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Mikky you follow increase their subscriber's base. May be you should think of partnering with them.

letgo raises $175m from Naspers, Accel, 14W among others to accelerate international growth

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letgo, a US-based mobile marketplace for buying and selling goods locally has raised $175M in new funding from Naspers, Accel, Insight Venture Partners, New Enterprise Associates, 14W and other investors to accelerate U.S. and international growth, and to boost its already significant investment in areas such as artificial intelligence and image recognition.

“letgo has caught on faster than any of us could have anticipated, but our goal remains much bigger – to build the largest secondhand marketplace in the world,” said cofounder Alec Oxenford. “This new funding will bring us much closer to that vision. We are powering a fast-expanding secondhand economy that benefits not just buyers and sellers, but also the environment. letgo already helps tens of millions of users globally think used before they think new.”

Founded in 2015, letgo has raised over $375M to date and says it will top $23B in annual user transactions (gross merchandise value of items sold) in the next six months.The firm also announced it has reached 20M monthly active users of its marketplace and 45M downloads of its free app since launching. Its active user base grew 359% in 2016 while total items posted daily by sellers increased by over 960%.

According to Martin Scheepbouwer, CEO of Classifieds at Naspers, “letgo is the most significant threat that incumbent secondhand marketplaces have faced. letgo’s early growth is unprecedented for this type of platform and it’s clearly tapped into an enormous consumer demand for a better way to buy and sell locally. In a short time, it’s become a massive marketplace used by tens of millions of buyers and sellers. And its growth has only been accelerating.”

letgo users can post an item for sale in only a few seconds by simply taking a photo, without typing a word or entering a price. The app uses artificial intelligence and image recognition to auto-title and categorize a seller’s listing.

http://techmoran.com/letgo-raises-175m-from-naspers-accel-14w-among-others-to-accelerate-international-growth/

Igbos:
He's actually coming for Biafra and Namadi Kunu, he's just hiding under the guise of Nigeria oil investment summit to avoid backlash from the government. So don't worry my fellow flat iPod yoots.

A lot of Nairalanders only read headlines. Ask Daily Post.
TRUMP IS NOT COMING TO NIGERIA FOR THE SUMMIT.

bigerboy200:
Amazing... how u knew all of these U are informed...kudos

From what she wrote:

Yes!! Saratu Atta is a niece, cultured, easy-going lady.

ishowdotgmail:
This Naomi go soon join bad gang soon


She will start collecting at a tender age

But wait! Why did wizkid like putting on sweater or hood everyday of his life nah!

From AC house, to AC car and to AC offices/Malls.

pendusky:
Nairaland was considered a poo especially with its looks few years back, u couldn't register account until 2009. Seun unlike Linda Ikeji is making millions but not out of its nest, I like his personality. more grace Nairaland, I benefit alots from this forum.

Time registered: March 12, 2008

Nothing do you. We go wash am.

Call them on 0706 737 4860 / 08067867656

CNBC Africa ‏@cnbcafrica

Emefiele: growth in advanced economies appears to be recovering

Emefiele: Global inflation has remained suppressed, monetary policy could diverge

Emefiele: on the supply side efforts must be intensified to spur badly needed growth in Nigeria

Emefiele: MPC notes that pressure on consumer pricing is structural

Emefiele: The MPC says consumers under-added pressure because of Naira

Emefiele: Committee acknowledged weak economic performance

Emefiele: M/M inflation has declined since May 2016

MPC cannot move the economy out of stagflation, a rate reduction was discussed

MPC says greatest challenge is incomplete structural reforms

$1bn in foreign investment have come in since July

Loosening monetary policy is not advisable

outlook to inflation in medium term appears benign

The economy continues to face risks, we decided to retain all monetary policy instruments at their current levels

MPC has voted to Retain MPR at 14%

Name checker. Letshego MFB formerly FBN Microfinance bank.

