Following the effects of COVID-19 and the war in Ukraine, food prices in Nigeria have soared to a 17-year high. According to the National Bureau of Statistics, the current inflation rate in Nigeria rose to 20.52% in August, the highest since October 2005. A recent market survey has shown that
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Virtual restaurant brands are helping traditional brick-and-mortar restaurants to boost revenues with minimal effort and cost Having a successful business in the F&B industry is notoriously difficult. Before the pandemic, half of the restaurants closed within the first year and 80 per cent within five years. The COVID-19 pandemic made the food
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Researchers from University of Missouri and University of North Carolina—Chapel Hill published a new paper in the Journal of Marketing that examines the pricing and brand equity implications of brands selling their products on one-party versus third-party online platforms. The study is authored by Zhiling Bei and Katrijn Gielens. It is estimated
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The Kern Entrepreneurial Engineering Network (KEEN) on Monday 8th August, 2022, awarded Dr. Kaitlin Mallouk, Assistant Professor in the Experiential Engineering Education Department (ExEED) in the Henry M. Rowan College of Engineering with the Top 2022 National KEEN Rising Star Award. Over the years, KEEN has remained a body that meritorious being
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We need to be smarter than hackers and be careful with emails that might look safe, here are some characteristics of email phishing Singapore Straits Time states that in the first three months of 2022, around 93 victims lost about US$56.2 million because of business e-mail compromise (BEC) scams. The victims
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The Senate last Thursday passed the Nigeria Start-up Bill, NSB after four months of going through the contents. The Bill drafted between June and September 2021 by over 30 tech leaders aims at providing enablement to some of the teething problems in the start-up ecosystem. Since the 2000 when Nigeria began to
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WhatsApp has always provided people with the ability to connect faster. From enabling people to reach out to friends to stay in touch with family, WhatsApp has strengthened relationships in many ways and improved communication for many people. Now, for people and businesses globally, WhatsApp is where business gets done. It
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For half a decade, the financial services sector has changed dramatically, yet it seems to remain hot and evolving. Like a wildfire, what started with e-Tranzact and Interswitch as simple solutions to payment inefficiencies has ballooned into a behemoth, revolutionising different aspects of the financial services sector, including credit, investments
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Investors who feel that a startup business or a small company has the potential for significant long-term growth will often give what is known as venture capital (VC), which is a type of private equity as well as a type of investment. There are numerous benefits to securing venture funding. Rapidly expanding
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Africa’s technology ecosystem as we know it is thriving and primed for astronomical growth and success in this decade. Over the past 5 years, our ecosystem has celebrated several key milestones: Exits and acquisitions in the millions. Impressive funding rounds ranging from seed to Series C. The arrival of new angel investors and venture funds
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