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Focus and Concentration: Essential Tactics in the Den

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On episode eight of Dragon’s Den, we watched Chris Parkes, John Momoh, Ibukun Awosika, Femi Tejuoso, and Tokunboh Ishmael as they lit the den with the fire of their business wisdom.

The first entrepreneur, Ayobola Adediji came to pitch a "one-stop-beauty place" to the dragons; a business idea which Ibukun Awosika and Tokunboh Ishmael seemed to have warmed up to. But the dragons did not invest here, although she was advised by the duo to fine-tune her plans and see them later. 

The second entrepreneur believed he could transform billboards from being mere marketing tools to functional utilities with Bright Streets Incorporated, demanding for 25 million naira in exchange for 60% equity.

The dragons all opted out as they neither saw any business sense in the proposal nor readiness on the part of this entrepreneur.

The third entrepreneur in the den was the CEO of Futuristic Concepts who came to seek 10 million naira in exchange for 70% equity in his online advertising venture.

But without a running website, his ambition to sell online advertising slots was rebuffed as a suddenly nurtured ‘futuristic’ endeavour to which the dragons did not subscribe.

The fourth entrepreneur, Ayo Falano, the CEO of Alexander Blakes Solutions was looking for a 14 million naira investment in a company billed to offer a ‘loaded’ bouquet of IT Solutions and services including WiFi and also offering doorstep delivery of goods purchased online.

But his business plan suddenly became confusing and contradictory to the dragon’s disapproval and of course, no deal was struck.

Olubumi Adeyemi, a London-trained interior decorator and the fifth entrepreneur in the den came in search of 10 million naira in exchange for 25% equity in Homemade Interiors Limited.

But the dragons were totally unconvinced that he had the prerequisite qualities to successfully run his proposed business and were quick to dismiss him from the den.

The last entrepreneur on this episode, Yinka Oyenuga came in search of N45,220,00 in a social-entrepreneurship initiative he tagged "Heart Trick" in exchange for 45% equity. His projected returns on equity investment stirred the dragons’ curiosity in the operations and administration of such a venture.

John Momoh figured out that he wanted to make money by exploiting the sentiments of the invalid which made the dragons to probe further and establish if he was proposing to trade on the disadvantages of invalid people, while remitting a meager percentage of the proceeds to these invalids.

As Oyenuga’s business plan had elicited much doubts and suspicion, the dragons unanimously opted out advising him to desist from such exploitative schemes.


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Why your business needs unified data analytics for growth and success

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By Kehinde Ogundare, Country Head, Zoho Nigeria

Most business leaders will agree that data analytics is a strategic necessity today. Without access to comprehensive data and effective ways to interpret it, organisational decision-makers may find themselves relying solely on intuition while navigating unfamiliar roads in the dark. Gut-based decisions can occasionally lead to success, however, those wins are often more coincidental than a reflection of true strategic insight.

More than 90% of the businesses derive benefits from data analytics strategies

A robust data analytics solution enables businesses to transform raw data into organised, actionable insights across numerous functions. They can span CX—helping personalise interactions based on an analysis of individual preferences and behaviours, growth strategies—allowing teams to identify distinct customer segments basis emerging deal patterns, post-sales support—enabling quick response times by analysing ticket allocation systems and discerning gaps, and so on. It’s no surprise, then, that nearly 92% of organisations reported measurable value from their data and analytics investments in 2023.

Unfortunately, many organisations fail to derive full value from their data analytics strategies. One of the reasons for that is analytics systems not having a full view of what’s happening across the company owing to data silos.

Information silos can affect the quality of data insights

There are numerous reasons why an organisation can end up with fragmented or siloed data, but a key factor is the existence of different tech platforms across various departments. Use of disparate tools for different functions can lead to decentralised management of data. For instance, while the sales team might know how many units of a product a customer has purchased, they may have no visibility into how quickly the customer pays their invoices or how many interactions they’ve had with marketing and communication collateral before making a purchase.

There are other data issues that businesses face too. Among them is poor data quality. This can be caused by manual data collection practices that often yield inaccuracies, inconsistencies, and redundancies. Poor data quality forces businesses to spend a lot of time and resources on cleaning up, which further prolongs the analysis process. The best approach to solve these issues is to digitalise and unify data sources with the right tech platform that interconnects all departments.