Always colourful. send the pix shaperly

Nigeria take note.

http://www.mineweb.com/news/base-metals-and-minerals/a-new-type-of-nickel-discovered-in-nigeria/

Staff members of Access Bank Plc were pleasantly surprised on Monday (AUGUST 22, 2016) as they had an increase in their salary despite the prevailing economic realities in the country.

Nigeria is suffering its worst economic downturn following the unexpected crash in the price of crude oil, its main source of income. Businesses including banks have cut jobs to save money while majority of the states and local governments owe months of unpaid salaries.

THEWILL was told that the bank’s leadership headed by Herbert Wigwe, approved this increase to cushion the effect of rising standard of living in the country.

An employee, who expressed delight at this gesture from the bank confirmed this in confidence. “I am speechless. I don’t think anyone saw this coming, this is happening at a time when my friends in other banks are losing their jobs. It feels great to be supported in such trying times. Thank you Uncle Herbie.”

However, Wigwe was not available for comments as at press time.

http://thewillnigeria.com/news/access-bank-surprises-staff-increases-salary-to-cushion-effect-of-harsh-economy-staff-members-of-access-bank-plc-were-pleasantly-surprised-on-monday-as-they-had-an-increase-in-their-salary-despite-t/

His name is Mike maka ndi name checker

Less than 48 hours a video doubting the campaign promises made by the present administration went viral, our security men went into action. One cannot but ask why the security men swoop into action when several kidnapping cases (except for few high profile cases) have remained a mystery. Despite concealing their faces in the video, our security men have tracked them down and their identity revealed. See below:











Kudos to the creator of this video. This is what I call creativity at its peak. This government should do her best to prove critics wrong. God bless Nigeria.

In case you have not watched the video


https://www.youtube.com/watch?v=HL3GfzJZaw0

May God continue to bless Loven.

Her tattoos may want to put you off but nwanne hapu ihe edere na moto ba na moto (pls translate).

Juxtified:
You want to use fire extinguisher for that kind of fire reaching into the skies? And besides the extinguisher itself is likely to be in the booth

I can see the white powder; that's the fire extinguisher.

PresleyKuttie:
Since 12:02pm...
And the Mods are jux pushing it to FP...
NL mods and Naija Police are like Buhari and Airline...
Always showing up when the deed av' bn done.

I think we need a "Breaking News Section"

Why now?

Thanks.

EU referendum live: David Cameron resigns as UK shocks the world by voting for Brexit

http://www.telegraph.co.uk/news/2016/06/24/eu-referendum-results-live-brexit-wins-as-britain-votes-to-leave/

lalasticlala do the needful

Only in Africa

No VGM, No Load

As stated in the IMO (International Maritime Organization) guideline, a container without Verified Gross Mass (VGM) will NOT be loaded on the vessel.

The IMO SOLAS (Safety Of Life At Sea) amendment on Container Weight Verification will become effective on 1 July 2016. The main requirement of this amendment is for shippers to provide export full container’s verified gross mass prior to loading. No provision or agreement may override or be in conflict with the obligation to abide by SOLAS rules.

Verified Gross Mass (VGM)

Verified Gross Mass means the total gross mass of a packed container including cargo weight, packing and securing material and container tare weight. This makes VGM different from cargo weight currently printed on the B/L (Bill of Lading) which only measures cargo weight.

A. Method 1 – Weighing of a packed container
1) The shipper may weigh the container after it has been packed
2) ​Method 1 may be used on all kinds of cargoes. Especially for types of cargoes where individual weighing is not possible (e.g. scrap metal, unbagged grain and other cargo in bulk, flexitanks, etc)

B. Method 2 – Calculating VGM
1) The shipper may calculate VGM by aggregating (summing) the weight of below items
 ▶ Cargo Weight
▶ The weight of the packing and securing material to be packed in the container
▶ Container tare weight


