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THE profile of Nigerians on the Internet and indeed social media platform is on the upward swing.

Facebook executives, in an interview with The Guardian, yesterday in Lagos, revealed that there are now 16 million Nigerians on the social networking platform, the highest in Africa.

Interestingly, Vice President for Europe Middle East and Africa (EMEA) Nicola Mendelson and Head of Africa's operations, Nunu Nthingila, disclosed that out of the 16 million, 54 per cent of Nigerian users use the platform to do businesses.

According to them, 44 per cent of the 16 million (7.2 million) access Facebook daily. They further revealed that 97 per cent (6.9 million) of daily active people access the platform using their mobile devices.

Indeed, current statistics from the Nigerian Communications Commission (NCC) showed that while there are over 150 million mobile subscribers, 98 million Nigerians are Internet users, majorly on the narrow band.

Facebook revealed that 84 per cent online users browse the network; 78 per cent use mobile messenger; 58 per cent watch online videos; 94 million access Facebook; 88 per cent are on WhatApp and 71 per cent accesses YouTube.

The platform said 49 per cent of Nigerians chose it as their favourite platform because they consider it the best to discover new content and products, while 59 per cent have given or shared product or service recommendations.

On business platforms that Facebook has enabled in Nigeria, the executives said technology accounted for the highest with 61 per cent growth followed by fashion and entertainment, which is 45 per cent and 39 per cent on travels.

More discoveries included that 65 per cent of Nigerians use two or more devices to access the Internet, while 75 per cent of the populace still access the Internet via fixed devices (desktop and laptop).

Meanwhile, at a rountable with Small and Medium sized Enterprises (SMEs) from Nigeria and Ghana, earlier in the week, the platform revealed that more than 50 million SMEs around the world actively use Facebook pages because they are free, easy to use and they work well on mobile. It stressed that 2.5 million SMEs worldwide actively invest their resources with the platform monthly, 'a number that doubled in the past two years."

Ntshingila said Africa is home to some of the world's most vibrant and exciting small businesses, and that these enterprises are the backbone of the economy.

"These smaller businesses drive economic growth and create jobs that lift people to prosperity. The number one reason they succeed or fail is their ability to attract customers. As more and more people turn to smartphones and the web to discover and connect with businesses, Facebook is the best platform for African SMEs to promote their brands", she stated.

Mendelsohn, said: "Technology is driving real progress. When I visit Africa, this comes to life in every conversation and with every story I hear about entrepreneurs creating jobs and solving problems with technology's help. We're invigorated by how Ghanaian and Nigerian SMEs are using Facebook to grow brand awareness and boost engagement with their customers. We look forward to doing more to support entrepreneurs as they build their businesses."

Meanwhile, Facebook Founder, Mark Zuckerberg has become the fourth richest person in the world.

Zuckerberg, propelled by Facebook (FB, Tech30)'s stock performance, shoved Amazon (AMZN, Tech30) CEO Jeff Bezos aside on Tuesday to claim the fourth highest ranking on the Bloomberg Billionaires Index.

http://allafrica.com/stories/201602050799.html

Cc: Seun, Lalasticlala, Obinoscopy, Ishilove

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Nigeria's wealthy elite would be hard pushed to find a clear road in this traffic-clogged city that would allow them to floor the pedal and get anywhere near approaching top speed.

But now sales of luxury sports cars have slumped as Africa's biggest economy and largest oil producer is battered by the fall in global crude prices.

A Porsche showroom in Lagos is full of top-of-the- range models selling from $100,000 (£70,000) and upwards. In the good times, high-spending Nigerians would roll into the garage with fat wallets and drive out in a Porsche - now the showroom is deserted.

The managing director, Parvin Singh, told me that sales were down 50% last year compared to 2014. He blames the crash on the crude oil crisis. While gas and oil sales only account for around 15% of the country's GDP - "Nigeria is not Saudi Arabia," as one analyst put it to me - the industry has a disproportionate effect on the economy as a whole.

Oil revenues account for 75-80% percent of the government's budget and if it does not have cash, it cools overall spending. Nigeria at a glance: Africa's largest economy, biggest oil producer and most populous nation Oil-rich, but facing worst economic crisis in years after falling oil prices 62.6% of its 170 million population live in poverty Average annual earnings - $1280 (£850)

Source: UN

"The government is Nigeria's biggest spender," says Mr Singh. "When the government stops spending, it has a cascading effect on the corporate sector." Nigeria's new government - elected last year - has grand plans to diversify the economy. It wants to invest in infrastructure such as power plants, roads and bridges, to boost growth. But without oil revenues, the money is not there for this investment, even if government officials say that they will claw back cash by cracking down on corruption.