The right software matters

Fortunately, with the right software, achieving a unified view of data becomes much simpler. Effective data analytics software will bring disparate data points together and make analysis easier. To do this effectively, the software should provide native integrations with a diverse array of data sources, including local files, feeds, databases, and business applications.

Beyond that kind of integration and unified view, what should organisations look for in business analytics software?

First, it should be accessible to all users—whether they are business users, data analysts, data engineers, or BI specialists—ensuring ease of use and value for everyone. The software should also offer pipeline builders, be compatible with other forms of software, support streaming analytics, deliver real-time insights, and provide unified metrics.

In addition,the software must evolve with a business’ changing data analytics needs. This means supporting features like generative AI analytics, predictive AI, and machine learning capabilities. The ability to trigger actions based on alerts and pipelines, connect to niche business apps, and integrate multiple BI and data analytics tools will further enhance its benefits.

Ultimately, the software should demonstrate clear value by reducing manual effort and streamlining processes, handling large datasets efficiently, and delivering cost and time savings.

The data’s there; now bring it together

Given the clear benefits that good data analytics software offers businesses, embracing it should be a no-brainer. Most organisations already sit on a treasure trove of data; it’s simply not being put to effective use. A unified data analytics software can change that by bringing together disparate data points and providing a consolidated view with actionable insights. Implemented correctly, those insights can supercharge a business’s growth trajectory.


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King Shipping Felicitates with Aluo, NNL Chairman as He Bags Sports Administrator of the Year Award

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A leading shipping company in the country, King Shipping Trading Maritime Services Limited has congratulated the Mr. George Aluo, chairman of Nigerian National League ( NNL),  on his nomination for the Sports Administrator of the Year Award by the Imo State Chapter of Sports Writers Association of Nigeria ( SWAN).

In a congratulatory message he personally signed, the Managing Director/ Chief Executive Officer of the company, Bob  Chukwuma Hyacinth, the company described Aluo as a Sports administrator per excellence whose nomination for the award did not come as a surprise to anyone.
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The award to Mr. George Aluo, is well deserved and did not come to us as a surprise considering the various transformation he has brought to the country’s second tier League within a short period of time of being n charge of the league.
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As he receives this award, we urge him not to relent in his efforts at making the NNL a household league in the country but to see it as a call to more meritorious service to the country”, concludes the statement by the company whose operations  covers Ship Chandelling, Ship handling and repairs, supply of Diesel, commodities , beverages , shipping logistics, clearing and forwarding.
Meanwhile, the company has also congratulated the wife of the Managing Director Mrs.Loretta Bob-Chukwuma on her birthday.

In a congratulatory message, the CEO described her as his pillar of success and prayed that God Almighty will continue to clothe her with garment of blessing, and good health
” I also want to use this occasion to congratulate my wife who is a year older today.

She has been the pillar of my success and I pray that the Almighty God will continue to bless her, clothe her with garment of blessings and good health as well as give her long life and prosperity to celebrate many more years in good health.”


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Northern Broadcasters Sue Arewa 24, 7 Others over Licensing   

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Board of Trustees of the Northern Broadcast Media Owners Association (NBMOA) has filed a lawsuit against the broadcast company Arewa 24 Limited and seven other entities, alleging they are operating without proper licenses.

Northern Broadcasters Sue Arewa 24, 7 Others over Licensing   

The case, set for hearing before Justice Omotosho at the Federal High Court in the Federal Capital Territory (FCT), lists the National Broadcasting Commission (NBC), the Federal Ministry of Information and National Orientation, the Advertising Regulatory Council of Nigeria (ARCON), the Federal Competition and Consumer Protection Council (FCCPC), MIPAN, MultiChoice, StarTimes, and ADVAN as defendants.

In a statement issued in Abuja, Alhaji (Dr.) Ahmed Tijjani Ramalan, chairman of the NBMOA Board of Trustees, highlighted concerns that the unlicensed operations of the defendants pose a threat to Nigeria’s established legal and competitive media landscape, impacting media owners and audiences nationwide.

Ramalan stated, “Our objective is to ensure a fair, regulated media environment in line with established broadcasting standards, while maintaining a commitment to the rule of law.”

The NBMOA affirmed its commitment to lawful broadcasting standards and noted that it would refrain from further public comments until the legal proceedings are concluded to respect the judicial process.

Stakeholders in Nigeria’s broadcasting industry are closely watching the case, as its outcome could have significant implications for media regulation and licensing across the country


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