Frank Wealth

  How naira sinks to N530 against US Dollar to a fresh record low on Thursday amid the lingering scarcity of foreign exchange in Nigeria. The value of the naira fell against the US currency on at both the parallel market and the Investors’ and Exporters’ foreign exchange window. The local currency, which stood at 526/$1 on Tuesday, fell to 530/$1 at the parallel market on Thursday from 528/$1 on Wednesday.  At the I&E window, the naira weakened further to 411.67/$1 on Thursday from 411.50/$1 on Wednesday, according to FMDQ Group. No less than 55 per cent to 60 per cent of Nigerian forex transactions are traded at this window, which is used by the CBN and most exporters and investors, according to Financial Derivatives Company Limited. “It serves as not only a source of price discovery but also a barometer for measuring potential and actual CBN intervention in the market. Some of the exchange rate determinants are balance of payments, capital inflows and ...

For so many Nigerians, making money online will definitely be a dream come true. But sadly, it is not everyone that will ever make some decent income online. Yeah. I’m not just saying this to get you discouraged… According to Google stats, about 70 percent of small businesses will wind up in the first 5 years.  And this can be worse for an online business.  Now it doesn’t just end here… With the current challenges in developing countries, starting a rewarding online business in a country like Nigeria becomes even more difficult.  That’s the true situation of things.  But the truth also is, despite the challenges of starting an online business, there are people who are still doing phenomenal stuff with their online business right here in Nigeria… And other developing countries.  How did they do that?  If this is the question on your mind then you’re going to learn a lot from this post.  Below are step by step guide to on how to make money online in Nige...

Agriculture back then was the in thing for everybody before the advent of of oil which turned the fortunes of the country upside down, there is a mild shift away from oil to the booming tech sector with Nigerian Tech startups raising well over half a billion dollars in 2019. Below is a list of 5 youngest Nigerian Tech Billionaires under the age of 30 doing very well for themselves in the tech sector, this list was carefully generated based on funding rounds and individual company valuations and asset base. 1.) Iselowo Kolawole Kehinde : Aged 28 years of age, he is the CEO and founder of TRENAGRIC, simple form for Technology and Renewable Energy In Agriculture for improved agricultural yield geared towards national food security for national development, a course he is passionate about.  Since the inception of the company he has since seen millions of Naira pouring in investment and revenue.  He is currently working on a new health startup known as Test In Transit, he as vast e...

Having noticed a huge growth in enterpenurship in Nigeria , I decided to compile List olf Nigerian entrepreneurs under 25 but the list ended up being less than 5 after my findings.  This means Nigeria as a nation needs to support entrepreneur. Nasir Yammama -27- Founder, Verdant - Agri-Tech: a social enterprise to support rural farmers with mobile technologies for sustainable farming and improved food production. Abiola Olaniran -28 - Founder,  Game sole - Technology : Gamsole is a Nigerian-born mobile game production company.  Fasasi Tosin - 18 - Founder Demfas Aerosystems -Telecommunication: This is Nigeria first telecommunication equipments manufacturer, founded in 2016. The company owns 4 patents.  Ola Orekunrin - 30 - Founder flying ambulance - emergency: Flying doctors is West Africa’s first Air Ambulance Service Company. The company provides emergency helicopter, airplane ambulance and evacuation services in Nigeria and some countries within the West African S...

The article was created to reinforce the TRUTH that for every Nigerian that puts the rest of us to shame, there are 100 other Nigrians who do are doing us PROUD. This is meant particularly for younger people who I admonish out of brotherly love, not to lose hope or become despondent or believe that crime is the only avenue to making money or living a comfortable life.  Do not judge your situation based on what other criminals and corrupt people are doing. Your time will come, God rewards honesty and hard work and the wealth you build up will never fly away or diminish, it will remain permanent. The list below is only but a few number of Nigerians amongst many more , who are doing us proud and nurturing and creating investment and opportunities. Oluwaseun Temitope Osewa Oluwaseun Temitope Osewa is a Nigerian internet entrepreneur. He is the founder of Nairaland, a popular internet forum launched in March 2005, which was projected as the biggest African forum by Forbes. YNaija listed...

Nowadays, entrepreneurs face a lot of challenges in the highly-competitive world of business. Nigeria has survived difficult times of colonisation which resulted in a lack of entrepreneurial spirit that was suppressed by the British. Fortunately, today entrepreneurs have more resources to learn how to run a business and tackle different problems more effectively. So, let’s take a look at some challenges of entrepreneurship in Nigeria nowadays. What are the problems confronting entrepreneurship development in Nigeria? Becoming a successful businessman in Nigeria is not that easy, especially at the beginning. Starting a business is associated with many challenges and difficulties. While some of them are minor, others cause a lot of headaches. To identify the reasons for the business-related problems in Nigeria, one needs to make a journey into the history of entrepreneurship in this country. As for today’s state of business in Nigeria, entrepreneurship development in Nigeria has never be...