President Muhammadu Buhari finds himself battling rising inflation, a currency that has collapsed to record lows on the parallel market, a stock market slump, and the slowest pace of economic growth in more than a decade.

The government has started talks with the World Bank and African Development Bank with the hope of raising some money to help it fund a forecast $11bn (£7.7bn) budget deficit. All this means this nation of entrepreneurs will continue doing business while battling against extraordinary odds.

One of them is Gbolahan Eyiowuawi, who runs a catering company after studying at a cooking school in the UK. In order for Mr Eyiowuawi to run his business he needs a generator for his fridges because of power cuts. He must constantly explain to furious customers they have to pay more because of fluctuating prices. And, then, when he has cooked the food, he needs to negotiate Lagos' notorious traffic. His worst disaster: He turned up at a wedding two hours late. "The person hiring our services got really mad as people were already leaving," he told me. "At first I couldn't face the bride but then I gave her a vacuum cleaner and water dispenser and she seemed OK." The hungry bride may have been happy with her vacuum cleaner but many Nigerians are not happy with their lot.

Millions live in poverty and an astonishing two million young people are entering the job market every year. Economist Bismarck Rewane says the government faces enormous challenges. "If the youth see some hope and direction they will put their energies to positive use," he said. "But if they see hopelessness and despair then you will have militancy, insurgency and social breakdown." "It's either you win big or you lose big time." It is a stark warning.

Oil may have once buoyed Nigeria but now the slump in global prices is proving extremely painful to Africa's largest economy.

http://www.bbc.com/news/world-africa-35444067

Cc:Lalasticlala, Obinoscopy

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THE profile of Nigerians on the Internet and indeed social media platform is on the upward swing.

Facebook executives, in an interview with The Guardian, yesterday in Lagos, revealed that there are now 16 million Nigerians on the social networking platform, the highest in Africa.

Interestingly, Vice President for Europe Middle East and Africa (EMEA) Nicola Mendelson and Head of Africa's operations, Nunu Nthingila, disclosed that out of the 16 million, 54 per cent of Nigerian users use the platform to do businesses.

According to them, 44 per cent of the 16 million (7.2 million) access Facebook daily. They further revealed that 97 per cent (6.9 million) of daily active people access the platform using their mobile devices.

Indeed, current statistics from the Nigerian Communications Commission (NCC) showed that while there are over 150 million mobile subscribers, 98 million Nigerians are Internet users, majorly on the narrow band.

Facebook revealed that 84 per cent online users browse the network; 78 per cent use mobile messenger; 58 per cent watch online videos; 94 million access Facebook; 88 per cent are on WhatApp and 71 per cent accesses YouTube.

The platform said 49 per cent of Nigerians chose it as their favourite platform because they consider it the best to discover new content and products, while 59 per cent have given or shared product or service recommendations.

On business platforms that Facebook has enabled in Nigeria, the executives said technology accounted for the highest with 61 per cent growth followed by fashion and entertainment, which is 45 per cent and 39 per cent on travels.

More discoveries included that 65 per cent of Nigerians use two or more devices to access the Internet, while 75 per cent of the populace still access the Internet via fixed devices (desktop and laptop).

Meanwhile, at a rountable with Small and Medium sized Enterprises (SMEs) from Nigeria and Ghana, earlier in the week, the platform revealed that more than 50 million SMEs around the world actively use Facebook pages because they are free, easy to use and they work well on mobile. It stressed that 2.5 million SMEs worldwide actively invest their resources with the platform monthly, 'a number that doubled in the past two years."

Ntshingila said Africa is home to some of the world's most vibrant and exciting small businesses, and that these enterprises are the backbone of the economy.

"These smaller businesses drive economic growth and create jobs that lift people to prosperity. The number one reason they succeed or fail is their ability to attract customers. As more and more people turn to smartphones and the web to discover and connect with businesses, Facebook is the best platform for African SMEs to promote their brands", she stated.

