/ reactions:
If the banks take the funds to purchase T-bills, the pressure of demand on T-bills will go up which will inadvertently pull down the rates CBN will offer. Similar effect will be seen with the Bond market, where the more the demand, the lower the yields expected. And gradually, in the short-term, rates, yields from T-bills and Bonds will further crash than we are witnessing today.
Our Verdict: A good one for the Nigerian economy as banks will rather take real sector risk that is well-calculated and earn around 20% interest per annum, rather than fix the money in T-bills at 2-4% per annum risk-free. We will see more funds beginning to go towards the real sector.

On Foreign Investments in Nigeria:
Reaction: There will be less and less of Foreign Portfolio Investments in Nigeria however, there will be more Foreign Direct Investments (FDI) since these FDIs prefer a lower cost of borrowing in Nigeria, to set up their companies/ factories and employ Nigerians to grow and make profit. Foreign Direct Investments like those of Procter and Gamble (P n G), Guinness, Heineken, MTN, Airtel, and so on, will certainly be able to also borrow at a reduced rate from Nigerian banks and grow their businesses to expand their factories, create more jobs for Nigerians, make more profit and expand further.
Impact: More profits lead to expansion which leads to job creation for Nigerians
Verdict: More Direct Investments will follow this reduction, with both local and foreign direct investors taking positions to set-up, expand and grow their businesses

With a potential increase in interest rate in the United States by the Federal Reserve, then we should expect more "hot money" will flow out of emerging economies towards a highly stable economy like U.S. FPIs is what hot money is. Nigerians should not panic, but begin to look towards Entrepreneurship, micro, small and medium businesses, as the Federal Government continue to show more drive towards bridging the huge infrastructural deficit especially in areas of Power, Transport, Housing.

The train of change is just about to kick-start and launch out, Nigerians are you ready?

The jury is out.

Regards.

Hello,

Could you send the error message you keep receiving to admin@angelstartups.com.ng. It will be de-bugged immediately.

Apologies for the delays and issues.

Regards.