Debt owed to Nigerian banks by operators in the power sector rose by 12.83 per cent in one year to N861.14bn in December 2021 amid the lingering problems plaguing the sector since it was privatised over eight years ago, according to the Central Bank of Nigeria data. The PUNCH had reported in July 2020 that the core investors in the distribution companies were looking to restructure the loans advanced to them by banks for the acquisition of the power assets. In November 2013, the nation’s distribution and generation companies were privatised through the Bureau of Public Enterprises, fetching about $3.2bn…

Aviation stakeholders have disclosed that the collection of helicopter landing charges in the country would begin on May 9. Also, it was gathered that stakeholders in the sub-sector and helicopter operators have been briefed on the concessionaire’s mandate and informed of the planned collection of landing fees. The body and Helicopter Services Operators in Nigeria, met yesterday, at the Port Harcourt International Airport, Omagwa, to deliberate with the management of Naebi Dynamic Concepts Limited, the concessionaire empowered by the Federal government of Nigeria to collect Helicopter landing charges as well as monitoring and surveillance of Helicopter movements in the country.…

Growing your business with less drama, less stress, and less work may not sound possible. But it is. It comes down to your ability to evolve as a leader as your company reaches each next stage of growth. The way I see it, there are four stages of growth that serve as a roadmap that guides how your focus, priorities, and key decisions change as your company grows. The first stage, the startup stage, is normally formed by one to five employees. Then you have a "Grow Up," with six to 15 employees. When the team needs to grow from…

New business ventures require funding, and quite often, that funding comes from external sources like early stage investors or private equity (PE) firms. It’s crucial to be well-prepared for meetings with potential investors. Savvy investors look for more than just a polished pitch deck; they look for passion and knowledge. They look for clarity of purpose, with a well-developed plan to achieve it. As an entrepreneur and now head of my own investment firm, I’ve been on both sides of the table. Here are the five key questions you’ll need to prepare for. 1. What is your product or service?…