Mendelsohn, said: "Technology is driving real progress. When I visit Africa, this comes to life in every conversation and with every story I hear about entrepreneurs creating jobs and solving problems with technology's help. We're invigorated by how Ghanaian and Nigerian SMEs are using Facebook to grow brand awareness and boost engagement with their customers. We look forward to doing more to support entrepreneurs as they build their businesses."

Meanwhile, Facebook Founder, Mark Zuckerberg has become the fourth richest person in the world.

Zuckerberg, propelled by Facebook (FB, Tech30)'s stock performance, shoved Amazon (AMZN, Tech30) CEO Jeff Bezos aside on Tuesday to claim the fourth highest ranking on the Bloomberg Billionaires Index.

http://allafrica.com/stories/201602050799.html

Cc: Seun, Lalasticlala, Obinoscopy, Ishilove

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Okay Sir!!

THE profile of Nigerians on the Internet and indeed social media platform is on the upward swing.

Facebook executives, in an interview with The Guardian, yesterday in Lagos, revealed that there are now 16 million Nigerians on the social networking platform, the highest in Africa.

Interestingly, Vice President for Europe Middle East and Africa (EMEA) Nicola Mendelson and Head of Africa's operations, Nunu Nthingila, disclosed that out of the 16 million, 54 per cent of Nigerian users use the platform to do businesses.

According to them, 44 per cent of the 16 million (7.2 million) access Facebook daily. They further revealed that 97 per cent (6.9 million) of daily active people access the platform using their mobile devices.

Indeed, current statistics from the Nigerian Communications Commission (NCC) showed that while there are over 150 million mobile subscribers, 98 million Nigerians are Internet users, majorly on the narrow band.

Facebook revealed that 84 per cent online users browse the network; 78 per cent use mobile messenger; 58 per cent watch online videos; 94 million access Facebook; 88 per cent are on WhatApp and 71 per cent accesses YouTube.

The platform said 49 per cent of Nigerians chose it as their favourite platform because they consider it the best to discover new content and products, while 59 per cent have given or shared product or service recommendations.

On business platforms that Facebook has enabled in Nigeria, the executives said technology accounted for the highest with 61 per cent growth followed by fashion and entertainment, which is 45 per cent and 39 per cent on travels.

More discoveries included that 65 per cent of Nigerians use two or more devices to access the Internet, while 75 per cent of the populace still access the Internet via fixed devices (desktop and laptop).

Meanwhile, at a rountable with Small and Medium sized Enterprises (SMEs) from Nigeria and Ghana, earlier in the week, the platform revealed that more than 50 million SMEs around the world actively use Facebook pages because they are free, easy to use and they work well on mobile. It stressed that 2.5 million SMEs worldwide actively invest their resources with the platform monthly, 'a number that doubled in the past two years."

Ntshingila said Africa is home to some of the world's most vibrant and exciting small businesses, and that these enterprises are the backbone of the economy.

"These smaller businesses drive economic growth and create jobs that lift people to prosperity. The number one reason they succeed or fail is their ability to attract customers. As more and more people turn to smartphones and the web to discover and connect with businesses, Facebook is the best platform for African SMEs to promote their brands", she stated.

Mendelsohn, said: "Technology is driving real progress. When I visit Africa, this comes to life in every conversation and with every story I hear about entrepreneurs creating jobs and solving problems with technology's help. We're invigorated by how Ghanaian and Nigerian SMEs are using Facebook to grow brand awareness and boost engagement with their customers. We look forward to doing more to support entrepreneurs as they build their businesses."

Meanwhile, Facebook Founder, Mark Zuckerberg has become the fourth richest person in the world.

Zuckerberg, propelled by Facebook (FB, Tech30)'s stock performance, shoved Amazon (AMZN, Tech30) CEO Jeff Bezos aside on Tuesday to claim the fourth highest ranking on the Bloomberg Billionaires Index.

http://allafrica.com/stories/201602050799.html

Cc: Seun, Lalasticlala, Obinoscopy, Ishilove

What does Zika Virus has to do with pregnancy. I think I need more explanation.

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Fear God all eviL doers!!!

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That's why I love the Yorubas! They have humility!

Thanks papa. Am proud of you!

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Cheating.... These deserve it. They will not listen unless you start showing them some thing like this.

End time pastors. By their fruit you shall know them

Inspector General

jmichlins:
These pictures are source of pain to some

yes to those whose houses were destoyed

Mr. Inspector!

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