1. If the container is verified within 1,000Kg of the declared weight and the container load limit has not been exceeded – no additional charges will apply
2. If the container weight is not within 1,000Kg of the VGM provided, then a new VGM will be generated and standard weighing charges will apply (N20,000 per container).
3. Containers that are received weighing in excess of the load limit capabilities for type and size of container (based on IMO data plate), the container will not be allowed to leave the terminal for road safety reasons and the container will be cross stuffed as per tariff.
4. The cut-off time for receipt of an accurate VGM into our system in order to avoid the container rolling a subsequent vessel is 24 hours prior to vessel ETA.
5. Effective 1st of July, 2016 ONLY container(s) with valid a Verified Gross Mass (VGM) will be loaded on a vessel in accordance with the International Maritime Organisation’s Safety Of Life at Sea (SOLAS) regulations

source from various websites including http://hanjin.com/hanjin/CUP_HOM_1764.do

The SOLAS Container Weight Verification Requirement

http://www.worldshipping.org/industry-issues/safety/WSC_Summarizes_the_Basic_Elements_of_the_SOLAS_Container_Weight_Verification_Requirement___January_2015_-3-.pdf

It is well.
N4.4

chelseabmw:
No, its a propaganda

lol

Africa Internet Group, arm of the struggling German internet clone empire Rocket Internet is rebranding all its ventures to Jumia in an African consolidation move.

AIG expects this move to make the new Jumia, Africa’s largest e-commerce network running both retail, classifieds, travel booking and food ordering and delivery across its markets in Africa. The move will see hotel booking site Jovago become Jumia Travel, real estate site Lamudi to Jumia House, food ordering and delivery site HelloFood to Jumia Food.

Rocket Internet’s car classifieds portal Carmudi to Jumia Cars while Vendito an OLX competitor into Jumia Deals and job matching site Everjobs to Jumia Jobs. The firm is not firing any department yet and every Jumia operation will retain their websites feel and look and team but the name will change to Jumia making it the biggest marketplace in Africa. Though the firm didn’t mention its delivery arm AIG Express, it's likely to rebrand it to Jumia Delivery or something close to that.

Rocket Internet is struggling to convince its investors as its business are yet to be profitable and it has been forced to shut down, merge or in some markets. Rocket Internet’s share price has dropped by over 25 percent in the last six months while Jumia’s revenue fell 37 percent this year prompting its shift from buying its own inventory into a commission-based marketplace.

Rocket Internet says Jumia’s growth has been predominantly affected by the challenging macroeconomic environment in Nigeria and it will keep on building the business with new partners Axa and Orange.

“Jumia in Africa is billing out its market share in a difficult macro environment and we are very optimistic for this business in a very long life,” said Oliver Samwer, Rocket Internet’s CEO.

http://techmoran.com/africa-internet-group-rebranding-ventures-jumia/#sthash.nwEicU4b.dpbs

Conclusion

The Minister of Labour’s directive to the Nigerian banks and telecommunications companies, though well intentioned, is misconceived and invalid as same is ultravires his power as a Minister of Labour. The directive is therefore null and void and of no effect. The subsequent threat to revoke the licences of any erring bank and telecommunication company is certainly illegal as the Minister purports to exercise a power he does not have. The operating licences of the Nigerian banks and telecommunications companies may only be revoked by the CBN and the NCC in accordance with the provisions of their enabling Acts and other relevant legislations. Apart from lacking the power to revoke the operating licences of these companies, the Minister’s threat is also counter productive as revocation of operating licences implies total closure of operations and of course total retrenchment of their staff. The best the Honourable Minister can do in the circumstance is to appeal to these companies whose declining business fortunes is due to a combination of several factors including the harsh operating business environment, increasing cost of doing business occasioned by soaring energy costs, perennial power outage, multiple tax
regimes and forex crisis.

Bimbo Atilola is a legal practitioner and Editor-in-Chief, Labour Law Review

Microsoft said on Monday it was acquiring LinkedIn in a $26.2 billion cash deal.

The companies said that Microsoft had agreed to pay $196 a share to buy LinkedIn, a business social networking site that has more than 400 million members globally.

“The LinkedIn team has grown a fantastic business centered on connecting the world’s professionals,” Satya Nadella, Microsoft’s chief executive, said in a statement.

The companies said Reid Hoffman, a founder of LinkedIn and its controlling shareholder, had approved the deal, as did Jeff Weiner, the chief executive of LinkedIn. Mr. Weiner will remain chief executive of LinkedIn, which will operate as an independent brand, the companies said.

LinkedIn shares had fallen by nearly half since a peak of almost $260 a share last fall and ended trading on Friday at $131.08.

http://www.nytimes.com/2016/06/14/business/dealbook/microsoft-to-buy-linkedin-for-26-2-billion.html?emc=edit_na_20160613&nlid=58700365&ref=headline&_r=0

If you are not from Benue State stop shouting TGIF

The Benue state government has approved that Fridays be made a work free day to enable workers in the state work on their farms.

This was agreed at the 16th session of the State Executive Council meeting chaired by Governor Samuel Ortom who declared that that the work free day would commence from Friday, 10th June, and would last till the end of July, 2016.

A statement by the state Commissioner of Information, Odeh Ageh, on Thursday, said Ortom also announced that he would take a two-week vacation which was part of his annual leave from Monday, June 13th to work on his farm while the Deputy Governor, Benson Abounu, would act on his behalf during the period.

“The council also approved the interdiction of the Special Adviser on Special Duties, Architect Joseph Kyaagba, who is being investigated in connection with the murder of the Senior Special Assistant on Special Security, the late Denen Igbana,” the statement said.

“It directed the Special Adviser on Economic Matters, Dr. Bem Mellabu, to oversee the office of Special Duties in addition to his portfolio.

“It also said the meeting approved the appointment of the wife of the deceased aide, Martha Igbana, as a Special Assistant to the Governor on Community Relations.

“The Exco also approved that the purchase of vehicles be moved from the Ministry of Finance to the Ministry of Works, Transport and Energy.

“It approved that the committee charged with the planned movement of the Wurukum Market to new Markudi International Market should continue with its work and fashion a roadmap for implementation.

“The Exco mandated the Commissioners for Education, Science and Technology and that of Women Affairs to carry out detailed survey of all the schools for the physically challenged in the State and present a comprehensive report on same to the council.

“It approved the construction of an International Cargo Airport in Makurdi by Aerotropolis Development International Company Limited and directed that it should mobilize to site within 90 days.”

Story by David Oputah



source: http://thewillnigeria.com/news/fridays-now-work-free-but-farm-full-in-benue/

Temmytea70:
I like the weight of the stone you just threw

lol. Where did it hit you?

igweross:
The first to comment on this page is a practical example of the type of youths we have today, no one reads to understand, they don't do research, they not ready to understand that there is always a process.
Let me shed more light into what the OP has contributed and the directives I think the government is trying to drive.
The truth is there are jobs in Nigeria, but the quality of our education process is a serious turn off. That is why those who study abroad in developed country have a better edge of being employed than a Nigerian graduate. If you familiar with most companies when they recruit, they send the new recruits for training programs, happens in almost all organization because they know you need the skill to execute the job properly. And this happens to be a burden on the company.
Virtually all we do in our education system is not effective in Nigeria's labour market. If you take a careful look at the job description even though you studied the course in school you will notice there are demands on the roles and responsibility that you didn't even come across or have an idea of making it practical. The truth is our education is outdated. In dubai toady, no one will ask for CV, they ask 'what can you do'?
This brings me back to the N'power program, it is just simply set to make the unemployed youths employable and become employers which the result will tell in the future. Only thing I would say is, it would have been aligned with the NYSC program to reduce costs.

Nicely said.

This is where NOA comes in.